100% eou supply to dta without duty against pac
This query is : Resolved
05 November 2011
Sir/Madam,
We are a 100% Export Oriented Unit. And we sell portion of our production to DTA Sales.
Are we eligible to sell our product without Excise Duty against 'Project Authority Certificate' Received from Customer ???.
The 'Project Authority Certificate' has been issued under the notification No. 21/2002 dated 01.03.2003.
We doubt that we take raw materials without Duty (From Import & Domestic Suppliers) and hence we may not be eligible to avail the Excemption against the PAC.
If some one can clarify this, that will be an great help for us.
Thanks,
D.Rajendran
We are a 100% Export Oriented Unit. And we sell portion of our production to DTA Sales.
Are we eligible to sell our product without Excise Duty against 'Project Authority Certificate' Received from Customer ???.
The 'Project Authority Certificate' has been issued under the notification No. 21/2002 dated 01.03.2003.
We doubt that we take raw materials without Duty (From Import & Domestic Suppliers) and hence we may not be eligible to avail the Excemption against the PAC.
If some one can clarify this, that will be an great help for us.
Thanks,
D.Rajendran
05 November 2011
REFER TO HAND BOOK OF PROCEDURES AS PER 6.5.1 EOU UNIT CAN IMPORT THE GOODS AFTER PRE- APPROVAL FROM OFFICE OF CONCERNED DEVELOP COMMISSIONER OF REGIONAL.
In respect of supplies under categories mentioned in paragraphs 10.2 (d) (e), (f), (g) and (h) of the Policy, payment against such supplies shall be certified by the Project Authority concerned, as prescribed in form given in Appendix 14-B. However, supplies to the projects funded by such agencies alone, as may be notified by Department of Economic Affairs, Ministry of Finance, shall be eligible for deemed export benefits. A list of such agencies/funds is given in Appendix-40.
FOR MORE INFO:
http://exim.indiamart.com/indian-exim-policy/handbook-procedures1-deemed-exports.html
In respect of supplies under categories mentioned in paragraphs 10.2 (d) (e), (f), (g) and (h) of the Policy, payment against such supplies shall be certified by the Project Authority concerned, as prescribed in form given in Appendix 14-B. However, supplies to the projects funded by such agencies alone, as may be notified by Department of Economic Affairs, Ministry of Finance, shall be eligible for deemed export benefits. A list of such agencies/funds is given in Appendix-40.
FOR MORE INFO:
http://exim.indiamart.com/indian-exim-policy/handbook-procedures1-deemed-exports.html
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Opting our of sec 44AD
- Copyright software
- Transporter Declaration form
- Multiple trade mark
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- LC charges in relation to Asset purchased should be Capitalised ?
- Value of property in capital gain
- Regarding TDS Applicability For Director Remuneration
- Tds UNDER SECTION 195 INTEREST PAID TO NRI DIRECTOR
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
