RoDTEP Scheme - Manner to Issue & Utilization of Duty Credit for Goods Exported - By SN Panigrahi
Remission of Duties or Taxes on Export Products (RoDTEP) was introduced for the Exporters to make Indian products cost-competitive and create a level playing field for them in the Global Market by Refund un-refunded Taxes or Duties / Levies, not Exempted or Rebated at Present by any other Mechanism.
Government Issued an Advisory on 1st Jan’2021, to implement the Scheme effective from 1st Jan’2021, and allowed the exporters to claim in the Shipping Bill, even though Rates were not announced. Subsequently the Rates range from 0.5% to 4.3% for various Sectors at 8 Digit Level as per Appendix – 4R of Hand Book of Procedures were announced by DGFT vide: Notification 19 / 2015-2020, dated 17th Aug’2021.
Now, CBIC announced the Manner of Issue Duty Credit for Goods Exported under the scheme vide Notification No: 76/2021-Customs (N.T.), 23rd September, 2021.
All-About Remission of Duties and Taxes on Exported Products (‘RoDTEP’) SchemeTaxmann
RoDTEP scheme has been made effective from January 01, 2021 for all export goods. The incentive scheme aims to reimburse the taxes and duties incurred by the exporters such as Local Taxes, Coal Cess, Mandi Tax, Electricity Duties etc. which are not getting exempted or refunded under any other existing scheme. It replaces the existing Merchandise Exports from India Scheme (MEIS) and Rebate of State and Central Levies and Taxes Scheme (RoSCTL Scheme).
The Ceiling Rates and Import Tariff Codes (i.e. RITC) on which benefit would be available are yet to be notified.
In the above backdrop, CA Sunil Kumar from Taxmann’s Indirect Tax Research and Advisory Team has analysed the nook and corner of this new incentive scheme. The presentation covers the following:
• Background
• Evolution of RoDTEP Scheme
• About RoDTEP Committee
• Features of RoDTEP Scheme (including GST treatment of scrips)
• Manner of availment, transfer and utilization of scrips
• Fate of existing MEIS and SEIS schemes
• Key Issues under RoDTEP scheme
• Way forward
OBJECTIVE
Import of all kinds of goods and on the export of goods on certain situations attracts customs duty. The Customs Act,1962 contains provisions which govern the levy of customs duty. In this webinar, we shall understand the types customs duty levied and the duty drawback allowed under the customs law.
Advance Authorisation Scheme PPT - Latest Updates Included | AfleoAfleoConsultants
Advance Authorisation Scheme is introduced to import duty-free raw materials and to export those finished goods.
Advance Authorisation Scheme PPT gives all the information about objective of Advance Authorisation scheme / Types of Schemes under Chapter- 4 / SION Norms / Self Declaration Norms / Self Ratification Norms / Prior Fixation of Norms / Value Addition / Pre-Import Condition / Actual User Condition / Validity Period of Import & Re-validation / Export Obligation (Extension in EO) / Duty Free Import Authorisation (DFIA).
Introduction
Import duty
Export duty
Constitutional Provision
Basis of determining the duty
Types of customs duty
Format
Notes
Case study problems
Solution of problem
Valuation
All-About Remission of Duties and Taxes on Exported Products (‘RoDTEP’) SchemeTaxmann
RoDTEP scheme has been made effective from January 01, 2021 for all export goods. The incentive scheme aims to reimburse the taxes and duties incurred by the exporters such as Local Taxes, Coal Cess, Mandi Tax, Electricity Duties etc. which are not getting exempted or refunded under any other existing scheme. It replaces the existing Merchandise Exports from India Scheme (MEIS) and Rebate of State and Central Levies and Taxes Scheme (RoSCTL Scheme).
The Ceiling Rates and Import Tariff Codes (i.e. RITC) on which benefit would be available are yet to be notified.
