We are exporting a product in which we have used components imported under advance authorisation and also duty-paid imported materials and indigenously manufactured components. Can we claim drawback on complete exported products or on only the imported duty paid and indigenously manufactured components? How can we make the claim and at which rate?As per Para 4.15 of FTP, "drawback as per rate determined and fixed by Central Excise authority shall be available for duty paid imported or indigenous inputs (not specified in the norms) used in the export product. For this purpose, applicant shall indicate clearly details of duty paid input in the application for Advance Authorisation." Also, note that as per Para 4.08 of FTP, you must take into account the value of any input used, on which benefit of DBK is claimed or intended to be claimed for value addition calculation. At the time of export, you should file a DEEC-cum-DBK shipping bill. Thereafter, you should file the application for fix
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A website where some foreign companies place their advertisements is covered under Rule 9(b) of the Place of Provision of Services Rules, 2012
We are merchant exporters and have received a transferable LC. As the first beneficiary, we have transferred the LC in favour of our supporting manufacturers, the second beneficiary. They will ship the goods and present the documents to the transferring bank. We will substitute our invoices for negotiation. The negotiating bank will collect the proceeds from the LC-issuing bank and disburse the proceeds between us and the supporting manufacturer. Our question is: who will be treated as the exporter by the authorities -- we or the supporting manufacturer?As per Article 14(k) of UCP 600, "the shipper or consignor of the goods indicated on any document need not be the beneficiary of the credit." So, you must ask the supporting manufacturer to mention your name as the shipper in the bill of lading. Secondly, you should ask the supporting manufacturer to file the shipping bill giving his name and address and stating that the export is on your behalf and mention your name and address. In tha
Since the service is in relation to the immovable property located in the taxable territory, service tax is payable by the service provider
'Site' means any premises made available for manufacture of goods by way of a specific mention in contract
The Trade Notice makes it clear in the new FTP 2015-20