• Posted on: 5 May 2016
  • By: admin

Tax benefits for Exporters



   1) If the export proceeds are not received within the prescribed time period, the exporter has to reverse the Cenvat credit. Re-credit of such reversed Cenvat credit was allowed, if such export proceeds are received within one year from the specified period.

Time limit for taking CENVAT Credit of duty / tax paid on inputs and input services has been increased from six months to one year.


  24x7 Customs Clearance: Facility of online filling of documents for Customs clearance is available through EDI System in 130 Indian Customs sites which includes 25 Seaports, 83 ICD, 18 Airports and 4 Land Customs Stations. Of these 130 sites, 24x7 Customs clearance for specified imports, namely, goods covered under ‘facilitated’ Bills of Entry is made available at 19 Seaports and for specified exports of factory stuffed containers and goods exported under free Shipping Bills is made available at 17 Airports. This will help in faster clearance of such imported and export goods, reduce dwell time and lower the transaction cost.

Single Window Project- Online message exchange: Single Window provides a common platform to EXIM trade to meet requirements of all regulatory agencies (such as Animal Quarantine, Plant Quarantine, Drug Controller, Textile Committee etc) through message exchange. It is basically a network of cooperating facilities bound by trust and set of agreed interface specifications in which trade has seamless access to regulatory services delivered through electronic means. Benefits of Single Window Scheme include ease of doing business, reduced costs, enhanced transparency, elimination of redundancy in documentation and reduced cost of compliance and optimal utilization of resources. In this direction, with effect from April, 2015, an electronic online message exchange facility has been established between Customs and the Food Safety and Standards Authority of India (FSSAI) and the Department of Plant Protection, Quarantine and Storage (PQIS) providing for real time seamless online exchange of information, including no objections, with / form these agencies. From February 2016 Animal Quarantine, Textile Committee, Drug Controller of India and the Wildlife authorities at 5 major locations namely, JNPT (Nhava Sheva), Air Cargo, Mumbai, ICD, Tughlakabad, ICD, Patparganj and Air Cargo, Delhi are also on board Single Window Project.