DEPB SCHEME BENEFIT
This query is : Resolved
11 April 2011
Dear Sir,
(1)We are 100 % EOU in Gujarat. We are exporting Gold Ornaments studded with diamonds, stones etc. For manufacture, we procure all materials (Gold, Diamonds, Stones etc) locally & do not import any of them.
Inspite of this fact, can DEPB Scheme OR Advance License scheme OR Duty Drawback Scheme is beneficial to us ? If yes,then which scheme and how...pl. guide. From FY 11/12, we will not be claimiming income tax benefit under sunset clause 10B.
(2)We rae planning to establish a mfg unit in Surat SEZ for Export &DTA Sales. Under this we will not be importing any raw material (if we import, do we get custome duty exemption ?). In this situation, which of the above three scheme will be beneficial to us and how ?
thanks in advance
anckoora.
(1)We are 100 % EOU in Gujarat. We are exporting Gold Ornaments studded with diamonds, stones etc. For manufacture, we procure all materials (Gold, Diamonds, Stones etc) locally & do not import any of them.
Inspite of this fact, can DEPB Scheme OR Advance License scheme OR Duty Drawback Scheme is beneficial to us ? If yes,then which scheme and how...pl. guide. From FY 11/12, we will not be claimiming income tax benefit under sunset clause 10B.
(2)We rae planning to establish a mfg unit in Surat SEZ for Export &DTA Sales. Under this we will not be importing any raw material (if we import, do we get custome duty exemption ?). In this situation, which of the above three scheme will be beneficial to us and how ?
thanks in advance
anckoora.
RAMESH KUMAR VERMA
(Expert)
13 April 2011
Refer to Policy Circular No. 6 dated 20th May, 1998 wherein it was clarified that the exports effected by EOU / EPZ Units whether directly or through third party are not entitled for DEPB benefits / discharge of export obligation against Advance License.
for info:-
https://www.eouindia.gov.in/epc_cir_001.htm
for info:-
https://www.eouindia.gov.in/epc_cir_001.htm
RAMESH KUMAR VERMA
(Expert)
13 April 2011
also read:-
https://www.caclubindia.com/share_files/comprative-incentive-among-sez-eou-and-general-unit--23721.asp
https://www.caclubindia.com/share_files/comprative-incentive-among-sez-eou-and-general-unit--23721.asp
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