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Israel shuts down Al Jazeera; seizes broadcast equipmentIndia to wait for Canadian Police inputs on arrest of men accused of killing Sikh separatist: JaishankarLabour Party candidate Sadiq Khan wins record third term as London MayorArmy convoy ambushed in Poonch sectorDeadly floods evict 70K Brazilians out of homes; 57 killed so farGovt scraps ban on export of onionFormer Delhi Congress chief Arvinder Singh Lovely joins BJP with three moreUS Nurse convicted of killing 17 patients - 700 yrs of jail-term awardedGST - Payment of pre-deposit through Form GST DRC-03 instead of the prescribed Form APL-01 - Petitioner attributes it to technical glitches - Respondent is the proper authority to decide the question of fact: HC2nd Session of India-Nigeria Joint Trade Committee held in AbujaGST - Since SCN is bereft of any details and suffers from infirmities that go to the root of the cause, SCN is quashed and set aside: HC1717 candidates to contest elections in phase 4 of Lok Sabha Elections7th India-Indonesia Joint Defence Cooperation Committee meeting held in New DelhiGST - Neither the Show Cause Notice nor the order spell out the reasons for retrospective cancellation of registration, therefore, the same cannot be sustained: HCMining sector registers record production in FY 2023-24GST - If the proper officer was of the view that the reply is unclear and unsatisfactory, he could have sought further details by providing such opportunity - Having failed to do so, order cannot be sustained - Matter remanded: HCAnother quake of 6.0 magnitude rocks Philippines; No damage reported so farTrade ban: Israel hits back against Turkey with counter-measuresCongress fields Rahul Gandhi from Rae Bareli and Kishori Lal Sharma from AmethiFormer Jharkhand HC Chief Justice, Justice Sanjaya Kumar Mishra appointed as President of GST TribunalSale of building constructed on leasehold land - GST implication

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Don't let ONGC Petro additions Ltd. turn into a failure


Selecting the right combination of schemes

Sir,
I read your insightful article. If the authorities have agreed in-principle to convert its status from SEZ unit to one in DTA, the option to convert to EPCG may again impose newer obligation to export. In this scenario, i am inclined to suggest MOOWR scheme (right away) and get freedom from obligations to export output. A MOOWR unit stands to loose AIR (of drawback) if the Company has been enjoying on exports. The option to exercise EPCG on certain capital installations, if finally by the DGFT, can still be exercised anticipating the extent of foreseeable exports. MOOWR scheme works mostly under the Customs procedures and can co-run EPCG, Advance authorization (for inputs) etc. from same premises.

-rajesh ingale

Raveendra Pethe 03/09/2023

 

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