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Duty drawback on inputs used in export products shouldn't be denied
Duty drawback on inputs used in export products shouldn't be denied

Business Standard

time6 days ago

  • Business
  • Business Standard

Duty drawback on inputs used in export products shouldn't be denied

The standard input-output norms (SION) for our product are already fixed but they do not fully meet our requirements. So, we had applied for review of the norms under Para 4.06 of the HBP, which is still under consideration. Meanwhile, we have received an order for export of the same product. Can we now apply for advance authorisation under SION or under Para 4.07 of the HBP to meet our immediate requirement? Yes. There is no bar on applying for advance authorisation under SION or Para 4.07 of HBP while your request for review of the SION under Para 4.06 of the HBP is pending. We have obtained an advance authorisation under SION, which allows 4 inputs. We want to import only 3 of the inputs. We are holding duty paid stocks of the 4th input. We will make the export product using all the 4 inputs. Can we file DEEC-cum-Drawback shipping bill and adjust the exports against the export obligation and also claim the drawback of the duty paid on the 4th input? In my opinion, you can do that, because there is nothing in Section 75 of the Customs Act, 1975 or the Customs and Central Excise Duties Drawback Rules, 2017 to deny the drawback of the duty paid on the inputs except under specified circumstances. However, you better get the duty paid input removed from the advance authorisation because the CBEC Circular no.89/2003-Cus dated 6th October 2003 says that (relevant extracts) 'brand rates can be fixed for rebating duties on such inputs which do not figure in relevant Advance Licence/DEEC Book and which have been procured by exporters indigenously or through import under the cover of proper duty paying documents i.e. Central Excise invoices or bills of entries, as the case may be'. Also, you may take careful note of Para 4.15 of the FTP which says that 'drawback as per rate determined and fixed by Customs authority in terms of DoR Rules shall be available for duty paid imported or indigenous inputs (not specified in the norms) used in the export product. For this purpose, applicant shall indicate clearly details of duty paid input in the application for Advance Authorisation. As per details mentioned in the application, Regional Authority shall also clearly endorse details of such duty paid inputs in the condition sheet of the Advance Authorisation'. In my opinion, the restriction that drawback will be available only for 'duty paid inputs not specified in the norms' makes no sense. You may represent to the DGFT to remove that irrational restriction.

Social welfare Ireland: Exact criteria for scheme that helps pay energy bills
Social welfare Ireland: Exact criteria for scheme that helps pay energy bills

Dublin Live

time22-05-2025

  • General
  • Dublin Live

Social welfare Ireland: Exact criteria for scheme that helps pay energy bills

Our community members are treated to special offers, promotions and adverts from us and our partners. You can check out at any time. More info A social welfare scheme is available that contributes towards the cost of gas, electricity and the TV licence. The Household Benefits Package is automatically available to everyone aged 70 and over. You don't need to be receiving a state pension to qualify and there's no means testing involved. Some individuals under 70 are also eligible for the scheme , but additional criteria apply. Here's all you need to know about the Household Benefits Package: Who qualifies for the Household Benefits Package Those aged over 70 who live full-time in Ireland, are the sole person in the household receiving the HBP and have an electricity or gas bill in their name are eligible for the payment. Those under 70 living with a spouse, cohabitant, civil partner or other adults can receive the payment if they are receiving a qualifying social welfare payment and: You are getting an increase in your qualifying social welfare payment for them (see list of qualifying social welfare payments below), or They are getting their own qualifying social welfare payment listed below, or They are getting a social welfare payment not listed below and they satisfy a means test The qualifying social welfare payments for people aged between 66 and 70 are: State Pension (Contributory) State Pension (Non-Contributory) Widow's, Widower's or Surviving Civil Partner's (Contributory) Pension Deserted Wife's Benefit Carer's Allowance (full or half-rate payment), but you must be living with the person you are caring for. An ordinary Garda Widow's Pension from the Department of Justice An equivalent Social Security Pension or Benefit from a country covered by EU Regulations or from a country with which Ireland has a Bilateral Social Security Agreement If you are aged between 66 and 70 and are not getting a qualifying social welfare payment, you must pass a means test. The qualifying social welfare payments for those aged under 66 are: Disability Allowance Invalidity Pension Blind Pension Incapacity Supplement (for at least 12 months) with Disablement Pension (for at least 12 months) Carer's Allowance (full or half-rate payment), but you must be living with the person you are caring for. An equivalent Social Security Pension or Benefit from a country covered by EU Regulations, or from a country with which Ireland has a Bilateral Social Security Agreement What's included in the Household Benefits Package. The HBP offers a monthly payment of €35 towards either your electricity or natural gas bills. Additionally, it provides a free TV licence. The utility bill allowance is transferred to either a bank account or post office on the first Tuesday of every month. If your energy supplier is Electric Ireland for electricity or Bord Gais for gas, the allowance can be credited directly to your bill each month. How to apply for the Household Benefits Package You can apply online for the Household Benefits Package using if you have a MyGovID account. If you cannot apply online, you can fill in the Household Benefit Package application form (pdf) and return it to the Household Benefits Package section: Household Benefits Package, Social Welfare Services, College Road, Sligo, Ireland, F91 T384. For more information, click here. Join our Dublin Live breaking news service on WhatsApp. Click this link to receive your daily dose of Dublin Live content. We also treat our community members to special offers, promotions, and adverts from us and our partners. If you don't like our community, you can check out any time you like. If you're curious, you can read our Privacy Notice. For all the latest news from Dublin and surrounding areas visit our homepage.

