Join our webinar on Faceless Tax Assessments under the Income Tax Act, 1961. Learn concepts, challenges, and solutions from expert CA Hari Agarwal, FCA.
It is clarified that the benefit of duty credit under Served from India Scheme will be available only to those remittances which are received as service charges and fee levied for the specific services rendered by the applicant. For example for the financial services sector the following indicative list of foreign exchange remittance would not be counted for entitlement under the Scheme.
It is hereby reiterated that an exporter desiring to obtain RCMC shall apply to the Export Promotion Council that relates to his main line of business as per Appendix 27 of the Handbook of Procedures (Vol 1). However, the exporter has the option to take the membership of any other Export Promotion Council in addition.
Public Notice No. 13/2004-2009 dated 06.10.2004 updates the DEPB rates schedule with amendments, additions, and corrections under the Foreign Trade Policy 2004-2009.
