29 December 2012
Can we get duty drawback or other rebate of custom duty on imported material when this material (without making any process/ as it is) is supplied to SEZ from domestic market.
29 December 2012
Deemed Exports are supplies that do not leave country, are paid in Indian Rupees, but are still deemed to have been exported, because they compete with the duty free imports. They are eligible for almost all benefits of physical exports but not for DEPB/FMS/FPS/SFIS and Sales Tax. The benefits of Advance Authorization / DFIA / EPCG (Export Promotion Capital Goods) and Drawback are available on inputs, while Exemption from or refund of Excise Duty is available on output.
CAclubindia
