DGFT Notification No. 20(RE-2010)/2009-2014, New Delhi, the 10th February, 2011
Subject: Prohibition on Export of Non-basmati Rice-exemption for export to Bangladesh- regarding
S.O.(E) In exercise of the powers conferred by Section 5 of Foreign Trade (Development & Regulation) Act, 1992 (No.22 of 1992) read with Para 2.1 of the Foreign Trade Policy, 2009-2014, the Central Government hereby makes, with immediate effect, the following amendment to Notification No. 03(RE-2010)/2009-14 dated 30.08.2010 read with Notification No. 55 /2009-2014 dated 06.08.2010 and also read with Notification No.38 (RE-2007)/2004-2009, dated 15.10.2007 and Notification No. 93 (RE-2007)/2004-2009 dated 1.4.2008, as amended from time to time.
2. In para 3 of Notification No. 03(RE-2010)/2009-14 dated 30.08.2010 relating to the conditions for export of 3,00,000 MTs of non-Basmati rice to Bangladesh, the following amendments are made with immediate effect:
(i) The phrase “prevalent economic cost” as appearing in para 3(i) shall be substituted with “concessional cost”.
(ii) The phrase “export on CIF basis” as appearing in para 3(ii) shall be substituted with CIF-LO basis”.
3. All other provisions of Notification No. 03(RE-2010)/2009-14 dated 30.08.2010 read with Notification No.93 (RE-2007)/2004-09 dated 1st April, 2008, as amended from time to time, shall remain unchanged, and shall continue to apply.
(Anup K. Pujari)
Director General of Foreign Trade
e-mail: dgft@nic.in
(Issued from F.No.01/91/180/775/AM10/Export Cell)
We are software developer Indian compnay (subsidiary of US) in Noida. We understand that our services should qualify as export of services for service tax purposes from this year onwards under the new taxable category of information technology services (ZZZZe).
We are proposing to register and file refund claims with respect to the service tax charged on our input services used to provide the exported services. The most significant services on which we pay service tax is Rent, transportation (cab services), Internet Bandwidth and Canteen. We want to seek your advice on the possibility of availing credit of the service tax paid by us on such services and subsequently also claiming refund of the same.