TaxTMI 
TaxTMI 
Duty Refund on import of capital equipments if we export goods manufactured
X X X X Extracts X X X X
X X X X Extracts X X X X
....uty Refund on import of capital equipments if we export goods manufactured<br> Query (Issue) Started By: - CABIJENDERKUMAR BANSAL Dated:- 29-3-2019 Last Reply Date:- 30-3-2019 Goods and Services Tax -....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... GST<br>Got 3 Replies<br>GST<br>Dear Sir, We are going to import some equipment's from Outside India in Chennai Plating plant:- * Filter (from Japan) * Rectifier (from China) * Heat Pump (from ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....China) We want to know how we can take refund of duty paid on import of these equipment's ( as we think there is rule over that if we export 6 times of the duty amount then we can get refund of that)....
X X X X Extracts X X X X
X X X X Extracts X X X X
..... Pls. provide clarity over that. Reply By Ganeshan Kalyani: The Reply: Refer Foreign Trade Policy in this regard . Reply By SHARAD ANADA: The Reply: If you import capital goods under EPCG (Expor....
X X X X Extracts X X X X
X X X X Extracts X X X X
....t Promotion Capital Goods) scheme then in that case you are not going to pay any import duty but at the same time you have to fulfill export obligation which is 6 times of duty saved by you. This expo....
X X X X Extracts X X X X
X X X X Extracts X X X X
....rt obligation is to be fulfilled in 6 year time with 50% obligation in 4 year time. Suppose you saved duty of RS. 50 lakh then your export obligation will be ₹ 3 crore i.e. 6 times of 50 lakh T....
X X X X Extracts X X X X
X X X X Extracts X X X X
....here is no refund facility under custom act or GST act for purchase under EPCG Reply By KASTURI SETHI: The Reply: I support the views of Sh.Sharad Anada Ji.<br> Discussion Forum - Knowledge Sharing ....
X X X X Extracts X X X X
X X X X Extracts X X X X
........