DTA sale of books
As per para 6.8(a) of the Foreign Trade Policy, items like motor cars, alcoholic liquors, books and tea are not allowed DTA clearances from EOUs at concessional rates of duty. Now books are deleted from the list which means that books can be cleared to DTA at concessional rate. But there is a catch. If the basic duty and CVD is nil, goods cleared from EOU are considered non excisable, but now the DGFT notification says this provision will not apply to books. Why? May be CBEC will give a clarification.
DGFT Notification No. 10 (RE-2005)/2004-2009 Dated: June 24, 2005