Global Tax Guru: #ForeignTradePolicy2015-20 #MEIS The debits towards basic customs duty in the transferable reward duty credit scrips would also be allowed adjustment as duty drawback.

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Friday, April 03, 2015

#ForeignTradePolicy2015-20 #MEIS The debits towards basic customs duty in the transferable reward duty credit scrips would also be allowed adjustment as duty drawback.

Rewards for export of notified goods to
notified markets under ‘Merchandise Exports
from India Scheme (MEIS) shall be payable as
percentage of realized FOB value (in free
foreign exchange).

The debits towards basic
customs duty in the transferable reward duty
credit scrips would also be allowed
adjustment as duty drawback. At present,
only the additional duty of customs / excise
duty / service tax is allowed adjustment as
CENVAT credit or drawback, as per
Department of Revenue rules.

Global Tax Guru

what we do

Friday, April 03, 2015

#ForeignTradePolicy2015-20 #MEIS The debits towards basic customs duty in the transferable reward duty credit scrips would also be allowed adjustment as duty drawback.

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