Do retail companies are eligible to claim sales as deemed exports made inside their stores by accepting international credit cards. Do such sales qualify under Export promotion capital goods scheme (EPCG). Request someone to clarify.
regards
sundar
Menu
Duty exemption
Replies (1)
No.
In fact these are not export of goods. In fact the goods may not have crossed boundary of the country. Say, for example a foreign citizen may buy something, and consume that in india. It does not become a export merely because payment has been made in foreign exchange. It is not export of goods.
Off course, such benefit has been extended by government to some sectors, notably tourism where export encentive, including EPCG is available based on receipt in foreign exchange. These benefits are not available to retail sector.
Recent Topics :
- Paper 6 - IBS
- Chhath Puja 2026 Dates Timing Tithi
- Tax Benefit on Second Property
- IPO application checklist: 18 rules that decide wh
- NSE IPO Price, GMP, Allotment Date and Listing
- Gst tax rate
- Cash deposited by customer
- CAPITAL GAIN REG
- Built a simple tool to automate client document fo
- Capital Gain on Sale of SRA Allotted Flat Received
Related Topics :
CAclubindia
