Hello,
With launch of MEIS & SEIS merging existing 5 schemes (FPS,FMS,MLFPS,AIIS,VKGUY), can we claim Duty Drawback (AIR duty drawback or Brand rate of drawback) & MEIS benefit both at the same time for export?
Menu
Export benefit query
Replies (5)
Yes. Both are different incentives given for different purposes and are not mutually exclusive.
Yes you can. Authority granting such incentives are different and for different purposes
Duty drawback scheme is a scheme which is supposed to neutralise the tax impact sufferred by the product through all its stages. As tax cannot be exported, this scheme is envisaged.
MEIS/ SEIS are pure incentives given by Govt to encourage and make exports competitive.
They are mutually exclusive.
As on date one can also claim the incentives of Focus Market Scheme or Focus product scheme and Inceremental export incentive schemes if eligible for benefits earned upto 31.3.2015. There are some time limits + some amount deducted for late filing.
Yes you can do so. Just make proper disclosure and the Drawback will not be rejected.
Hi,
Whether multiple application can be made under SEIS for same financial year.
Recent Topics :
- Representative assessee
- Investment Income as Business Income for Sec. 44AD
- In ITR 4 u/s 44ADA what amount we shoud show under
- Salary expenses how to treat
- Pos related issue
- Gift of unlisted shares to friend upon marriage
- Utilising Section 54(F) for capital gains reinvest
- GST ewaybill closure and Bill to ship to GST numbe
- TDS ON PARNTER INTEREST
- Share important chapters of ca inter costing
Related Topics :
CAclubindia
