Page 27 - Tnc Rajagopalan

Filling a lacuna in export dues write-off

The method is to invoice at MEP, realise export proceeds at a lower price and then seek write off the shortfall

Watch out for global market mood swings

'Submission of C form mandatory for availing lower sales tax'

Why SEZ provisions need to be reweighed

An ADD is levied to counter the predatory pricing policy of any exporter in a foreign country

RBI sterilising forex inflows

Insulating the domestic industry from imports

'Duty paid on goods, not on service, can be passed on to customer'

The service of goods transport agency got consumed during transportation of goods from your supplier's premises to your premises

'EOUs must demand consistency in customs, excise rules'

Director General of Foreign Trade must clarify the matter

'Authorisations with different value addition criteria cannot be clubbed'

'In case of transit sale, no need for registration or issue of dealer invoice'

'Importers who pass on cenvat credit to customers cannot claim refund'

Better but not quite enough

'Legal clearance of goods from DTA to SEZ entitled to Cenvat credit refund'

Finer print in alphabet soup

'Service tax to stay at 12% until Parliament passes Finance Bill'

Incremental step on earlier policy

'Tax is not payable on services that are provided in non-taxable areas'

'Service tax not payable if recipient of service is located abroad'

'Tax leviable on taxable services provided from abroad and received in India'

Customs duty is payable by importer as per conditions of bond executed