Which type of excise/custom duty benefits during export

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

02 March 2013
Dear Sir,

We are manufacture of oil well equipments (Engg. units) and now we would like to export our oil well equipments in USA market in the new coming F.Y. 2013-14 A.Y. 2014-15, so let us know what types of Excise Duty/custom Duty benefits are available in the EXIM policy, so we shall enable to take all types of benefits in export. Please also give us the details of FORM's use in documentaion during export.

We hope you will solve our query & oblige.
Thanks & Regards,

Gopal Sharma

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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02 March 2013 The Government of India provides various incentives & facilities to the exporter. These export incentives and facilities are as follow.
* Duty Drawback (DBK)
* Duty Entitlement Passbook Scheme (DEPB)
* Focus Market Scheme (FMS)
* Focus Product Scheme (FPS).
* Duty Exemption Scheme
* Vishesh Krishi and Gram Udyog Yojna (VKGUY)
* Marketing Development Assistance (MDA)
* Export Promotion Capital Goods Scheme
* Served from India Scheme
* Exchange earner Foreign Currency Account (EEFC A/C)

The duty drawback refers to the refund in respect of central Excise & Custom duties paid by manufacturer and/or exporter in relation to the inputs used for manufacturing of the products. Duty drawback is not applicable in the respect of a product if
(a)- No excise/custom duties were paid for its manufacturer and/or exporter.
(b)- Amount of the drawback is less then 1 % of FOB value.(except where the amount of drawback is more than Rs 500 per shipment)
(c) - manufacturer and/or exporter is by 100% EOU/EPZ/SEZ Units.
(d)- If manufacturer and/or exporter apply for duty entitlement pass book scheme withdrawal right Now wef 30.09.2012

MUST READ:

http://www.cbec.gov.in/excise/cx-act/notfns-2k4/cent19-2k4.htm

Querist : Anonymous

Querist : Anonymous (Querist)

02 March 2013 Dear sir,

Thanks for your reply and like to inform you that we have no reg. in excise i.e. we have no ECC No.becuse no sufficent turn over of the unit,so we can export the material against any claim of duty or payment of duties? we have IEC No.only.

Pls. favour to reply us to enable us to follow the same & oblige.

Thanks & Regards,

Goapl Sharma

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RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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02 March 2013 WHAT IS YOUR EXPORT ITC CODE SO THAT CONFIRM YOU INCENTIVE ON EXPORT.

Querist : Anonymous

Querist : Anonymous (Querist)

02 March 2013 Dear Sir,

our export ITC code is 84314990 for oil well equipments like packer which is use in oil well industrie & oblige.

Thanks & Regards,
Gopal Sharma