Search Result for : Export Goods

The Dollar Business Bureau Engineering Export Promotion Council (EEPC) of India said on Monday that after the implementation of Goods and Services Tax (GST), shipping companies are facing problems as their refunds for drawback will not be issued till end of September or October. In addition, the supply of goods from domestic tariff zones (DTZs) to export-oriented units (EOUs) are not taken as ‘deemed exports’ under the new tax regime, which resulted in denying duty free imports of inputs under the Government’s scheme of Advance Authorisation, EEPC said in a statement. Moreover, the exporters will be paying basic customs duty, Integrated GST and cesses for the goods imported that are used for supply to EOUs. The exporters are entitled for input tax credit of IGST only. The basic ...

Dated 5th January, 2017 | Copy of | Notification No.1/2017-Customs (N.T.) |  In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the notification of the Central Board of Excise & Customs No.147/2016-CUSTOMS (N.T.), dated 15th December, 2016, except as respects things done or omitted to be done before such supersession, the Central Board of Excise & Customs hereby determines that the rate of exchange of conversion of each of the foreign currencies specified in column (2) of each of Schedule I and Schedule II annexed hereto, into Indian currency or vice versa, shall, with effect from 06th January, 2017, be the rate mentioned against it in the corresponding entry in ...

Dated 16th March, 2016 | Copy of | Notification No.40/2016-Customs | In exercise of the powers conferred by clause (aa) of sub- section (1) of section 7 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs, hereby makes following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue) number 12/97-CUSTOMS (N.T.), dated the 2nd April, 1997, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R.193(E), dated the 2nd April, 1997, namely:- In the said notification, in the Table, against serial number 15 relating to the State of Uttarakhand, in column (3) after item (i) and the corresponding entry relating thereto in column (4), the following item ...

Dated December 3rd, 2015 | Copy of | Notification No. 136/2015-CUSTOMS (N.T.) |   In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in super session of the notification of the Central Board of Excise & Customs No.112/2015-CUSTOMS (N.T.), dated 19th November, 2015, except as respects things done or omitted to be done before such supersession, the Central Board of Excise & Customs hereby determines that the rate of exchange of conversion of each of the foreign currencies specified in column (2) of each of Schedule I and Schedule II annexed hereto, into Indian currency or vice versa, shall, with effect from 4th December, 2015, be the rate mentioned against it in the ...

Dated November 19th, 2015 | Copy of | Notification No.112/2015-Customs (N.T.) | In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in super session of the notification of the Central Board of Excise & Customs No.106/2015-CUSTOMS (N.T.), dated 5th November, 2015, except as respects things done or omitted to be done before such supersession, the Central Board of Excise & Customs hereby determines that the rate of exchange of conversion of each of the foreign currencies specified in column (2) of each of Schedule I and Schedule II annexed hereto, into Indian currency or vice versa, shall, with effect from 20th November, 2015, be the rate mentioned against it in the corresponding entry ...

Dated 16th February, 2015 |  Circular No.29/2015-Customs  | F.No.609/98/2015-DBK Government of India Ministry of Finance, Department of Revenue Central Board of Excise & Customs New Delhi   All Industry Rates of Duty Drawback and other Duty Drawback related changes - reg. The revised All Industry Rates (AIR) of Duty Drawback has been notified vide Notification No.110/2015-Customs (N.T.), dated 16.11.2015 which comes into force on 23.11.2015. These AIRs broadly take into account certain broad average parameters including, inter alia, prevailing prices of inputs, input output norms, share of imports in input consumption, the rates of central excise and customs duties, the factoring of incidence of service tax paid on taxable services which are used as input services in the manufacturing or processing of ...

6.19 Export through Other Exporters An EOU / EHTP / STP / BTP unit may export goods manufactured / software developed by it through other exporter, or any other EOU / EHTP/ STP / BTP / SEZ unit subject to condition that: (a)   Goods shall be produced in EOU / EHTP / STP / BTP unit concerned. (b)   Level of NFE or any other conditions relating to imports and exports as prescribed shall continue to be discharged by EOU / EHTP / STP / BTP unit concerned. (c)     Export orders so procured shall be executed within parameters of EOU / EHTP / STP / BTP schemes and goods shall be directly transferred from unit to port of shipment. (d)   Fulfillment ...

Dated 31st December, 2014 | Circular no. 19/ 2014-Customs | Attention is invited to Board Circular No.22/2012-Customs, dated 07.08.2012 and subsequent Instruction No.3, dated 31.05.2013 on the subject of 24x7 Customs clearance facility at specified sea ports and air cargo complexes for identified categories of import and export goods. 2. Finance Minister has in the Budget Speech for 2014-15 announced that the 24x7 Customs clearance facility would be deepened and extended. Thus, the existing 24x7 Customs clearance facility would be made available to 13 more airports in respect of all export goods and to 14 more sea ports in respect of specified import and export goods. 3. Board has undertaken detailed inter-ministerial consultations to ensure stakeholder participation in making ...