a)

b)

a)

b)

9

qd)

e)

Company opts for paying tax as per Section 115BAA of the Act, such option cannot be subsequently
withdrawn for the same or any other Previous Year.

Further, the provisions of Section 115JB i.e. MAT provisions shall not apply to the Company on exercise
of the option under section 115BAA. And the MAT Credit available, if any, would become unutilizable
upon exercise of the option. Hence the company has not opted for this benefit for the AY 2020-21 and
would avail the benefit only after utilization of the MAT Credit available.

Special Tax Benefits available to the Shareholders under the Act:

Section 112A

As per Section 112A, long-term capital gains arising from transfer of an equity share, or a unit of an equity-
oriented fund or a unit of a business trust shall be taxed at 10% (without indexation) of such capital gains.

The tax on capital gains shall be levied in excess of Indian Rupees One lakh.

There are no other special tax benefits available for the shareholders of the Company under the provisions
of the Act.

INDIRECT TAXATION

Special Tax Benefits available to the Company:

The Company is availing the following benefits under certain Indian indirect Tax Laws

Export rebate on payment of IGST

In accordance with provisions under Rule 96 of the Central Goods and Services Tax (CGST) Rules, 2017
relating to “Refund of IGST on Exported Goods/ Services”, the Company is entitled for refund on GST
paid on export of goods.

Export under Letter of Undertaking without payment of IGST

As per rule 96A of the CGST Rules, 2017 and vide CBEC Circular No. 8-08-2017- GST dated 4 October
2017, the Company is entitled to avail input tax credit on exports made under Letter of Undertaking without
payment of output tax.

Export to SEZ unit

As per Section 16 of IGST Act, the Company is eligible to claim input tax credit on sale of goods to units
in Special Economic Zones SEZ even though such sales are not taxable.

Remission of Duties and Taxes on Exported Products (RoDTEP) and Services Exports from India
Scheme (SEIS) scrips:

The Company is entitled for RODTEP and SEIS scrips under Foreign Trade Policy towards export of goods
and services, respectively. These scrips can either be used towards payment of customs duty on import or
be sold in the market.

Export Promotion Capital Goods (EPCG):

This scheme allows the Company to import capital goods at zero rates of customs duty. The scheme is
subject to an export value equivalent to 6 times of duty saved on the importation of such capital goods
within six years from the date of issuance of the authorization.

Duty Drawback:

The Company avails Duty Drawback which are made to grant rebate of duty or tax chargeable on any
imported / excisable materials and input services used in the manufacture of export goods. The duties and

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