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 Threads
- A Restaurant registered under the Composition Sche
- GST RATE OF OUT DOOR CATERING
- Non resident taxation & income tax in India
- GST Rate for oral Hygiene Combo Pack
- GST registration - Address error
- TDS on property pu
- Import of goods IMS action related
- Incometax Survey - Updated Return Filing after the
- TCS under 206C(1F)
- Effect on Cost of Control when Bonus Issue is from
Related Threads
CAclubindia
