February, 2023 – Issue No. I

The Union Budget 2023-24 is to be presented on 1 st February, 2023.
Some exporters used to avail credit only on capital goods and not on inputs/input services. While exporting the goods, they paid the duty out of the capital goods credit and claimed rebate. They also claimed higher drawback [cenvat credit not availed category] because as per the Customs notifications and circulars, cenvat credit availed definition covers only input and input services credit. However, the Central Excise Authorities rejected the rebate claims on the ground that higher drawback was obtained and credit was also availed. Now, the Ex-officio Additional Secretary to the Government of India, Mumbai in its order dated 19.1.2023 has allowed such rebate claims by holding that rebate is eligible, when credit is taken only on capital goods and not on inputs/input services.
All imports of Milk and Milk Products, Pork and Pork Products, and Fish and Fish products, Food Safety and Standards Authority of India (FSSAI) vide order F.No:1829/Health Certificate/FSSAI/Imports/2021 dated 3rd August, 2022, stated that with effect from November 2022, shall be accompanied by a Health Certificate issued by Competent Authority of the exporting country in the prescribed format. However, the implementation of the order was periodically extended. The same will now be effective from 1.3.2023.

The Indian Tax Advisors