Export of taxes – the SEZ confusion continues
Now that SEZ units and developers are reconciled to payment of export duty in steel products cleared to SEZs, some new issues crop up. What is the valuation for calculating the export duty? Does the value include excise duty and VAT? Excise duty is either not payable or rebated and so should it be excluded?
While the Revenue Department, especially the Super Intelligent DRI, is sure that export duty is payable, nobody seems to be sure, on what value the duty is to be calculated.
It is high time the Revenue Department clarifies such hot issues – but who is bothered – about the plight of the poor investor who invests his money and time in business in India?