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Chatroom: EO against AA can be discharged through physical/deemed exports

Business Standard LogoBusiness Standard1w ago

Chatroom: EO against AA can be discharged through physical/deemed exports - Business Standard

Quick Summary:

We have to enter into tie-up agreements with each one of them and we have to wait for the invalidation letters issued against their AA every time and then apply for our AA for intermediate supplies.

Our consultant says that according to the DC, Kandla SEZ, we are required to show such payments in INR also in our NFE calculation.Is this correct? Yes.Para 6.10 of HBP is quite clear that payments made in INR towards high seas sales will also enter into NFE calculations.

We export under LUT without payment of IGST and claim refund of unutilised ITC.


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Article Details

Category: BusinessFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-25 @ 00:35:44 (1 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 600 words

Reading Time: 4 minutes read

Sentences: 25 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 21372977

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About Business Standard

Business Standard Logo

Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 291 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 4 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #49

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The story "Chatroom: EO against AA can be discharged through physical/deemed exports" was covered 1 weeks ago by Business Standard, a news publisher based in India.

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