I am a small exporter and I had applied for BOND from CBEC for IGST letter of Undertaking against RCMC which is allowed and unfortunately the commissioner has denied and asked for 5% bank guarantee to get the bond by the department. It is clearly said that the person producing the RCMC has to be given the bond without bank guarantee. Can anyone guide us on who should be approached to get the necessary approval ? The website has not started and IGST will not be refundable till the time it starts - can anyone guide on what should be done ? What is right and what is wrong ? more
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Oct 31
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Oct 31
Sir It's discretion of commissioner to waive BG of exporter having registered with recognised export promotion council but for that thetrack records and other factors also considered... In ur case commissioner has reduced the BG to 5% instead of waiving. There may b some factors to demand 5%... Otherwise in normal course it is waived. more
Aug 25
Old habits die hard and our VAT and Excise people are still dreaming of old Babu Raj. In one of the case, Excis eofficer asked to pay 18% IGST on exports in cash as per his interpretation of law. more
Aug 25
please email your details and the Commissionerate details to me at y.garg@nic.in . more
Aug 24
I will surely send you details but, we have already got the bank guarantee done. Hopefully, if no query is taken out we should get the bond anytime.
But, we have already wasted money for bank guarantee and time - as the goods are waiting to be shipped since 10 days. more
But, we have already wasted money for bank guarantee and time - as the goods are waiting to be shipped since 10 days. more
Aug 24
