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Jagadeesh Kumar Balina (b.com, Cma, Fca)

Latest Posts by Jagadeesh Kumar Balina (b.com, Cma, Fca)

An Insight on ‘Remission of Duties or Taxes on Export Products’ (RoDTEP) Scheme

March 31, 2020 36903 Views 2 comments Print

RoDTEP is a new scheme to replace the existing MEIS scheme for exports of goods from India,  which aims to reimburse the taxes and duties incurred by exporters such as local taxes, coal cess, mandi tax, electricity duties and fuel used for transportation, which are not getting exempted or refunded under any other existing scheme. The rebate would be claimed as a percentage of the Freight On Board (FOB) value of exports.

GST on bank charges deducted on inward remittance of exports

March 28, 2020 63831 Views 4 comments Print

It is usual practice for all the exporters of goods / services to receive money in foreign currency. Few exporters would have EEFC (Exchange Earners’ Foreign Currency Account) where they can directly deposit the foreign currency in their account which would be maintained in foreign currency in an Indian Bank. Majority of the exporters would […]

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