TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>DGFT Clarifies No Refund of Terminal Excise Duty for Deemed Exports Under Exemption Categories.</h1> The Directorate General of Foreign Trade (DGFT) has issued a clarification regarding the refund of Terminal Excise Duty (TED) for supplies classified as deemed exports, which are initially exempt from excise duties. The circular specifies three categories of such supplies: those under an Invalidation letter issued against Advance Authorisation, those under International Competitive Bidding (ICB), and supplies to Export Oriented Units (EOUs). It emphasizes that providing refunds in these cases undermines financial management and budget discipline, as the taxes should not have been collected initially. Therefore, no TED refund should be processed for these exempted supplies.
TaxTMI 
TaxTMI 
