Exports to nepal
This query is : Resolved
09 October 2015
Can we avail the benefit of Duty drawback / advance authorization / fps for exports to Nepal
10 October 2015
Vikas Ji,
Indian Government entered into Treaty with Nepal Government for the purpose of smooth trading. Based on this Treaty, excise notification no. 26/2011-CE(NT) is issued wherein it was amended that export benefits will also be available even when goods are exported to Nepal. (in the original notification, the wordings were “export to all the countries, except Nepal and Bhutan”. In the amended notification, the word “Nepal” has been omitted and now we can read as “export to all the countries except Bhutan”). Thus, from 1st March 2012 onwards, all the export benefits are available to exports made to Nepal.
Refer to CBE&C Circular No. 961/04/2012-CX dated 26th March 2012 and clear understanding of the point of time when goods can be treated as “exported”, one can conclude that realization / receipt of foreign currency is not a condition to enjoy excise duty benefit in case of export of goods. Therefore, export of manufactured goods made on FOC basis will also eligible for excise duty benefits.
CHAPTER-4
*********
benefit of other export incentives such as advance license, EPCG etc. will not be available in case of INR export.
DBK
****
dbk to nepal is not admissible refer to CBEC Notification No. 208 dtd 01.10.1977
More information :
pls.read the para 2.52 Denomination of Export Contracts of FTP 2015-2020
Indian Government entered into Treaty with Nepal Government for the purpose of smooth trading. Based on this Treaty, excise notification no. 26/2011-CE(NT) is issued wherein it was amended that export benefits will also be available even when goods are exported to Nepal. (in the original notification, the wordings were “export to all the countries, except Nepal and Bhutan”. In the amended notification, the word “Nepal” has been omitted and now we can read as “export to all the countries except Bhutan”). Thus, from 1st March 2012 onwards, all the export benefits are available to exports made to Nepal.
Refer to CBE&C Circular No. 961/04/2012-CX dated 26th March 2012 and clear understanding of the point of time when goods can be treated as “exported”, one can conclude that realization / receipt of foreign currency is not a condition to enjoy excise duty benefit in case of export of goods. Therefore, export of manufactured goods made on FOC basis will also eligible for excise duty benefits.
CHAPTER-4
*********
benefit of other export incentives such as advance license, EPCG etc. will not be available in case of INR export.
DBK
****
dbk to nepal is not admissible refer to CBEC Notification No. 208 dtd 01.10.1977
More information :
pls.read the para 2.52 Denomination of Export Contracts of FTP 2015-2020
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