ANNOUNCEMENT 07 Dec 2008

In December 2008, the government of India announced a change in the tax legislation for exporters.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE



Government of India. (7 December 2008). Notification nr 33/2008-Service Tax. To be obtained at
http://centralexcisetrichy.gov.in/newcentral/tradenotice/st/yr0809/tn17.pdf


Inception date: 07 Dec 2008 | Removal date: open ended
Still in force

Tax-based export incentive

As of 7 December 2008, the Indian government has extended its service tax refund scheme to another constituency. Now, exporters who have paid commissions to a foreign clearing or forwarding agent are also eligible for the benefits of such a refund. The maximum share of service tax to be refunded has been set at 10 percent of the freight on board (f.o.b.) value of exports.
This measure will benefit firms that contract out for freight-forwarding services. On the assumption that most of these firms are small and medium sized enterprises, then the tariff lines affected are those typically associated with exports by such enterprises from India.

AFFECTED PRODUCTS

 
030229 030232 030233 030247 030283 030289 030326 030339 030341 030342 030343 030349 030353 030354 030357 030383 030389 030484 030485 030489 030491 030492 030499 030559 030571 030611 030612 030614 030617 030624 030626 030627 030749 030759 030799 410411 410419 410441 410449 410530 410621 410622 410711 410712 410719 410791 410792 410799 411200 411310 411390 411410 411420 420100 420211 420212 420219 420221 420222 420229 420231 420232 420239 420291 420292 420299 420310 420321 420329 420330 420500 442010 442090 442190 500500 500710 500720 500790 510521 510529 510610 510620 510710 510720 511111 511120 511211 511219 511290 520100 520299 520300 520411 520419 520511 520512 520513 520514 520515 520521 520522 520523 520524 520526 520527 520528 520531 520532 520533 520534 520542 520543 520544 520546 520547 520548 520611 520612 520621 520622 520710 520790 520811 520812 520813 520819 520821 520829 520831 520832 520839 520841 520842 520849 520851 520852 520859 520911 520912 520919 520921 520929 520931 520932 520939 520941 520942 520949 520959 521051 521142 521149 521224 521225 530610 530710 530720 530810 530890 530911 530919 530929 531010 531090 540110 540219 540220 540231 540233 540244 540245 540246 540247 540249 540252 540262 540269 540310 540331 540332 540341 540349 540710 540720 540752 540753 540754 540761 540769 540772 540773 540781 540782 540791 540792 540793 540794 540833 540834 550120 550320 550330 550410 550510 550630 550700 550810 550921 550922 550931 550932 550941 550942 550951 550952 550953 550959 550962 550969 550999 551011 551012 551020 551030 551090 551211 551219 551299 551311 551313 551319 551321 551329 551349 551411 551412 551419 551430 551511 551512 551513 551519 551591 551599 551612 551623 560121 560311 560312 560749 560790 560811 560819 570110 570190 570210 570220 570231 570232 570239 570241 570242 570249 570250 570291 570292 570299 570310 570330 570390 570500 580136 580190 580620 580632 580890 581010 581091 581092 581099 590190 590210 590290 590310 590390 590699 590700 600191 600240 600410 600490 600521 600621 600622 600624 600631 600643 600690 610120 610130 610310 610322 610323 610332 610342 610343 610349 610419 610422 610423 610432 610439 610442 610443 610444 610452 610453 610462 610463 610469 610510 610520 610590 610610 610620 610690 610711 610712 610721 610791 610821 610822 610831 610832 610839 610891 610910 610990 611011 611020 611030 611090 611120 611190 611211 611420 611430 611490 611595 611596 611599 611610 611693 611710 611780 620111 620112 620191 620192 620193 620211 620212 620213 620291 620292 620293 620299 620311 620312 620319 620322 620329 620331 620332 620333 620339 620341 620342 620343 620349 620412 620413 620419 620422 620423 620429 620431 620432 620433 620439 620442 620443 620444 620449 620451 620452 620453 620459 620461 620462 620463 620469 620520 620530 620590 620610 620630 620640 620690 620711 620721 620791 620799 620819 620821 620822 620829 620891 620920 620990 621010 621040 621050 621111 621132 621133 621139 621142 621143 621149 621210 621410 621420 621430 621440 621490 621600 621710 621790 630120 630130 630140 630190 630210 630221 630222 630231 630232 630239 630251 630253 630259 630260 630291 630293 630299 630391 630392 630399 630419 630491 630492 630493 630499 630510 630520 630532 630533 630539 630612 630619 630690 630710 630790 710110 710210 710221 710229 710231 710239 710310 710391 710399 710490 710510 710691 710692 711011 711019 711021 711230 711291 711292 711299 711311 711319 711320 711411 711419 711420 711510 711590 711711 711719 711790
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