EPCG & EOU
This query is : Resolved
07 August 2008
One dealer is setting up a new unit at different place and it will only job-work at that unit ( Raw material will be provided by customer and client will use consumable and its machinery for production). Customer is situated in Maharashtra and it is an EOU. Machinery required for unit II is Imported Machinery. Now we have folloing alternatives:-
a) Get Registered as EOU: We will sale the goods to another EOU and that party will do the export. (Benefits - duty free import of machinery)
b) Apply for EPCG : (Benifits - import of machinery at concessional rate of 3%)
c)Just take regular Excise registration and not to avail any benefits [Drawbacks : We have to pay customs duty (basic & CVD) ]
Sir, please guide about the appropriate alternative that the we should take.
a) Get Registered as EOU: We will sale the goods to another EOU and that party will do the export. (Benefits - duty free import of machinery)
b) Apply for EPCG : (Benifits - import of machinery at concessional rate of 3%)
c)Just take regular Excise registration and not to avail any benefits [Drawbacks : We have to pay customs duty (basic & CVD) ]
Sir, please guide about the appropriate alternative that the we should take.
14 August 2008
Dear Sir,
As per my knowledge, its better to get EPCG, where you will get the concessional rate of 3%, if you have exports then you can complete export obligation, or if u sell to another EOU and they will export, then you can also use their documents for discharge of your export obligation.
As per my knowledge, its better to get EPCG, where you will get the concessional rate of 3%, if you have exports then you can complete export obligation, or if u sell to another EOU and they will export, then you can also use their documents for discharge of your export obligation.
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 Aadhar PAN linking required for opening bank account?
- Applicability
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Where to show the RCM on Rent paid to unregistered landlord
- RCM - commercial rent paid to URP under GST
- TDS NUMBER SURRENDER
- GSTR-3B - Do I file nil when there is no sale but I've bought raw materials
- Legal heir raised refund , but refund issued to the closed account of deceased.
- Gst Sales of FY 2023-24
- Offsetting interest income against derivative trading losses
- My Last working day in current org is in novemebr 2024 but they are asking me to submit IT proof
- Indexation benefit applicability
- SEC 54 OF IT ACT
- Passed group 2 exams under wrong gender
- REQUIREMENT OF 15CB
- QUERY FOR RCM ON RENT
- APPEAL-CIT
- Payable outstanding for years disallowance
- Whether still royalty
- Issue of gst e invoice
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
