Home Highlights August 2011 Year 2011 This

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1. Filing of applications for DEPB in cases of exports made under “EPCG Shipping Bills” for items “Cotton yarn including Melange yarn” from 01.04.2011 to 04.08.2011 and...

2. Filing of applications for DEPB to the RA concerned with “Free Shipping Bills” for exports of “Cotton yarn including Melange yarn” made from 01.04.2011 to 04.08.2011 and...

3. Availability of DEPB benefit on export of Cotton. – Circular 68 /2009-2014(RE 2010) Dated: August 4, 2011

4. Captive Consumption - Benefit of exemption - Since the appellant has got their goods manufactured/yarn dyed from job worker; in these circumstances, the job worker is...

5. Benefit of exemption notification -EOU - export of cotton waste generated in manufacturing of cotton yarn - the cost of production of the finished goods invariably...

6. No revalidation will be granted to RCs for cotton and cotton yarn.

7. Issues relating to export of computer software Direct tax benefits -Clarification reg. - Circular

8. Rate of Tax - Yarn - this being an exemption clause, strict interpretation has to be given to such exemption clause, and there is no room for any liberal interpretation...

9. Exemption of Tax – Export of cotton Yarn - Notice of pre-assessment - the notification leaves no restriction as to the subject of export to condition the grant of exemption - HC

10. The Circulars like Circular No.74/1999-Cus dated 05.11.1999 as well as the Circular No.31/2000-Cus dated 20.04.2000 could not have restricted or denied the benefit of...

11. Benefits of exemption - The Hank Yarn of others types of Yarns like Silk for Handloom Kancheepuram and Banarasi Silk Sarees, Khadi Slik, Linen fabric are also used by...

12. 100% EOU - the waste generated during the manufacturing process of cotton blended yarn - predominating factor is of cotton waste, and waste is classifiable under Chapter...

13. Clearance of goods to DTA by an EOU - cotton yarn was manufactured out of indigenous cotton and imported wax, as wax was contained in the final product (yarn) - benefit...

14. Classification of services - Synthetic Filament Yarn - The moment the yarn is of multifilament nature, it goes out of Heading 5402. Therefore, as far as the tariff...

15. Export of Goods and Software – Realisation and Repatriation of export proceeds – Liberalisation - Circular