Advance-ruling mechanism governs pending GST classification, exemption and taxability disputes, limiting writ review once the specialised forum functi...
Charitable trust income application permits verified capital expenditure but rejects deferred pre-operative claims and requires reconsideration of con...
Reinsurance premium deductions require established regulatory breaches, while independently acquired software qualifies within the computer depreciati...
This trade notice clarifies that obtaining a Registration-Cum-Membership Certificate (RCMC) is not mandatory for exporters to claim benefits under post-export remission-based schemes like Duty Drawback, Rebate of State and Central Taxes and Levies (RoSCTL), and Remission of Duties and Taxes on Export Products (RoDTEP) under the Foreign Trade Policy (FTP) 2023. These schemes aim to remit duties or taxes on exported goods. However, an RCMC is required for exporters applying for authorizations to import/export or seeking other benefits/concessions under the FTP, except for restricted items. The notice clarifies the specific requirements for obtaining an RCMC to avail benefits under different schemes outlined in the FTP 2023.
This trade notice clarifies that obtaining a Registration-Cum-Membership Certificate (RCMC) is not mandatory for exporters to claim benefits under post-export remission-based schemes like Duty Drawback, Rebate of State and Central Taxes and Levies (RoSCTL), and Remission of Duties and Taxes on Export Products (RoDTEP) under the Foreign Trade Policy (FTP) 2023. These schemes aim to remit duties or taxes on exported goods. However, an RCMC is required for exporters applying for authorizations to import/export or seeking other benefits/concessions under the FTP, except for restricted items. The notice clarifies the specific requirements for obtaining an RCMC to avail benefits under different schemes outlined in the FTP 2023.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4786
Join Channel
TaxTMI 
