Page 30 - Tnc Rajagopalan/workspace/business Standard Web/video

'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

'EOUs can count exports through third party towards DTA sales entitlement'

As per Rule 3 of the Place of Provision of Services Rules, 2012, the Place of Provision of Services is Finland, the place where the service receiver is located

Reconciling of rules on SEZs

New drawback rates disappoint business

The Union finance ministry has notified the revised All Industry Rates (AIR) for duty drawback though notification 98/2013-Customs (NT) dated September 14

'Service tax is levied on all services other than those specified in negative list'

You can ask the DTA buyer to give you an authority to file a Bill of Entry on his behalf and also give you the EPCG licence along with the Release Advice from the port of registration

Getting law to spot job work

Cussed nonsense in excise rebates

'No bar on second-hand capital goods import under project import regulations'

You may obtain the permission of your Assistant/Deputy Commissioner of Central Excise to clear the scrap on duty payment from the job-worker's factory, in accordance with Rule 4(6) of Cenvat Credit Ru

'Supplies to EOUs or projects through bidding qualify for duty drawback'

Excise duty has to be paid by manufacturers on moveable and marketable goods manufactured in India (other than SEZs), that are mentioned in the Central Excise Tariff