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FREE TRADE & WAREHOUSING ZONES

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..... Respected Forum, I am exporter availing Duty Draw Bank and M.E.I.S. benefit. One of my foreign buyer is registered in FTWZ. Supplies made by me in FTWZ will be considered Deemed Export. My queries:- Will i be entitled for Duty Drawback and M.E.I.S. benefit on the supplies made in FTWZ. Please let me know the procedure also. Thanks and regard - Reply By Ramaswamy S - The Reply = Clearan .....

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..... ce to FTWZ is a physical export as per the SEZ Act and the regular export procedure under rule 18 or 19 be followed. Duty Drawback is eligible as per the law. MEIS is also eligible as per the law. However, there are practical difficulties in claiming the same. - Reply By YAGAY AND SUN - The Reply = Please check MEIS Ineligible List on this matter. - Reply By Himansu Sha - The Reply = .....

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..... Ineligible categories 1) EOU/EHTP/BTP/STP who are availing direct tax benefits/ exemption 2) Supplies made from DTA units to SEZ units 3) Exports of imported goods covered under para 2.46 of FTP 4) Exports through transhipment (goods originating in third country but transhipped through India) 5) Deemed exports 6) SEZ/EOU/EHTP/BT .....

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..... P/FTWZ products exported through DTA units 7) Items which are restricted/prohibited for export under schedule 2 of Export Policy in ITC (HS) unless specifically notified in Appendix B 8) Service export 9) Red sanders/beach sand 10) Export products which are subject to Minimum Export Price or export duty 11) Diamond, gold, silver, platinum, other precious m .....

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..... etals in any form, including plain and studded jewellery and other precious and semi-precious stones. 12) Ores and concentrates of all types 13) Cereals of all types 14) Sugar of all types and all forms 15) Crude/petroleum oil and crude/primary and base products of all types and all formulations 16) Export of milk/milk products 17) Export of meat and .....

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..... meat products 18) Products wherein precious metal/diamond are used or articles which are studded with precious stones 19) Exports made by units in Free Trade Warehousing Zones - Reply By Ramaswamy S - The Reply = Thanks. MEIS is not eligible for export from DTA to SEZ (including FTWZ), Exports made by units in FTWZ Regards S.Ramaswamy - Reply By MARIAPPAN GO .....

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..... VINDARAJAN - The Reply = Good query and best answers. - FREE TRADE & WAREHOUSING ZONES - Query Started By: - Ashok Chopra Dated:- 17-3-2017 Customs - Import - Export - Customs - SEZ - Got 5 Replies - Customs - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITa .....

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