Daily Archives: July 19, 2017

Drawback after GST regime

By | July 19, 2017

Drawback after GST regime 1. For a transition period of three months i.e. 1.7.2017 to 30.9.2017, composite rates of All Industry Rate (AIR) drawback are available to exporters. I. These composite rates are subject to certain conditions during transition period that ensure that input credit /refund under GST and drawback of composite rates are not… Read More »

GST : No exemptions for unutilized EXIM scrips

By | July 19, 2017

Question : What will be exemptions available for various authorizations/scrips which have been issued prior to 1.7.2017 and remain unutilized on 1.7.2017? Answer: No exemption under GST Law is provided. The EXIM scrips under the export incentive schemes of chapter 3 of FTP (for example MEIS and SEIS) can be utilised only for payment of… Read More »

Category: GST

GST : Benefits of EPCG scheme,duty credit scrips , MEIS , SEIS , Advance authorization scheme

By | July 19, 2017

Question : Under the GST regime, will benefit of exemption from all duties available under Advance authorization scheme, EPCG scheme and duty credit scrips such as Merchandise Exports from India Scheme (MEIS) & Service Ex-ports from India Scheme (SEIS) will continue? Answer:• After 1st July 2017, the benefits under all the said schemes shall be… Read More »

Category: GST

Where to file application for fixation of brand rate after GST

By | July 19, 2017

Question : Applications for fixation of brand rate used to be filed with jurisdictional Commissioner of Central Excise having jurisdiction over the factory where export goods were manufactured. Under GST regime, will there be any change regarding filing of application for fixation of brand rate? Answer: With effect from 1st July 2017, applications for fixation… Read More »

Category: GST