Normally, for goods sent abroad for repairs, no tax/duty implication based on value
Business Standard|January 07, 2025
We are merchant exporters.
T N C RAJAGOPALAN
Normally, for goods sent abroad for repairs, no tax/duty implication based on value

We have a customer in UAE, who wants to import at concessional duty under the India-UAE trade agreement and so wants from us a Certificate of Origin (COO) issued by the designated government agency. We observe from the format of COO prescribed in the relevant notification 39/2022-Customs (NT) dated 30th April 2022 that we are required to give the manufacturer's name, address and country. We are afraid that if we give the details of the manufacturer in the COO, the importer will know from whom we procure the goods. Then, there is nothing to stop the buyer from approaching the manufacturer directly. Is there any way we can avoid that?

This story is from the January 07, 2025 edition of Business Standard.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the January 07, 2025 edition of Business Standard.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM BUSINESS STANDARDView All
Business Standard

Production ramp-up, realisations to drive gains for ONGC

Global energy markets are experiencing weaker demand. The strong US dollar is also influencing crude and gas prices.

time-read
3 mins  |
January 09, 2025
2024's record NFO run extends into new year
Business Standard

2024's record NFO run extends into new year

Six equity MFs launched in January so far, with 2 being industry firsts

time-read
2 mins  |
January 09, 2025
46 Million Demat Accounts Added in '24, Tally at 185 mn
Business Standard

46 Million Demat Accounts Added in '24, Tally at 185 mn

The number of dematerialised (demat) accounts in 2024 rose by 46 million, marking an average addition of 3.8 million accounts per month.

time-read
1 min  |
January 09, 2025
Foreign policy begins at home
Business Standard

Foreign policy begins at home

In his latest book, Dhruva Jaishankar explains the origin and meaning of the Sanskrit words Vishwa Shastra, used in the title, as \"treatise of the world\". As he writes, \"For it to be India's world, a Vishwa Shastra is necessary\".

time-read
3 mins  |
January 09, 2025
Business Standard

Metros and riders

Planning requires rethinking for improved outcomes

time-read
2 mins  |
January 09, 2025
Business Standard

A much-needed charge

PM E-Drive could be a game-changer

time-read
2 mins  |
January 09, 2025
India's missing managerial capital
Business Standard

India's missing managerial capital

One of the great things about the periodic visits by marquee Indian-origin chief executive officers (CEOs) such as Alphabet and Google's Sundar Pichai and Microsoft's Satya Nadella is that they leave middle-class Indians basking in the warm glow of reflected glory.

time-read
3 mins  |
January 09, 2025
A Threat to Investment
Business Standard

A Threat to Investment

Retrospective policy changes have previously plunged the economy into uncertainty—now, a similar situation looms again

time-read
4 mins  |
January 09, 2025
Business Standard

Tencent makes biggest buyback in two decades

Tencent Holdings repurchased the most shares in nearly two decades after a selloff sparked by the tech firm's addition to a US blacklist for alleged links to the Chinese military.

time-read
1 min  |
January 09, 2025
Business Standard

What is UK's 'grooming gang' scandal seized on by Musk

Elon Musk, the tech mogul, in a series of vitriolic posts, has accused UK Prime Minister Keir Starmer and other Labour Party lawmakers of enabling Britain's so-called grooming gangs.

time-read
1 min  |
January 09, 2025