Urgent - duty drawback on import as deemed export
This query is : Resolved
suhasgedam
(Querist)
31 January 2012
Dear Sir,
My self Suhas Deshmukh.
We are import machinery and sale to customer against EPCG licience. customer expect we made invoice without duty. but my problem is if we supplies imported machinery to customer without duty charged.
Can we eligible to take duty drawback which we had duty paid at the time of Import. please advise urgently.
Thanks
Suhas
suhasgedam@hotmail.com
My self Suhas Deshmukh.
We are import machinery and sale to customer against EPCG licience. customer expect we made invoice without duty. but my problem is if we supplies imported machinery to customer without duty charged.
Can we eligible to take duty drawback which we had duty paid at the time of Import. please advise urgently.
Thanks
Suhas
suhasgedam@hotmail.com
RAMESH KUMAR VERMA
(Expert)
01 February 2012
The Suppliers of the goods under ‘Deemed Exports’ should make application to the regional licensing authority concerned claiming the benefits of ‘Deemed Exports’. The applications should be made in the forms given in Appendix 17 of ‘Hand Book of Procedure’s of export and Import Policy, along-with documents prescribed therein.
In respect of supply of capital goods to EPCG license holder, the supplier shall be entitled to the benefits stated above except, however, that the benefit of Special Imprest License or Deemed Export Drawback Scheme shall be available only in case of supplies made to Zero duty EPCG license holder.
MORE INFORMATION:
https://www.taxindiaonline.com/RC2/exim_policy/exim2002/eximprocedures/expro8.pdf
In respect of supply of capital goods to EPCG license holder, the supplier shall be entitled to the benefits stated above except, however, that the benefit of Special Imprest License or Deemed Export Drawback Scheme shall be available only in case of supplies made to Zero duty EPCG license holder.
MORE INFORMATION:
https://www.taxindiaonline.com/RC2/exim_policy/exim2002/eximprocedures/expro8.pdf
suhasgedam
(Querist)
20 February 2012
thanx Sir. for ur valuvable information.
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
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Taxation of crypto futures in India Fy 2026- 2027
- EPF ECR NEW RULES Sep 17th 2026
- Issuing of delivery challan by seller of goods
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
