How can we square the transactions and get back the BCD and SWS paid to the government? Under what documents should the DTA party return the goods?
Firstly, you can give a credit note to the DTA party and square the transaction. Next, the DTA party can send back the rejected goods under a delivery challan. Third, you can receive the goods and treat the inputs on the goods as duty paid, so that when you reprocess or repair the rejected goods and supply again to the same or another party in DTA, you need not pay any BCD or SWS. Of course, if you export the repaired or reprocessed goods, you can claim drawback of the BCD and SWS paid on the inputs through brand rate.
この記事は Business Standard の April 16, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、8,500 以上の雑誌や新聞にアクセスしてください。
すでに購読者です ? サインイン
この記事は Business Standard の April 16, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、8,500 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
Women share in urban salaried jobs at 6-yr low
The share of women employed in regular ☐ salaried jobs in urban India hit a fresh low in the January-March quarter (Q4) of 2023-24 (FY24).
NARAYANAN VAGHUL (1936-2024) 'Vaghul style of leadership created a factory of leaders'
RENUKA RAMNATH My first encounter with N Vaghul, was in 1986, when I joined ICICI as a junior officer on probation.
Gold loans still shining
Regulatory scrutiny of such lending is growing but it is unlikely to slow down business, reports RAGHU MOHAN
MIGRATION, PROMOTION, CONVERSATION
What lies ahead for the India-EFTA free-trade deal?
A higher interchange is critical for ATM business'
A decade after white-label ATM operators (WLAOS) came into play, only a shade more than 30,000 units have been set up by them.
Closure of old credit card can negatively impact credit score
If the card is old and expensive but not useful, downgrade it to a no-fee card
'Market assumes easy re-election for incumbent govt'
The recent spike in volatility, often observed preceding big events, is compounded by quarterly earnings and a renewed focus on China, according to PRATIK GUPTA, chief executive officer and co-head of Kotak Institutional Equities.
Valuation swell prompts balanced advantage funds to lower sails
ADJUSTING TO MARKET TIDES: Large BAFs trim net exposure to below 60%
Japan's stock market dawn: The new Land of Rising Equities
CLEAR SKIES AHEAD: Chris Wood of Jefferies spots promise in its bank stock breakout
USA Inc: Woke vs greed
It's been 14 years since Goldman Sachs was vilified as a \"vampire squid\" by Matt Taibbi in Rolling Stone.