Clearance of Input as such for export
This query is : Resolved
16 April 2009
Dear Sirs
Can we get export benefit under Central Excise if the input is cleared as such? The export is to Nepal and the payment is to be made in convertable foreign exchange or against rupee payemnt.Product is Disel Generating Set. If yes,what is the procedure?
Regards
Tapas
Can we get export benefit under Central Excise if the input is cleared as such? The export is to Nepal and the payment is to be made in convertable foreign exchange or against rupee payemnt.Product is Disel Generating Set. If yes,what is the procedure?
Regards
Tapas
16 April 2009
Yes on the face you will avail benefit but i dont know the exact procedure.
16 April 2009
Yes, exports are allowed under bond without payment of duty if (a) payment is to be received in convertible foreign exchange or (b) export of specified capital goods to Nepal. The procedure and conditions are given in Notification No. 45/2001-CE (NT) dated 26.06.2001.
In the above case you may get refund of excise duty/service tax paid on inputs will be possible, if you have not availed any CENVAT credit in this regard.
hanumatha@gmail.com
In the above case you may get refund of excise duty/service tax paid on inputs will be possible, if you have not availed any CENVAT credit in this regard.
hanumatha@gmail.com
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Import license renewal
- GST ON EXPORT COMMISSION
- Inventory of finished goods
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
Trending Online Classes
CAclubindia