Houston Boston Partnership Launches New Website Showcasing Nation's Leading Private Equity Automotive Platform
Houston Boston Partnership Launches New Website Showcasing Nation's Leading Private Equity Automotive Platform

Yahoo

time20-05-2025

  • Automotive
  • Yahoo

Houston Boston Partnership Launches New Website Showcasing Nation's Leading Private Equity Automotive Platform

HOUSTON, May 20, 2025 /PRNewswire/ -- The Houston Boston Partnership (HBP), a private equity platform redefining performance in the independent automotive service sector, proudly announces the launch of its new website: The new site offers visitors a dynamic overview of HBP's expansive vision, high-performance standards, and its powerhouse family of businesses, including Adams Automotive, Pleasant Car Care, Bartel's Auto Clinic, Scott's Auto Repair, JB Auto Care, and Now Auto Care—each of which leads its market with transparency, integrity, and best-in-class service. The site highlights HBP's foundational principle:"Private Equity Meets Performance." With over $65 million in annual revenue, projected $13 million in EBITDA, and a Fortune 500-level infrastructure provided by AutoShop Answers, HBP is uniquely positioned to scale nationally while delivering operational excellence at the local level. "Our website isn't just a brochure—it's a declaration of who we are," said Todd Hayes, CEO. "We are platform builders, operators, and innovators. Our team doesn't just chase multiples—we create value beyond them." The new digital platform also introduces the leadership team powering HBP's success: Joe Adams, CEO of Adams Automotive and 2023 Ratchet & Wrench All-Star Charlie Zlatkos, COO of Pleasant Car Care and 2024 R&W All-Star Runner-Up Bill Brusard, CGO and Founder of JB Auto Care Sadie Nguyen, CFO Michael Floyd, Chief AI Officer Glenn Piccolo, General Managing Partner Jose Garcia, President of Now Auto Care Todd Westerlund, President of AutoShop Answers Brian Rhodes, Director of Recruiting Gary Walker, Managing Partner of Auto Shop Callbacks Peter Sarantidis, General Managing Partner of Auto Tech Training Joshua Spires, Director of AutoShop Media Dr. Dana Ñkaña, Director of AutoShop Coaching Each leader plays a strategic role in scaling HBP's operations across multiple U.S. markets through elite training, AI implementation, customer retention models, and data-driven recruiting. Visit the site now at to meet the team, explore the partner shops, and discover how this platform is building the future of automotive private equity—one world-class service experience at a time. Media Contact:Bill Brusard, CGO(617) 549-0256bill@ View original content to download multimedia: SOURCE Autoshop Answers Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

World-class Sant Dnyaneshwar Knowledge Complex to come up in Alandi: CM Fadnavis
World-class Sant Dnyaneshwar Knowledge Complex to come up in Alandi: CM Fadnavis

Indian Express

time10-05-2025

  • Politics
  • Indian Express

World-class Sant Dnyaneshwar Knowledge Complex to come up in Alandi: CM Fadnavis

Chief Minister Devendra Fadnavis on Saturday announced a grand plan to establish a world-class Sant Dnyaneshwar Maharaj Knowledge Complex in Alandi. The plan is aimed at spreading the eternal and welfare-centric philosophy of the ancient Bhagwat Dharma across the world, he said. Speaking at the 701st birth anniversary celebrations of Sant Dnyaneshwar Maharaj, the chief minister said the Knowledge Complex will be constructed on a 450-acre site, with a budget of Rs 701 crore. This centre will reflect the spiritual wealth of India and take our timeless values to a global platform, he said. Fadnavis also spoke about the rejuvenation of the Indrayani River. A detailed plan has been submitted to the Centre. After approval, treated water from Pimpri Chinchwad and 39 surrounding villages will be released into the Indrayani, making it clean, sacred, and suitable for worship, he added. In recognition of his efforts in promoting Bhagwat Dharma, HBP Shantibrahma Guru Maruti Maharaj Kurekar will be recommended for the Padma award, the chief minister said. Highlighting the contribution of saints and the Warkari tradition, Fadnavis said that during foreign invasions, it was our saints who preserved Indian thought, culture, and spiritual identity. Their teachings promoted a casteless and inclusive society. He emphasised that mental peace cannot be achieved solely through material development. India is the richest nation in terms of spiritual legacy, and this wealth has been safeguarded by our saints, he noted. The event also marked the release of Namo Dnyaneshwara, a book offering a reflective overview of Sant Dnyaneshwar's literary works, and its audiobook version, both unveiled by the chief minister. He pointed out that the Dnyaneshwari, the Marathi interpretation of the Bhagavad Gita, played a key role in advocating classical status for the Marathi language. The Chief Minister was felicitated by the Shri Dnyaneshwar Maharaj Sansthan, and the Jagtap family was honoured for their contributions to annadan or community food donation. Several dignitaries and spiritual leaders attended the event.

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