Clarification on requirement of CENVAT declaration as per PN 35 dated 01.03.2011.

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..... All Regional Authorities All Development Commissioners, SEZ All Export Promotion Councils/Commodity Bodies Subject: Clarification on requirement of CENVAT declaration as per PN 35 dated 01.03.2011. Representations have been received from trade and industry seeking clarifications relating to declaration prescribed under Public Notice No.35, dated 01.03.2011 .....

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..... d export drawback, in terms of Para 8.3(b) of FTP , including as per Column B of All Industry Rate of Duty Drawback under Duty Drawback Schedule of Department of Revenue, is not admissible if facility of CENVAT credit/rebate has been availed. This is because if the CENVAT facility/rebate facility has been claimed, then central excise duty component on the inputs is already compensated. However, .....

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..... oes not claim double benefit of CENVAT credit and duty drawback. 6. This issues with the approval of DGFT. (Jay Karan Singh) Joint Director General of Foreign Trade E-mail:jaykaran.singh@nic.in (F.No.01/92/180/85/AM-12/PC VI) - Circular - Trade Notice - Public Notice - Instructions - Office orders Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia .....

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