Benefits are are available except ted refund & duty drawback

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Querist : Anonymous

Querist : Anonymous (Querist)

23 October 2011 FOREIGN TRADE Policy provided the recipient of the goods does not avail CENVAT credit /rebate on such goods. Similarly, supplies will be eligible for deemed export drawback in terms of para 8.3(b) of Policy on the Central Excise paid on inputs /components, provided CENVAT credit facility/rebate has not been availed by the applicant. Such supplies will however be eligible for deemed export drawback on the customs duty paid on the inputs/components.

Please advice what other benefits any manufacturer intitled to procure except TED Refund & Duty Drawback?????????

Will a manucturer is intitled to import Duty Free using DFIA or DEEC Licence?

Pradeep Jain

Pradeep Jain (Expert)

29 October 2011 As per Chapter 8, three benefits are available under deemed export benefit:-
1. Duty drawback;
2. refund of terminal excise duty; and
3.Advance authorisation/Advance authorisation for annual requirement/DFIA.

As you have referred 8.3(b), it means that the supply to EOU/SEZ etc. and all the benefits are available as per para 8.4.2 of Foreign trade policy.

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Querist : Anonymous

Querist : Anonymous (Querist)

30 October 2011 Thanks Sir