In the above backdrop, CA Sunil Kumar from Taxmann’s Indirect Tax Research and Advisory Team has analysed the nook and corner of this new incentive scheme. The presentation covers the following:
• Background
• Evolution of RoDTEP Scheme
• About RoDTEP Committee
• Features of RoDTEP Scheme (including GST treatment of scrips)
• Manner of availment, transfer and utilization of scrips
• Fate of existing MEIS and SEIS schemes
• Key Issues under RoDTEP scheme
• Way forward
OBJECTIVE
Import of all kinds of goods and on the export of goods on certain situations attracts customs duty. The Customs Act,1962 contains provisions which govern the levy of customs duty. In this webinar, we shall understand the types customs duty levied and the duty drawback allowed under the customs law.
Advance Authorisation Scheme PPT - Latest Updates Included | AfleoAfleoConsultants
Advance Authorisation Scheme is introduced to import duty-free raw materials and to export those finished goods.
Advance Authorisation Scheme PPT gives all the information about objective of Advance Authorisation scheme / Types of Schemes under Chapter- 4 / SION Norms / Self Declaration Norms / Self Ratification Norms / Prior Fixation of Norms / Value Addition / Pre-Import Condition / Actual User Condition / Validity Period of Import & Re-validation / Export Obligation (Extension in EO) / Duty Free Import Authorisation (DFIA).
Introduction
Import duty
Export duty
Constitutional Provision
Basis of determining the duty
Types of customs duty
Format
Notes
Case study problems
Solution of problem
Valuation
OBJECTIVE
Customs duty is an indirect tax, which is a tax on the goods and not a tax on the person having or owning the goods. Custom Duty is valued based either on specific duty or Ad valorem. In this webinar, we will be understanding the provisions of Valuations under Customs Duty.
Concept & Nature of supply under GST LawArpit Verma
Chapter III of Central Goods and Services Tax Act, 2017 & Integrated Goods and Services Tax Act, 2017 contains the provision of levy and collection of GST.
The expression “Supply” is defined under section 7(1) of Central Goods and Services Tax Act, 2017.
There is no such proposition in the existing laws as the concept of supply is unique to our tax system and considered as a ‘taxable event’ for the first time in indirect tax regime.
Read My Full Article on Concept & Nature of Supply Under GST.
#EPCG Scheme# By SN Panigrahi
EPCG Scheme allows import of capital goods (except those specified in negative list in Appendix 5 F) for pre-production, production and post-production at zero customs duty.
Capital goods imported under EPCG Authorisation for physical exports are also exempt from IGST and Compensation Cess upto 31-03-2020 only
Education is Fundamental to the Nation Building Process.
Right to Education is now a Fundamental Right of every child in India.
GST Law Recognizes this and provides Certain Exemption to Educational Institutions, providing Education
In this Presentation let's Discuss the Applicability of GST on Education Sector
OBJECTIVE
Customs duty is an indirect tax, which is a tax on the goods and not a tax on the person having or owning the goods. Custom Duty is valued based either on specific duty or Ad valorem. In this webinar, we will be understanding the provisions of Valuations under Customs Duty.
Concept & Nature of supply under GST LawArpit Verma
Chapter III of Central Goods and Services Tax Act, 2017 & Integrated Goods and Services Tax Act, 2017 contains the provision of levy and collection of GST.
The expression “Supply” is defined under section 7(1) of Central Goods and Services Tax Act, 2017.
There is no such proposition in the existing laws as the concept of supply is unique to our tax system and considered as a ‘taxable event’ for the first time in indirect tax regime.
Read My Full Article on Concept & Nature of Supply Under GST.
#EPCG Scheme# By SN Panigrahi
EPCG Scheme allows import of capital goods (except those specified in negative list in Appendix 5 F) for pre-production, production and post-production at zero customs duty.
Capital goods imported under EPCG Authorisation for physical exports are also exempt from IGST and Compensation Cess upto 31-03-2020 only
Education is Fundamental to the Nation Building Process.
Right to Education is now a Fundamental Right of every child in India.
