DGFT issues eligibility criteria for refund of TED
Sheela Mamidenna DGFT vide Trade Notice No. 17/2016 dated 22.09.16 has clarified the eligibility of refund of Terminal Excise Duty (TED) paid by utilizing CENVAT Credit in cases where ab-initioexemption is not available. Giving his views on the same Gopal Mundhra, Associate Partner, ELP, (Advocates and Solicitors), Mumbai writes, “in terms of the Para 7.03(c) read with the Para 7.05 of the FTP 2015-20, the benefit of TED refund shall be available only in cases where there is no ab-initio exemption of duty. Realizing that some of the entities started claiming TED refund after payment through CENVAT credit even in cases whereab-initio exemption was prevailing, the Authorities sought to deny the refund of TED. However, the more cautious officers developed the ...
A very special Labour Day!
Steven Philip Warner | The Dollar Business There is no denying that the new Foreign Trade Policy comes with many incremental alterations. But humans err. Which is why FTP 2015-2020 isn’t flawless! May 1st is a special date. Today, The Dollar Business (TDB) launched its 12th issue – it’s a year old giant now! We consider it a milestone – not one that has every concerned TDB insider bouncing off the walls, but definitely one that titillates our nerves to the extent that the resonance can be heard through a stethoscope. What makes this Labour Day special is that it marks a year since TDB got its first online impression (as I write, the online visitor counting ticker on our ...
