22 January 2009
Can any one tell me what is the notification for TERMINAL EXCISE DUTY (TED), because we are claiming to TED from JDGFT, for that we have to take supplier invoices duly attested by central excise range authority.
Then the problem started for me, i.e. I know the procedure for claiming TED, but excise person was asking "Show me the notification of TED, that DGFT will refund the excise amount to the buyer (aganist EPCG licence).
Hence I request you to provide me the notification of rules of TED (that means how the TED was born). Hope its clear that what i explained.
30 January 2009
Terminal excise duty is refunded under Chapter 8 of the Foreign Trade Policy. Earlier, self attested invoice was sufficient, but last year a public notice was issued by DGFT which said that Central Excise should attest the invoice. To get a copy of the public notice go to DGFT web site and serch the public notice.
CAclubindia
