TaxTMI 
TaxTMI 
Electronic Hardware Exports - Simplification of Procedure
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....egarding The Export Promotion Board has been examining problems of Export production and export clearance regularly under the Chairmanship of the Cabinet Secretary. A number of Sectors specific problems were raised in the meeting on 3rd Sept., 1997. These have been examined and it has been decided by the Board as under : 1. There has been request to enable freight consolidation at the time o....
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....plex. Parallel provisions also exist in Central Excise Notification No. 1/ 95-CE dated 4.1.1995. 3. There have been problems regarding quick disposal of scrapped raw-materials. It is verified that the scrapped or rejected raw material can be re-exported from such units with the permission of the AC. Such materials can also be cleared into DTA on payment of duty with the permission of Developmen....
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....HTP complex. 5. There have been requests to allow replacement of defective exported goods prior to re-import of the originally supplied goods or without re-import of the defective goods. The Department would have no objection if free replacement of the defective exported goods is sent by the importer, provided the exporter submits the GR waiver from the RBI if the shipping bill is not accompani....
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....xed by the IMSC Committee set up for the approval of these units. Therefore, if the said Committee permits clearance of the said software into DTA, the Customs would have no objection. Presently there is nil rate of import duty on the software and, therefore, it would have no revenue risk. However, as per the EXIM Policy the electronic hardware products may be sold into DTA either up to the gra....