Dutiability

This query is : Resolved

imran dafedar (Querist)
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05 May 2015 Respected sir, My client(Pvt Ltd) is registered dealer in karnataka VAT Act . It is developing software and selling in India,paying VAT accordingly.Now co wants to export to bangladesh the same software. My Query is Wheather Custom Duty is Applicable? Please Help me Sir. Thanks in advance.

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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26 May 2015 mr. imran,

your client is Service Provider and eligible for DGFT INCENTIVES UNDER SFIS SCHME.

Indian Service Providers of services which are listed in Appendix 41 of HBP v1 and who have free foreign exchange earning of at least Rs. 10 Lakhs in current financial year will be eligible for Duty Credit Scrip. For Individual Indian Service Providers, minimum free foreign exchange earnings would be Rs 5 Lakhs.”

Service Providers of services listed in Appendix 41 of HBPv1 would alone be eligible. Such eligible Service Providers will be entitled to Duty Credit Scrip equivalent to 10% of free foreign exchange earned during current financial year.”

ADVISE THEM FOR REGISTERED IN SERVICE EXPORT PROMOTION COUNCIL SO THAT ADMISSIBLE DGFT VARIOUS INCENTIVES.

MORE INFO:

https://www.caclubindia.com/forum/dgft-incentive-for-service-providers-328394.asp

REGARDS,

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