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Manner of issue of duty credit for goods exported under the Scheme for Rebate of State and Central Taxes and Levies - duty credit under condition - duty credit ,Cancellation of duty credit, Recovery of amount of duty credit,Recovery of amount of duty credit where export proceeds are not realised - 25/2023 - Customs - Non Tariff

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..... y:- (1) that the duty credit is issued - (a) against exports of garments and made-ups (hereinafter referred to as the said goods) and their respective rate and cap as listed in Schedules 1, 2, 3 and 4 to the notification of Government of India, Ministry of Textiles’ notification No. 14/26/2016-IT (Vol.II), dated the 8th March, 2019 for the Scheme: Provided that the value of the said goods for calculation of duty credit to be allowed under the Scheme shall be the declared export Free on Board (FoB) value of the said goods or up to 1.5 times the market price of the said goods, whichever is less; (b) against claim of duty credit under the Scheme made by an exporter by providing the appropriate declaration at the item level in the shippin .....

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Manner of issue of duty credit for goods exported under the Scheme for Rebate of State and Central Taxes and Levies - duty credit under condition - duty credit ,Cancellation of duty credit, Recovery of amount of duty credit,Recovery of amount of duty credit where export proceeds are not realised - 25/2023 - Customs - Non Tariff

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..... of entry and shipping bill or bill of export to be presented and processed electronically on the customs automated system; (6) that the exporter has realised the sale proceeds against export of goods made earlier by the said exporter where the period allowed for realisation, including any extension of the said period by the Reserve Bank of India, has expired: Provided that duty credit shall be issued by Customs in excess of the ineligible amount of duty credit pertaining to the unrealised portion of sale proceeds against export of goods made earlier: Provided further that if the Principal Commissioner of Customs or Commissioner of Customs has reason to believe, on the basis of risk evaluation or on the basis of enquiry, that the claim of du .....

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Manner of issue of duty credit for goods exported under the Scheme for Rebate of State and Central Taxes and Levies - duty credit under condition - duty credit ,Cancellation of duty credit, Recovery of amount of duty credit,Recovery of amount of duty credit where export proceeds are not realised - 25/2023 - Customs - Non Tariff

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..... credit ledger of such exporter or any duty credit transferred from such e-scrip, during pendency of the enquiry under sub-para (1). 4. Recovery of amount of duty credit.- (1) Where an amount of duty credit has, for any reason, been allowed in excess of what the exporter is entitled to, the exporter shall repay the amount so allowed in excess, himself or on demand by the proper officer, along with interest, at the rate as fixed under section 28AA of the said Act for the purposes of that section, on that portion of duty credit allowed in excess, which has been used or transferred, and where the exporter fails to repay the amount along with interest, as applicable, it shall be recovered in the manner provided in section 142 of the said Act. 5 .....

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Manner of issue of duty credit for goods exported under the Scheme for Rebate of State and Central Taxes and Levies - duty credit under condition - duty credit ,Cancellation of duty credit, Recovery of amount of duty credit,Recovery of amount of duty credit where export proceeds are not realised - 25/2023 - Customs - Non Tariff

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..... the said interest, in the manner as provided in section 142 of the said Act. 6. During the pendency of any recovery, as provided in paras 4 and 5, no further duty credit, on any subsequent exports, shall be allowed to such exporter till the time such recovery is made and any unutilised duty credit with the exporter shall be suspended pending such recovery. Explanation - For the purposes of this notification, - (a) “claim” means a claim of duty credit under the Scheme made by an exporter in the shipping bill or bill of export by providing the appropriate declaration at the item level in the said shipping bill or bill of export in the customs automated system; (b) “duty credit” means the amount of credit of duty allow .....

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Manner of issue of duty credit for goods exported under the Scheme for Rebate of State and Central Taxes and Levies - duty credit under condition - duty credit ,Cancellation of duty credit, Recovery of amount of duty credit,Recovery of amount of duty credit where export proceeds are not realised - 25/2023 - Customs - Non Tariff

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..... y exports that are originating in third country but transshipped through India 4. Goods subject to minimum export price or export duty 5. Deemed exports under Foreign Trade Policy 6. Goods manufactured or exported by any of the units situated in Special Economic Zone/ Free Trade Warehousing Zone/ Export Processing Zone 7. Goods manufactured or exported by a unit licensed as hundred per cent Export Oriented Unit 8. Goods exported under Advance Authorisation or Duty Free Import Authorisation issued under the relevant Foreign Trade Policy: Provided that where exports are made against Special Advance Authorisation issued under paragraph 4.04A of the Foreign Trade Policy, 2023 in discharge of export obligations in terms of notification No. 27/20 .....

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Manner of issue of duty credit for goods exported under the Scheme for Rebate of State and Central Taxes and Levies - duty credit under condition - duty credit ,Cancellation of duty credit, Recovery of amount of duty credit,Recovery of amount of duty credit where export proceeds are not realised - 25/2023 - Customs - Non Tariff

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