Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

Indirect Export through Merchant Exporter

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Indirect Export through Merchant Exporter
Query (Issue) Started By: - CA. Varun Arora Dated:- 24-7-2016 Last Reply Date:- 11-9-2016 Central Excise
Got 5 Replies
Central Excise
Dear Experts, Please resolve my query !! We supplies hospital furniture to Merchant Exporters against CT1 and now i want to know whether we are eligible to take any benefits from the government like duty drawb .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ack or something else. Please suggest, Thanks in advance. Reply By Ganeshan Kalyani: The Reply: Sir, have you paid any Duty while removing goods from your premises. Thanks. Reply By KASTURI SETHI: The Reply: Yes. You can take benefit. Merchant Exporter can take benefit only if you issue disclaimer certificate Merchant Exports - Rebate of duty paid on inputs used in manufacture of export good .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... s to merchant exporters also when goods cleared from factory of manufacturer - Clarifications Circular No. 604/41/2001-CX, dated 29-11-2001 Reply By surya narayana: The Reply: In my view, Export benefits like DBK and other export incentives under FTP are predominantly to the account of Merchant exporter only since he is the ultimate exporter and will be receiving the foreign exchange for that e .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... xport where he pays the agreed price in INR to the supplier in India. However, with regard to Rebate of duty iof any paid on the consignment by the manufacturer supplier at the time of clearance from factory, such rebate can be claimed predominantly by the manufacturer supplier and if the supplier gives a disclaimer certificate then the merchant exporter can claim the rebate. Best Regards Surya .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Reply By YAGAY AND SUN: The Reply: Following are the benefits which can be availed either by the Manufacturer Exporter or Merchant Exporter provided they issue a NOC to each other in case any one of them intent to avail the export incentives. Further, as per mutual understanding any one can get the benefit and share accordingly. * Duty Drawback * MEIS * Service Tax Refund (Notification 41 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... /2012) Reply By Ganeshan Kalyani: The Reply: Sir, while appreciating the views of experts my concern is when goods are supplied in CT1 then whether duty was paid. The querist is requested to cast his reply. Thanks.
Discussion Forum - Knowledge Sharing .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates