Sme CHATROOM

TNC Rajagopalan answers SME queries related to GST, export and import matters

I think the CBIC should take note of the difficulties of the trade and amend the definition of 'export' at Rule 2(b) of Re-export of Imported Goods (Drawback of Customs Duties) Rules, 1995.

Where irrefutable evidence is available to show that 'certificate of supplies' or 'invalidation letter' has not been utilized, fully or partly, there ought to be no hesitation in granting re-credit

Drawback and Rodtep will be available only against export of goods. At the time of export of goods, one must declare the value of the goods in the shipping bill

If goods are imported into India after exportation therefrom, such goods shall be liable to duty and be subject to all the conditions and restrictions

In an Ex-W contract, the obligation of the seller is to make the goods available at the named place and give notice to the seller. The obligation of the seller is to take delivery at the named place

Rajagopalan answers readers' SME queries related to GST, export and import matters

The RBI has only put up the draft directions on exports and imports of goods and services for public response. The directions would be finalised only after receiving feedback from stakeholders

TNC Rajagopalan answers SME queries related to GST, export and import matters

When you re-import the goods under notification 45/2017-Cus dated June 30. 2017, you have to pay the GST, DBK and RoDTEP amounts at the time of clearance

Para 6.07(a) allows sale in DTA without any limit for EOUs in sectors other than gem and jewellery and services, so long as you achieve positive NFE

Firstly, it is not correct to say that the B/E is filed on the basis of the proforma invoice

'The testing requirement will apply for exports to all countries, without exception'

'You can export goods capable of being manufactured by the use of capital goods imported under the EPCG scheme'

Section 16 of the CGST Act, 2017 allows you to take input tax credit of the input tax charged on any supply of goods or services, or both, subject to certain conditions

'As long as you expect to realise the CIF/CFR value of the goods and declare it correctly in your shipping bill/EDF, there is no violation under FEMA'

Practically, it is difficult to escape payment of customs duty and interest even when the goods are destroyed or re-exported

After initiation of CIRP, the liquidator can secure the imported goods from the Customs to be dealt with appropriately in terms of the IBC

There is a specific box in the bill of entry for Free of Charge (FOC) imports

the duty concessions are available under exemption notifications and some of them mandate the procedures prescribed under the said IGCR Rules.