Duty Free Replenishment Certificate definition
Examples of Duty Free Replenishment Certificate in a sentence
The applicant, Phil Dorn spoke to the variance application to use the gravel parking lot on a temporary basis until the property sells to generate some income by renting the gravel parking lot out.
The new scheme clubs the Duty Free Replenishment Certificate [DFRC] Scheme (for transferability of import entitlement) and the Advance License Scheme [ALS] (which allows imports before exports).
These schemes are - * Advance License scheme * Duty Entitlement Pass Book scheme (DEPB) * Duty Free Replenishment Certificate scheme (DFRC) * Cenvat credit on inputs used in goods exported can be utilised for other products or refund can be obtained * Rebate of duty on inputs if final product is exempt from duty.
Export Benefits (i) Export Benefits on the import entitlements issued under the Duty Entitlement Pass Book Scheme, Focus Licence and Duty Free Replenishment Certificate Scheme are accounted for at the estimated realisable value on accrual basis.
Measures for export promotion in indiaSome of the export promotion measures are listed below.1. Duty Free Replenishment Certificate (DFRC): DFRC is issued to a merchant exporter or manufacturer exporter for the duty free import of inputs such as raw materials, components, intermediates, consumables, spare parts, including packing materials to be used for export production.
Another substitution drawback scheme, the Duty Free Replenishment Certificate (DFRC) does not have this infirmity because there is a built-in obligation for the import of items for which domestic substitutes have been used.
Duty Free Replenishment Certificate (DFRC) scheme extended to deemed export to provide a boost to domestic manufacturer.Value addition under DFRC scheme reduced from 33% to 25%.
These schemes consist of Duty Free Replenishment Certificate (DFRC) Scheme and Duty Entitlement Pass Book (DEPB) Scheme.
Programs Determined To Be Terminated, Constituting a Program-Wide Change• Duty Free Replenishment Certificate (DFRC) Program• Exemption of Export Credit From Interest Taxes• Income Tax Exemptions Under 80 HHC[FR Doc.
Profit on Transfer of Duty Free Replenishment Certificate (DFRC).(iv)Value of Benefit or Perquisite arising from Business / Profession, whether convertible into money or not.(v)Interest, Salary, Bonus, Commission or Remuneration receivable or received by a Partner of a Firm, from the Firm in which he is a Partner.(va)Sum received or receivable in cash or in kind under an agreement for non-competency.