Page 29 - Tnc Rajagopalan/workspace/business Standard Web/undefined

When a trade is seen as suspicious activity

'Goods can be moved from factory without paying duty, for testing'

The second proviso to Section 75 of the Customs Act, 1962, only says that the sales proceeds in respect of export goods on which drawback has been allowed must be received

'SFIS scrip can be used for regularisation of default under the EPCG scheme'

It is very clear that even other goods or articles are covered by "Courier Agency", and the same is not confined to only time-sensitive documents as contended by the appellants

2013: Some advances, quite a few negatives

'Export earnings must be converted into $ at rate ruling on date of licence'

Follow the reasoning on deferred litigation

Commitments on the new WTO trade deal

'Goods imported duty free under advance authorisation can be sent to a job-worker'

'Drawback rates cannot be altered on the basis of data from a single exporter'

Para 2.40 of the FTP mandates payment for exports in freely convertible currency and treats payments realised in rupees through a convertible Vostro account of a non-resident bank, as freely convertib

Retrospective breather needed for EOUs

TNC Rajagopalan: Exim matters

RBI hobbles a needed step

'New curbs on use of duty credit scrip to regularise export defaults can be challenged in court'

T N C Rajagopalan: DGFT's twin Diwali gifts

Some optimism on this Diwali

'Incentives available only if imported goods are re-exported with a new identity'

If the product that you export has the same identity as the imported goods, then you will not be eligible for incentives

Intervening on SEZ exit rules

Indirect taxes & the arrest law

'Cenvat credit on goods used in works contracts for buildings are disallowed'

When you export the goods, you may declare the advance and amount due clearly and file GR/SDF form accordingly

Homework on past only partially done

A new example of red tape tangling