We have given a composite offer for the goods as well as the services, like in a works contract. When we export, can we claim duty drawback and Rodtep (Remission of Duties and Taxes on Exported Products) on the total payment that we get in foreign exchange?
No. Drawback and Rodtep will be available only against export of goods. At the time of export of goods, you must declare the value of the goods in the shipping bill. When you receive the payment from the foreign party, you must inform your bank the amount that represents the proceeds against export of goods and follow the usual process to generate the e-BRC. The amount that represents the payment for services will not earn any drawback or Rodtep for you.
Can we avail of advance authorisation, duty drawback and Rodtep on the same shipment?
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Denne historien er fra December 24, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Caramelised popcorn in theatres may stay in 5% slab
Single rate on sale of all old, used vehicles, including EVs
Indo Farm Equipment listing to open for subscription on Dec 31
Indo Farm Equipment on Tuesday fixed a price band of ₹204 to ₹215 per share for its initial share sale that opens for public subscription on December 31.
HDFC Bank's growth engine ready to roar into overdrive from FY26
After the merger, HDFC Bank has performed quite well, with an in-line performance in the July-September quarter (Q2) of 2024-25 (FY25).
Mkts settle flat in volatile trade
Benchmark indices Sensex and Nifty ended on a flat note in a volatile trade on Tuesday, as investors preferred to stay on the sidelines awaiting further triggers amid persistent foreign fund outflows.
Senores outshines the pack; Carraro crawls, Ventive soars
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Angel One MF sets its sights on passive edge
Passive-only fund house to leverage online, traditional channels
10 funds on thin ice under IFSCA's watchful gaze
Regulator draws line in sand for funds failing to meet 'substance' requirements
Middle-class strain on consumption
In recent weeks, a slowdown in private consumption has dominated headlines.
Four big promises
Budget 2025 will have achieved a lot if it fulfils the promises made in July 2024
History without context
This is a difficult work to describe, leave alone classify. Take the title. It suggests that the author's great-grandfather (the titular character) had possibly a consequence comparable to that of the Mohan, Mahatma Gandhi, as far as the British Empire was concerned. It doesn't take the reader long to discover the presumptuousness of it, since Mohanlal Killawala was nothing of that ilk; he was a mere blip in the Empire in the Indian Ocean and does not merit even a footnote.
