Chatroom
Goods exempted under notifications can be brought into bonded warehouses
RBI itself allows initial period of 9 months to realise export proceeds
 "Goods exempted under notifications can be brought into bonded warehouses")
'Merchanting trade' includes supply of goods within same foreign country
The CBEC Circular no.38/97-Customs dated 19th September 1997 says that any group company having status recognition as 'export house' under the FTP can give the corporate guarantee
 "'Merchanting trade' includes supply of goods within same foreign country")
Chatroom: EOU exemption on inputs unavailable for services not exported
You should prepare an e-way bill for sending the goods to the consignee, as instructed by the foreign buyer
 "Chatroom: EOU exemption on inputs unavailable for services not exported")
Customs should not act while redemption application is pending with DGFT
Rule 53 of the SEZ Rules, 2006 has no provision to count any supply from a SEZ unit to a bonded warehouse as earnings for the purpose of NFE calculations
 "Customs should not act while redemption application is pending with DGFT")
Chatroom: Clarity needed on Rodtep scheme extension for EOU/SEZ/AA exports
That notification now allows exporters to open foreign currency accounts outside India to receive export proceeds and utilise the funds for making payments for imports
 "Chatroom: Clarity needed on Rodtep scheme extension for EOU/SEZ/AA exports")
Exporters: Know when you can claim duty drawback and Rodtep benefits
Drawback and Rodtep will be available only against export of goods. At the time of export of goods, one must declare the value of the goods in the shipping bill
 "Exporters: Know when you can claim duty drawback and Rodtep benefits")
Importers can use 2 exemption notifications simultaneously for same imports
If goods are imported into India after exportation therefrom, such goods shall be liable to duty and be subject to all the conditions and restrictions
 "Importers can use 2 exemption notifications simultaneously for same imports")
Chatroom: DBK need not be surrendered if export proceeds realised late
TNC Rajagopalan answers SME queries related to GST, export and import matters
 "Chatroom: DBK need not be surrendered if export proceeds realised late")
No duty relief for import of goods to help Wayanad landslide victims
Prefabricated buildings fall under the tariff heading 9406. Modular building units of steel fall under the tariff line 94062000. All the items under the heading 9406 can be imported freely
 "No duty relief for import of goods to help Wayanad landslide victims")
Chatroom: EGM proof required under IGST Rate Notification 41/2017
Rajagopalan answers readers' SME queries related to GST, export and import matters
 "Chatroom: EGM proof required under IGST Rate Notification 41/2017")
Home consumption's bill of entry can be substituted with 1 for warehousing
Any option for making supplies without GST payment is not available for such deemed exports
 "Home consumption's bill of entry can be substituted with 1 for warehousing")
Chatroom: Remittances below $25,000 also need Form A2 now
The RBI has only put up the draft directions on exports and imports of goods and services for public response. The directions would be finalised only after receiving feedback from stakeholders
 "Chatroom: Remittances below $25,000 also need Form A2 now")
Chatroom: EO against AA can be discharged through physical/deemed exports
Rajagopalan answers SME queries related to GST, export and import matters
 "Chatroom: EO against AA can be discharged through physical/deemed exports")
Chatroom: 'DGFT should review Para 2.12 of FTP'
Rajagopalan answers readers' SME queries related to GST, export and import matters
Chatroom: Duty-free inputs used in export output are not export benefits
When you re-import the goods under notification 45/2017-Cus dated June 30. 2017, you have to pay the GST, DBK and RoDTEP amounts at the time of clearance
 "Chatroom: Duty-free inputs used in export output are not export benefits")
DGFT should issue orders on QCO item imports as replenishment under AA
It appears the government intends to give GAEC for exports of SCOMET items only to the parties to whom you have already made some exports
 "DGFT should issue orders on QCO item imports as replenishment under AA")
'Date of DBK payment is date of credit to exporter's bank account'
In my opinion, you have to close the EPCG authorisations taken for the capital goods installed in unit 'A' only, the DTA unit that is being converted into EOU
 "'Date of DBK payment is date of credit to exporter's bank account'")
Customs can ask for purchase invoices from exporters claiming DBK, Rodtep
Rule 9 of the Customs and Central Excise Duties Drawback Rules, 2017 and proviso at Para 2(1)(b) of notification no.76/2001-Cus (NT) dated 23rd September 2021 put a cap on the amount of drawback
GAEC application for SCOMET items: Exporter must have trust in end user
Para 10.16 A.II.b.ii says that the applicant exporter is required to declare that the items that are intended to be exported shall not be used for any purpose other than the purpose(s) stated
 "GAEC application for SCOMET items: Exporter must have trust in end user")
Chatroom: Individuals can get up to $250,000 forex for their foreign trips
Para 6.07(a) allows sale in DTA without any limit for EOUs in sectors other than gem and jewellery and services, so long as you achieve positive NFE
