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

APPLICABILITY OF MEIS - LEO DATE JAN 2021- SHIPPING BILL DATE DEC 2020

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Sir Shipping bills filed with customs in December 2020 with intend to claim MEIS. But LEO has given in 1st January 2021. MEIS was available only till 31.12.2021. From 1st January 2021 onwards RoDTEP scheme came to force in place of MEIS i.e. Shipping bills filed from 01.01.2021 onwards. In our case, the shipping bill date is Dec.2020 and the date of LEO is Jan2021. If RoDTEP is claimed, Expor .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ters are required to declare their intention to claim RoDTEP against each item in shipping bills. In our case it was not there since the shipping bills were filed in Dec 2020. However, our intention to claim MEIS declared in the shipping bill. Our queries In the above situation, which is the reward scheme we have to claim (MEIS or RoDTEP)? Whether LEO date or Shipping Bill date is relevant to .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... make the application? Whether non-declaration of RoDTEP in shipping bill condonable since Shipping bill date is Dec 2020 and LEO date is 1st Jan 2021? Is there any clarification in this regard that was issued by DGFT or CBIC? Kindly advice - Reply By Shilpi Jain - The Reply = Let export date means the date on which the export customs clearance procedures completed with customs. The PDF ver .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... sion of the Final Let Export Order (LEO) copy of the Shipping Bill is to be communicated through email to the Customs Broker and Exporter. This electronic final LEO copy can be shared with Banks, DGFT etc to serve multiple purposes. So the LEO date will be relevant to decide the eligibility of the scheme. Further, non-mentioning of the RoDTEP due to the above reason is sure condonable and there .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... are quite a few cases of this nature under the MEIS scheme where missing to declare or tick the option in SB has been considered as a procedural aspect and the incentive has been provided. - Reply By raghunandhaanan rvi - The Reply = Ms. Shilpi Jain Ji Thank you so much for your valuable guidance. - APPLICABILITY OF MEIS - LEO DATE JAN 2021- SHIPPING BILL DATE DEC 2020 - Query Started By: - r .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... aghunandhaanan rvi Dated:- 16-10-2021 Customs - Import - Export - Customs - SEZ - Got 2 Replies - Customs - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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