GST Law Recognizes this and provides Certain Exemption to Educational Institutions, providing Education
In this Presentation let's Discuss the Applicability of GST on Education Sector
Eliminating 8 Wastes For Improving Supplychain EfficacyMMR July 2022 SN Panigrahi, PMP
A supply chain is a Chain of Supplies -
is the network of all the individuals,
organizations, resources, activities and
technology involved in the creation and supply of a
product, from the delivery of source materials from
the Supplier to Manufacturer to Distributer to
Wholesaler to Retailer and Eventually Delivery to the
End User or Consumer. Lean is the concept of efficient
manufacturing/operations that grew out of
the Toyota Production System in the middle of the
20th century. Since then, “lean” which was started as
an important concept, in the world of manufacturing
first, has thrived in to other fields such as Supply Chain
Management (SCM). Lean management is an approach
to managing an organization that supports the concept
of continuous improvement, a long-term approach to
work that systematically seeks to achieve small,
incremental changes in the processes in order to
improve efficiency and quality by eliminating or
minimising the process waste and maximising the value
of the product or service to the customer.
In this article we shall discuss 8 types of wastes in the
entire value stream of supply chain and analyse Cause
- Effect & Solution for improving Supply Chain Efficacy.
SUPPLY CHAIN DISRUPTIONS & RESILIENCE - By SN PanigrahiSN Panigrahi, PMP
SUPPLY CHAIN DISRUPTIONS & RESILIENCE
Article Published in Materials Management Review of IIMM
SN Panigrahi
#IIMM,
#materialsmanagement,
#supplychainmanagement,
#supplychaindisruptions,
#supplychainresilience,
Challenges of Apparel Exports from India - Presentation @ Indian Institute...SN Panigrahi, PMP
I had an Opportunity to Provide Training to the Officials of Directorate of MSME, Govt. of West Bengal on "Training of Master Trainers for Export Consultancy in the Gems and Jewellery & Apparel Sector of West Bengal“
Through Indian Institute of Foreign Trade (IIFT), Kolkata on Hybrid Mode on 1st Dec'2021.
This is Part of West Bengal Government's Strategy to Promote Exports from the State. West Bengal Government Targeted to Double the Apparel Exports from the State in next 3-5 Years.
SN Panigrahi
What is Lean? Understanding Lean Principles by SN PanigrahiSN Panigrahi, PMP
What is Lean? Understanding Lean Principles by SN Panigrahi
Lean is a way of thinking about creating needed value with fewer resources and less waste. Lean is a practice consisting of continuous experimentation to achieve perfect value with zero waste.
Enterprise Risk Assessment : A Pro-active Measure to Establish Strategic Prio...SN Panigrahi, PMP
Enterprise Risk Assessment : A Pro-active Measure to Establish Strategic Priorities & To Tackle Key Business Risks- By SN Panigrahi
Enterprise Risk Assessment Tool is used by organizations to Manage Risks Pro-actively and Seize Opportunities related to the achievement of their Objectives. Risk Assessment outcomes help Organizations to Establish Strategic Priorities and Activities to Tackle Key Risks. Increasing Awareness and Imbibing Risk Culture with Involvement of Top Management & Cross Functional Teams shall enhance the Organizations ability to Understand, Identify, and Develop Action Plans in Advance to Pro-Actively Manage Risks.
