CBEC amends circular to aid manufacturers in getting Certificate from Development Commissioner
The Dollar Business Bureau The Central Board of Excise & Customs circular, dated April 10th 2017, has issued a notification with respect to difficulties faced by manufacturers (EOUs/EHTP/STP units) when availing a certificate from the jurisdictional Development Commissioner regarding duty if the manufacturers have procured goods from indigenous sources. The Customs notified that in an earlier notification given via Circular No.74/2001-Cus dated 04.12.2001, it was clarified that in case raw materials/ capital goods etc., procured from indigenous sources by EOUs/EPZ/SEZ/EHTP/STP units are transferred/ sold back to DTA except for the purpose of replacement, the deemed export benefits already availed of against such goods shall be required to be refunded back and that the export benefits shall be deposited through TR in ...
DGFT moots amendments to MEIS to increase exports from the country
The Dollar Business Bureau The Directorate General of Foreign Trade (DGFT) has come with various amendments for the Merchandise Export from India Scheme with a view to achieve the objective of increasing the exports of the country. The amendments are to be incorporated with immediate effect in exercise to the power conferred under the Foreign Trade Policy 2015-20. The amendment one includes the shifting the group of countries from one to another group in order to facilitate better exports. The countries include Norway, Switzerland, Iceland and Liechtenstein from group C to A and Hong Kong from B to C. The second amendment notified a list of forty two products that would be deleted from the MEIS schedule. The deleted products include ...
