Simultaneously availment of ecpg and sfis
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 January 2013
dear sir,
we are currently getting SHIS (Status Holder Incentive Scrip License)incentive from DGFT which is utilized while importing capital goods. In EPCG scheme also, custom duty to be paid on capital goods becomes zero or 3% concessional rate . So pls confirm both the incentives can be availed simultaneously.
regards,
ankit rathi
we are currently getting SHIS (Status Holder Incentive Scrip License)incentive from DGFT which is utilized while importing capital goods. In EPCG scheme also, custom duty to be paid on capital goods becomes zero or 3% concessional rate . So pls confirm both the incentives can be availed simultaneously.
regards,
ankit rathi
23 January 2013
Status holders are issued Status Holders Incentive Scrip (SHIS) to import Capital Goods for promoting investment in up-gradation of technology of some specified labour intensive sectors like Leather, Textile & Jute, Handicrafts, Engineering, Plastics and Basic Chemicals. It is now decided that up to 10% of the value of these scrips will be allowed to be utilized to import components and spares of capital goods imported earlier. Such a dispensation was not available earlier.
At present these scrips are subject to Actual User Condition and are not transferable. Since a status holder may or may not have manufacturing facility, it is now decided to allow limited transferability of SHIS scrip. However, such Transferee shall have to (a) be a status holder and (b) have manufacturing facility.
More info:
https://www.cbec.gov.in/customs/cs-circulars/cs-circ12/circ20-2012-cs.htm
At present these scrips are subject to Actual User Condition and are not transferable. Since a status holder may or may not have manufacturing facility, it is now decided to allow limited transferability of SHIS scrip. However, such Transferee shall have to (a) be a status holder and (b) have manufacturing facility.
More info:
https://www.cbec.gov.in/customs/cs-circulars/cs-circ12/circ20-2012-cs.htm
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Refund Annexure-B
- Liable to deduct tds and 44ADA
- Sale of Equity shares for Purchase of Residential Property
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- ECO SUPPLY REPORTIONG IN GSTR-1
- Is Interest applicable for payment made through credit ledger vide DRC03 for FY 2020-21 & 2021-22
- CCFS 2026 Schemed
- Subscription paid to foreign customer
- Two seprate Invoice needed
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
