New User   Login      
Tax Management India .com TMI - Tax Management India. Com
Extracts
Home List
← Previous Next →

EPCG query

Customs - Started By: - prakash bose - Dated:- 15-5-2015 Last Replied Date:- 19-5-2015 - Dear sir I wanted to understand, if I purchase shuttleless looms under EPCG from a domestic manufacturer/supplier, do I get refund for CST and entry tax apart from excise duty refund. Also under EPCG do I get refund for import duty applicable on parts used for manufacturing shuttleless looms by my domestic supplier, under deemed exports. It would be great if you can helpthanksPrakash - Reply By ganeshan kaly .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

invalidation letter. Supplies from Domestic Supplier will be treated as Deemed Exports and either the Supplier OR Buyer can claim the TED (Terminal Excise Duty) refund from jurisdictional DGFT Office.Now if the supplier of Looms would like to source parts for manufacture of looms, he has to pay required Excise Duty and the same will be set off against Excise duty leviable on Looms supplies to you under EPCG with invalidation letter. The said duty charged by your looms supplier to you will be cl .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 



|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version