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TMI BlogDuty Refund on import of capital equipments if we export goods manufacturedX X X X Extracts X X X X X X X X Extracts X X X X ..... Duty Refund on import of capital equipments if we export goods manufactured X X X X Extracts X X X X X X X X Extracts X X X X ..... - GST X X X X Extracts X X X X X X X X Extracts X X X X ..... China) We want to know how we can take refund of duty paid on import of these equipment's ( as we think there is rule over that if we export 6 times of the duty amount then we can get refund of that ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ). Pls. provide clarity over that. Reply By Ganeshan Kalyani: The Reply: Refer Foreign Trade Policy in this regard . Reply By SHARAD ANADA: The Reply: If you import capital goods under EPCG (Expo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rt Promotion Capital Goods) scheme then in that case you are not going to pay any import duty but at the same time you have to fulfill export obligation which is 6 times of duty saved by you. This exp ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ort obligation is to be fulfilled in 6 year time with 50% obligation in 4 year time. Suppose you saved duty of RS. 50 lakh then your export obligation will be ₹ 3 crore i.e. 6 times of 50 lakh ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... There is no refund facility under custom act or GST act for purchase under EPCG
Reply By KASTURI SETHI:
The Reply:
I support the views of Sh.Sharad Anada Ji. X X X X Extracts X X X X X X X X Extracts X X X X ..... ..... X X X X Extracts X X X X X X X X Extracts X X X X
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