Business Standard

T N C Rajagopalan

Chatroom: 'RoDTEP credit doesn't lapse after 1 year from scroll generation'

The ICPO referred to by you does not give you full payment security, as, say, a bank guarantee or irrevocable LC would give

Chatroom: 'RoDTEP credit doesn't lapse after 1 year from scroll generation'
Updated On : 29 Nov 2022 | 12:34 AM IST

'If export proceeds not realised, you need to surrender RoDTEP benefit'

If the importer fails to comply with the condition of the notification which was claimed at the time of import, the duty is required to be paid as per the rate applicable

'If export proceeds not realised, you need to surrender RoDTEP benefit'
Updated On : 31 Oct 2022 | 11:19 PM IST

'Space availability certificate not required for filing in-bond B/E'

The requirement of producing the space availability certificate for clearance of goods to be deposited in a bonded warehouse has been done away with

'Space availability certificate not required for filing in-bond B/E'
Updated On : 09 Aug 2022 | 12:14 AM IST

SME Chatroom: 'SEZ units need to be net foreign exchange earners'

SEZ units have to only achieve positive NFE and so the Customs need not demand refund of customs duty on the inputs

SME Chatroom: 'SEZ units need to be net foreign exchange earners'
Updated On : 26 Jul 2022 | 1:20 AM IST

SME Chatroom: Tribunal allows refund of CVD, special additional duty & cess

I suggest you claim refund of CVD, SAD and cess paid towards regularisation of the default under advance authorisation

SME Chatroom: Tribunal allows refund of CVD, special additional duty & cess
Updated On : 11 Jul 2022 | 11:25 PM IST

SME Chatroom: 'IGCR Rules apply only when exemption notifications say so'

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

SME Chatroom: 'IGCR Rules apply only when exemption notifications say so'
Updated On : 28 Jun 2022 | 2:51 AM IST

SME Chatroom: Banks can write off import entry in IDPMS over quality issues

RBI rules allow AD Category-1 banks to close BoE for such import transactions where write-off is due to short shipment or destruction of goods by port/Customs/health authorities

SME Chatroom: Banks can write off import entry in IDPMS over quality issues
Updated On : 17 May 2022 | 2:45 AM IST

SME Chatroom: Purpose of shipping mark to enable package to be identified

If an LC specifies the details of a shipping mark, the documents mentioning the marks should show these details; additional information is acceptable provided it is not in conflict with the LC terms

SME Chatroom: Purpose of shipping mark to enable package to be identified
Updated On : 02 May 2022 | 11:57 PM IST