Hybrid Project Life Cycle - By SN Panigrahi,
Understanding Project Phase & Project Life Cycle,
Types of Project Life Cycle,
Predictive Life Cycle,
Iterative Life Cycle,
Incremental Life Cycle,
Adaptive Life Cycle,
Agile Life Cycle,
Hybrid Life Cycle,
Characteristics of Hybrid Life Cycles,
1.Agile Development Followed by a Predictive Model,
2. Combined Agile and Predictive Approaches,
3. Predominantly Predictive Approach with Some Agile Components,
4. Largely Agile Approach with a Predictive Component,
#HybridLifeCycle,
#PredictiveLifeCycle,
#AgileLifeCycle
#pmpexam,
#pmpcertification,
#pmptraining,
#pmpexamprep,
#pmpcertificationexam,
#pmp2021,
#pmpcommunity
#ProjectFundamentals
#SNPanigrahi,
#EssAnnPee Business Solutions
Choosing Right CHA & Freight Forwarders - By SN PanigrahiSN Panigrahi, PMP
Choosing Right CHA & Freight Forwarders - By SN Panigrahi,
Basic Understanding of Exports,
Incoterms – 2020 : Key Considerations to Avoid Risk,
Role of Logistic Intermediaries : CHAs / Forwarders /1PL, 2PL, 3PL, 4PL,
Selection of CHAs / Freight Forwarders / Shipping Lines,
#SN Panigrahi,
#EssAnnPee Business Solutions,
Role of Customs in Shipment Clearances - By SN PanigrahiSN Panigrahi, PMP
Role of Customs in Shipment Clearances - By SN Panigrahi,
Webinar Organized by FAPCCI,
Customs Act - Introduction,
Customs Act 1962,
Customs Tariff Act 1975,
Tariff Value - Section 14(2),
Valuation Rules,
#SNPanigrahi,
#EssAnnPee Business Solutions,
Putting the SPARK into Virtual Training.pptxCynthia Clay
This 60-minute webinar, sponsored by Adobe, was delivered for the Training Mag Network. It explored the five elements of SPARK: Storytelling, Purpose, Action, Relationships, and Kudos. Knowing how to tell a well-structured story is key to building long-term memory. Stating a clear purpose that doesn't take away from the discovery learning process is critical. Ensuring that people move from theory to practical application is imperative. Creating strong social learning is the key to commitment and engagement. Validating and affirming participants' comments is the way to create a positive learning environment.
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
Unveiling the Secrets How Does Generative AI Work.pdfSam H
At its core, generative artificial intelligence relies on the concept of generative models, which serve as engines that churn out entirely new data resembling their training data. It is like a sculptor who has studied so many forms found in nature and then uses this knowledge to create sculptures from his imagination that have never been seen before anywhere else. If taken to cyberspace, gans work almost the same way.
What are the main advantages of using HR recruiter services.pdfHumanResourceDimensi1
HR recruiter services offer top talents to companies according to their specific needs. They handle all recruitment tasks from job posting to onboarding and help companies concentrate on their business growth. With their expertise and years of experience, they streamline the hiring process and save time and resources for the company.
Attending a job Interview for B1 and B2 Englsih learnersErika906060
It is a sample of an interview for a business english class for pre-intermediate and intermediate english students with emphasis on the speking ability.
Taurus Zodiac Sign_ Personality Traits and Sign Dates.pptxmy Pandit
Explore the world of the Taurus zodiac sign. Learn about their stability, determination, and appreciation for beauty. Discover how Taureans' grounded nature and hardworking mindset define their unique personality.
As a business owner in Delaware, staying on top of your tax obligations is paramount, especially with the annual deadline for Delaware Franchise Tax looming on March 1. One such obligation is the annual Delaware Franchise Tax, which serves as a crucial requirement for maintaining your company’s legal standing within the state. While the prospect of handling tax matters may seem daunting, rest assured that the process can be straightforward with the right guidance. In this comprehensive guide, we’ll walk you through the steps of filing your Delaware Franchise Tax and provide insights to help you navigate the process effectively.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Cracking the Workplace Discipline Code Main.pptxWorkforce Group
Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
Forward-thinking leaders and business managers understand the impact that discipline has on organisational success. A disciplined workforce operates with clarity, focus, and a shared understanding of expectations, ultimately driving better results, optimising productivity, and facilitating seamless collaboration.
Although discipline is not a one-size-fits-all approach, it can help create a work environment that encourages personal growth and accountability rather than solely relying on punitive measures.
In this deck, you will learn the significance of workplace discipline for organisational success. You’ll also learn
• Four (4) workplace discipline methods you should consider
• The best and most practical approach to implementing workplace discipline.
• Three (3) key tips to maintain a disciplined workplace.
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