Govt exempts IGST and Compensation Cess under Advance Authorisation, EPCG, and EOU scheme
After the 47th GST Council meeting decisions are out, the Directorate General Of Foreign Trade (DGFT) has notified the exemption of Integrated Goods...
![Clearance of Imported Raw Materials by EOU after Payment of Customs Duty & Interest: CESTAT quashes Additional Demand of Interest [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Raw-Materials-EOU-Payment-Customs-Duty-Interest-CESTAT-Additional-Demand-of-Interest-taxscan.jpeg "Clearance of Imported Raw Materials by EOU after Payment of Customs Duty & Interest: CESTAT quashes Additional Demand of Interest [Read Order]")
![CBIC constitutes Committee for determining RoDTEP rates for AA or EOU or SEZ Exports [Read Office Memorandum]](https://www.taxscan.in/wp-content/uploads/2021/10/CBIC-RoDTEP-AA-EOU-SEZ-exports-Taxscan.jpg "CBIC constitutes Committee for determining RoDTEP rates for AA or EOU or SEZ Exports [Read Office Memorandum]")
![Once Export obligation fulfilled, Manufacturer can’t be Constrained to clear particular Products in DTA in proportion to Export of specific product: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/05/export-obligation-DTA-export-of-specific-product-CESTAT-Taxscan.jpg "Once Export obligation fulfilled, Manufacturer can’t be Constrained to clear particular Products in DTA in proportion to Export of specific product: CESTAT [Read Order]")
![CBIC issues clarification on payment AIDC by EOU under various situations [Read Circular]](https://www.taxscan.in/wp-content/uploads/2021/02/CBIC-clarification-on-payment-AIDC-EOU-Taxscan.jpeg "CBIC issues clarification on payment AIDC by EOU under various situations [Read Circular]")
CBIC notifies Systemic improvements regarding modification in the B-17 Bond Execution process [Read Circular]
The Central Board of Indirect Taxes and Customs (CBIC) issued the circular in respect of systemic improvements regarding modification in the B-17 Bond execution process. In case of EOU or EHTP or...
![CBIC notifies Systemic improvements regarding modification in the B-17 Bond Execution process [Read Circular]](https://www.taxscan.in/wp-content/uploads/2021/02/CBIC-Systemic-improvements-regarding-B-17-Bond-Execution-process-Taxscan.jpg "CBIC notifies Systemic improvements regarding modification in the B-17 Bond Execution process [Read Circular]")
18% GST on recovery of Notice Pay from Employees who are leaving the Company without completing notice period: AAR [Read Order]
The Gujarat Authority of Advance Ruling (AAR) ruled that 18% GST on the recovery of Notice Pay from the employees who are leaving the company without completing the notice period. The applicant,...
![18% GST on recovery of Notice Pay from Employees who are leaving the Company without completing notice period: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/GST-Notice-Pay-Salary-Notice-Period-AAR-Taxscan.jpg "18% GST on recovery of Notice Pay from Employees who are leaving the Company without completing notice period: AAR [Read Order]")
![Losses incurred by eligible units can’t be set off against income of other units: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/12/Losses-eligible-units-income-of-other-units-ITAT-Taxscan-1.jpg "Losses incurred by eligible units can’t be set off against income of other units: ITAT [Read Order]")
Certificate by CA or Bank enough to establish Link between FIRC & Export Invoice: CESTAT allows refund claim of Cenvat Credit to 100% EOU [Read Order]
The Customs, Excise and Services Tax Appellate Tribunal (CESTAT) while allowing refund claim of Cenvat Credit by the Export Oriented Unit (EOU), held that the certificate issued by CA or Bank enough...
![Certificate by CA or Bank enough to establish Link between FIRC & Export Invoice: CESTAT allows refund claim of Cenvat Credit to 100% EOU [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/11/Certificate-by-CA-Bank-FIRC-Export-Invoice-CESTAT-refund-claim-Cenvat-Credit-EOU-CENVAT-Taxscan.jpeg "Certificate by CA or Bank enough to establish Link between FIRC & Export Invoice: CESTAT allows refund claim of Cenvat Credit to 100% EOU [Read Order]")
Interest on Bank Deposits is also eligible to be included in profits of 100% EOU for claiming Deduction: Madras HC [Read Judgment]
The Madras High Court held that the interest on bank deposits is also eligible to be included in profits of 100% Export Oriented Unit (EOU) for claiming deduction under Section 10A or 10B of the...
![Interest on Bank Deposits is also eligible to be included in profits of 100% EOU for claiming Deduction: Madras HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/09/Interest-bank-deposits-EOU-profits-claiming-deduction-Taxscan.jpg "Interest on Bank Deposits is also eligible to be included in profits of 100% EOU for claiming Deduction: Madras HC [Read Judgment]")