Terminal excise duty
This query is : Resolved
19 June 2010
Sirs,
Please explain the term "Terminal excise duty". And procedure for the refund of that.
Thank you..
Please explain the term "Terminal excise duty". And procedure for the refund of that.
Thank you..
21 June 2010
DEAR DHANI ,
the individual exporters as well as clarifications sought by different regional licensing authorities with regard to availability of deemed exports benefits for supply of goods/services to Civil Constructions projects.
The issue whether supply of goods/services to Civil Construction project should be entitled for deemed export benefits or not has It is clarified that supply of goods para 10.2 (d) of Exim Policy are entitled for deemed exports benefits. Therefore, if within the scope of a work of Turn Key Civil Construction Project, supply of goods is also included then supply of such goods shall be entitled for deemed exports benefits, if otherwise admissible. However, services portion of civil construction work even in a Turn Key Project would not be eligible for deemed export benefits.
Supply of goods will be eligible for refund of Terminal Excise Duty in terms of para 8.3 (2004-2009)
(c) of FOREIGN TRADE Policy provided the recipient of the goods does not avail CENVAT credit /rebate on such goods. Similarly, supplies will be eligible for deemed export drawback in terms of para 8.3(b) of Policy on the Central Excise paid on inputs /components, provided CENVAT credit facility/rebate has not been availed by the applicant. Such supplies will however be eligible for deemed export drawback on the customs duty paid on the inputs/components.
and APPENDIX-35 IS AVAILABLE FOR TED REFUND DUTY.
WHICH CAN ATTACHED IN "FORUM" PORTAL .
SO PLEASE COME IN FORUM PORTAL AND ATTACHED AFTER QUERY.
REGARDS,
RAMESH VERMA
the individual exporters as well as clarifications sought by different regional licensing authorities with regard to availability of deemed exports benefits for supply of goods/services to Civil Constructions projects.
The issue whether supply of goods/services to Civil Construction project should be entitled for deemed export benefits or not has It is clarified that supply of goods para 10.2 (d) of Exim Policy are entitled for deemed exports benefits. Therefore, if within the scope of a work of Turn Key Civil Construction Project, supply of goods is also included then supply of such goods shall be entitled for deemed exports benefits, if otherwise admissible. However, services portion of civil construction work even in a Turn Key Project would not be eligible for deemed export benefits.
Supply of goods will be eligible for refund of Terminal Excise Duty in terms of para 8.3 (2004-2009)
(c) of FOREIGN TRADE Policy provided the recipient of the goods does not avail CENVAT credit /rebate on such goods. Similarly, supplies will be eligible for deemed export drawback in terms of para 8.3(b) of Policy on the Central Excise paid on inputs /components, provided CENVAT credit facility/rebate has not been availed by the applicant. Such supplies will however be eligible for deemed export drawback on the customs duty paid on the inputs/components.
and APPENDIX-35 IS AVAILABLE FOR TED REFUND DUTY.
WHICH CAN ATTACHED IN "FORUM" PORTAL .
SO PLEASE COME IN FORUM PORTAL AND ATTACHED AFTER QUERY.
REGARDS,
RAMESH VERMA
26 June 2010
Please.. sirs
I need more clarifications Basic & Broad explanations
I need more clarifications Basic & Broad explanations
30 June 2010
Hello dhani,
for more clarification & Explanation Pl. see Handbook of Procedure & Foreign Trade Policy.
for more clarification & Explanation Pl. see Handbook of Procedure & Foreign Trade Policy.
30 June 2010
agree with Himanshu ji
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