Page 32 - Tnc Rajagopalan

'No import duty cut merely because importer is SSI unit'

Utilisation of duty credit scrips

The procedures for payment are prescribed through service tax notifications 6, 7 and 8 - all dated April 18, 2013

Revamped EPCG scheme may take sheen off SEZs

Zero-duty EPCG scheme can entice more domestic tariff area units to take up export obligation but it removes an important consideration for setting up EOU or SEZ units

'Commission paid to foreign agent of Indian company not taxable in India'

Reforms inadequate for reviving interest in SEZ scheme

Expectations such as abolition of MAT and Dividend Distribution Tax for special economic zones have not materialised

Some improvement but rather modest

'Duty drawback benefits not available if exports are paid for in rupees'

Policy makers should react stronger to revive growth

The commerce ministry is working on amendments to the Foreign Trade Policy that may take effect later this month

A matter of clarity

RBI has issued revised instructions to this effect through a circular dated March 12, 2013

'Deemed export benefits are available for goods manufactured in India'

Advance authorisation holders need to examine options

DGFT oversteps defined ambit

The controversial circular comes just a few days before announcement of major amendments to the Foreign Trade Policy

Current account deficit solution lies with Reserve Bank of India

Speaking softly while using a big stick

'EPCG authorisation must be registered with Customs before import'

Prudent FM with a flawed team

'CENVAT credit not allowed on capital goods used to make exempted goods'

TNC Rajagopalan: Doubts remain over tweaked post-export EPCG scheme

Despite amendments, the scheme looks unattractive as it requires upfront payment of duties and a complex way to get it back

On reducing the old glitter

'Duty credit scrips can be used to regularise defaults in export obligation'