Advance authorisation (advance license)
This query is : Resolved
26 September 2012
Dear Sir,
We have obtained some advance authorization and we have made some import under the said advance license.
Now it is on closer date. I want to know if I will pay the total duty saved amount to close this license then can i take credit of excise duty ?? and SAD ??
Regards
Kartik
We have obtained some advance authorization and we have made some import under the said advance license.
Now it is on closer date. I want to know if I will pay the total duty saved amount to close this license then can i take credit of excise duty ?? and SAD ??
Regards
Kartik
RAMESH KUMAR VERMA
(Expert)
26 September 2012
without examining export import details How can confirm you for Redemption.
26 September 2012
Thanks for your reply !
Actually we have a advance license under which we have made import of approx. 700 M.T. material against which we have made Export of only 70 M.T. under Export obligation.
The date of advance license 10.08.2010 and export obligation valid till 10.08.2013
what if I will not fulfill the obligation ??
and If I will pay the duty which I have saved while importing material, can I take excise duty and SAD refund ?
Regards
Kartik
Actually we have a advance license under which we have made import of approx. 700 M.T. material against which we have made Export of only 70 M.T. under Export obligation.
The date of advance license 10.08.2010 and export obligation valid till 10.08.2013
what if I will not fulfill the obligation ??
and If I will pay the duty which I have saved while importing material, can I take excise duty and SAD refund ?
Regards
Kartik
26 September 2012
Thanks for your reply !
Actually we have a advance license under which we have made import of approx. 700 M.T. material against which we have made Export of only 70 M.T. under Export obligation.
The date of advance license 10.08.2010 and export obligation valid till 10.08.2013
what if I will not fulfill the obligation ??
and If I will pay the duty which I have saved while importing material, can I take excise duty and SAD refund ?
Regards
Kartik
Actually we have a advance license under which we have made import of approx. 700 M.T. material against which we have made Export of only 70 M.T. under Export obligation.
The date of advance license 10.08.2010 and export obligation valid till 10.08.2013
what if I will not fulfill the obligation ??
and If I will pay the duty which I have saved while importing material, can I take excise duty and SAD refund ?
Regards
Kartik
RAMESH KUMAR VERMA
(Expert)
28 September 2012
ADVANCE LICENCE
****************
is issued to either manufacturer exporter or merchant exporter tied with supporting manufacturer, to allow duty free import of inputs which are physically incorporated in export products (making normal allowance for wastage) on the basis of input output norms given under SION with actual user condition.
Advance Authorisation is issued for duty free import of inputs subject to actual user condition. Such Authorisations are exempted from payment of basic customs duty, additional customs duty, education cess, anti dumping duty and safeguard duty, if any. However, the imports for supplies covered under sub-paragraph (h) & (i) of paragraph "Categories of Supply" of Section "Deemed Exports" of this site will not be exempted from the payment of applicable anti-dumping and safeguard duty, if any.
Advance Authorisation and/or materials imported thereunder shall not be transferable even after completion of export obligation. However, the Authorisatione will have the option to dispose off the product manufactured out of the duty free inputs once the export obligation is completed.
FURTHER INFORMATION READ POLICY CIRCULAR No. 80 (RE-2008)/2004-2009 Dated: 13th April, 2009
****************
is issued to either manufacturer exporter or merchant exporter tied with supporting manufacturer, to allow duty free import of inputs which are physically incorporated in export products (making normal allowance for wastage) on the basis of input output norms given under SION with actual user condition.
Advance Authorisation is issued for duty free import of inputs subject to actual user condition. Such Authorisations are exempted from payment of basic customs duty, additional customs duty, education cess, anti dumping duty and safeguard duty, if any. However, the imports for supplies covered under sub-paragraph (h) & (i) of paragraph "Categories of Supply" of Section "Deemed Exports" of this site will not be exempted from the payment of applicable anti-dumping and safeguard duty, if any.
Advance Authorisation and/or materials imported thereunder shall not be transferable even after completion of export obligation. However, the Authorisatione will have the option to dispose off the product manufactured out of the duty free inputs once the export obligation is completed.
FURTHER INFORMATION READ POLICY CIRCULAR No. 80 (RE-2008)/2004-2009 Dated: 13th April, 2009
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