Subscription   Feedback   New User   Login      
Tax Management India .com
TMI - Tax Management India. Com
Articles Highlights TMI Notes SMS News Newsletters Calendar Imp. Links Database Experts Contact us More....
Extracts
Home List
← Previous Next →

Excise procedure in case domestic procurment of spares/machinery in invalidation of EPCG

Central Excise - Started By: - Narendra Soni - Dated:- 14-1-2016 Last Replied Date:- 17-1-2016 - Dear Experts,Please suggest what procedure is required to do to obtain spares/machinery at NIL rate of duty from domestic supplier under invalidation of EPCG licence.We have invalidation, what are next steps of excise formalities so that our supplier can remove the item without payment of duty.Urgent please. - Reply By Mahir S - The Reply = Soni ji, Please refer to chapter 7 of the Foreign Trade Poli .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

rts but with modification that the removal of the ARE -1 was prescribed to be against the EPCG Authorisation. Further, for the purpose of claiming deemed export benefits, if any, the indigenous supplier shall have to produce documentary evidence substantiating the realization of proceeds from the recipient. - Reply By Narendra Soni - The Reply = Thanks Mihir Ji.But, in case of raw material/Inputs, we arrange annexure I / annexure 45 from our central excise deptt and execute bond with the deptt. .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

(Terminal Excise Duty) Refund can be claimed either by Supplier OR Receiver of goods from the office of respective DGFT as agreed between parties. Receiver of goods has the option to avail CENVAT benefit in case he opts out of claiming the benefit of TED from DGFT. Following documents needs to be submitted with the office of jurisdictional DGFT for claiming TED. Copy of Excise Invoice (CENVAT Copy) in Original with mention of supply against EPCG & Invalidation letter stated on same. Excise .....

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 supplies against EPCG, the same hold goods i.e. ARE-3/CT-1/Annexure-45 against Advance Licence supplies. - Reply By MARIAPPAN GOVINDARAJAN - The Reply = Thanks to Shri Mahir and Sanjay Malhotra. - Reply By Narendra Soni - The Reply = Thanks experts, one more suggetion please - Wheter instaltion certificate is required for domestic procured spares/machines under invalidation of EPCG. - Reply By Narendra Soni - The Reply = Thanks experts, one more suggestion please,- Whether installa .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

pal document remains EPCG only.Capital Goods is to be furnished within a period of 6 months from the date of completion of Import as per Para 5.04 of HBP 2015-20 to the office of DGFT with copy to Central Excise office. - Reply By MUKUND THAKKAR - The Reply = Dear Soni,Installation certificate is required in case of domestic procurement under invalidation of EPCG. Invalidation letter for procurement from indigniously, other procedure is remain same. please obtain the insrallation certificate to .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 

what is new what is new
  ↓     bird's eye view     ↓  


|| 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