Just a moment...

Report
FeedbackReport
Bars
Logo TaxTMI
>
×

By creating an account you can:

Feedback/Report an Error
Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters0/2000
TMI Blog
Home / RSS

Drawback benefits for DTA supplies to SEZ units

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....rawback benefits for DTA supplies to SEZ units<br> Query (Issue) Started By: - Swagath S Dated:- 8-6-2020 Last Reply Date:- 8-6-2020 Other Topics<br>Got 1 Reply<br>Indian Laws<br>Dear Sir, Rule 24 of....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... SEZ Rules provides for drawback benefits to supplies by DTA unit to SEZ units. Further, Rule 30 of SEZ Rules, provides for procedures for supplies from DTA unit to SEZ unit which also prescribes tha....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....t the payment for such supply shall be received from foreign currency account. As per the above, can drawback be claimed even though the payment from the SEZ unit is received in INR. ? Whether it ca....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....n be argued that requirement of payment in foreign currency is procedural in nature and is condonable.?? Thank you Regards Swagath S Reply By YAGAY andSUN: The Reply: No it is not a procedural in....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... nature but it is a statutorily mandatory requirement to get the remittance in foreign currency if goods are being supplied from DTA to SEZ for seeking export benefits and incentives.<br> Discussion F....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....orum - Knowledge Sharing ....