Can you anybody tell Quantum of benefit will be calculated
on the incremental growth achieved subject to eligibility criteria
given in para 3.14.4(d) of FTP 2009-14.

Please send para 3.14.4(d) of FTP 2009-14.

Dear Professionals

Please tell me that can we claim the excise duty as duty drawback according to the all industry rates specified by the govt.
because our case is that " we purchase material from indian market and pay Excise Duty and use these materials for the project fall under the category of Deemed Export".

Further that can we claim service tax as duty drawback for the above case.

Dear Sir,

Against our first export it happened that our invoice and shipping bill was raised in USD while the customer transferred the payment in Euros. Now the bank denies to issue BRC.

What is the solution.

Dear Sir,


I need a clarification regarding Refund of 4% SAD scheme in reference to Circular No.10/2012-Customs dated 29.03.2012 wherein as per para 4 it is mentioned that

“Board also reiterates Para 8 of Board’s Circular No. 27/2010-Customs, dated 13-08-2010 wherein it was mentioned that in the interest of ensuring expeditious grant of refund of 4% SAD, the importers may be advised to make the initial payment of 4% CVD in cash.”

DGFT has also informed that no re-crediting shall be done if such payment is made by means of scrips. In other words, in future exporters should pay SAD component in cash if they want a refund.”

Please clarify whether said SAD component only can be paid in cash and rest through scrip or we have to pay all the duties i.e. BCD, CVD & SAD in cash to get the SAD refund.

Because we were paying custom duties through scrip as per said circular it is clearly mentioned that “NO re-crediting of SAD shall be done if such payment is made by means of scrip.”

Thanks & regards,

Can we get duty drawback or other rebate of custom duty on imported material when this material (without making any process/ as it is) is supplied to SEZ from domestic market.

Dear Sir,


I need a clarification regarding Refund of 4% SAD scheme in reference to Circular No.10/2012-Customs dated 29.03.2012 wherein as per para 4 it is mentioned that

“Board also reiterates Para 8 of Board’s Circular No. 27/2010-Customs, dated 13-08-2010 wherein it was mentioned that in the interest of ensuring expeditious grant of refund of 4% SAD, the importers may be advised to make the initial payment of 4% CVD in cash.”

DGFT has also informed that no re-crediting shall be done if such payment is made by means of scrips. In other words, in future exporters should pay SAD component in cash if they want a refund.

Please clarify said ‘in future’ word is applicable from which date whether it is from 13.08.2010 with reference to circular no 27/2010
or
from 29.03.2012 as per Circular No. 10/2012.

As we had paid custom duty through incentive scrip against import after 2010, whether we shall be entitled for 4% SAD refund through re-credit or not.

Thanks & Regards,

In case Company is having EOU status and Imports Goods and duty had been charged in bond. now if company wants to return the goods whether duty need to be reversed which is charged earlier in bond same like section 26 in The Customs Act

Sir,

I have a query whether the Builder who import goods for their projects complying the Legal Metrology Act 2009, except for the material imported is to be used in their projects which they are ultimately going to sell to their customers.

Are they eligible for the said exemption in 021/2012, coz they pay VAT on the Flats that they sell to their customers.

And if they are Eligible for getting the Exemption of the SAD, what is the argument that we can make for this.

Kindly guide me on the same, the sooner will be a blessing for me.

Thanks & Regards,
HITEN SACHDEV

There is an order received by an indian company to sale its goods to a customer in SRI LANKA. To execute it the Indian company plans to import the goods and instead of bringing goods in India and pay duty, divert them directly to Sri lanka. The customer then get the goods clear by his own cost in Sri Lanka.


Is this transaction possible ? Will it be categories as High seas sale (export). So the Indian company is neither required to pay custom duty nor sales tax.



Kindly advice at your earliest.

Can a company carry out a business of only doing high seas sales i.e importing from one country and selling it domestically before the goods reach the customs territory.Are there any restrictiosn in this regard.Please quote any relevent sections/case laws.Does the provisions of high seas apply in case the import of any class of goods is exempt from import duty.