Advance DTA Permission

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Pramod Kumar Pandey (Querist)
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18 September 2010
We are one of the 100% EOU commence prodution April -2009 and got Advance DTA Permission of 10 crore from DC NSEZ, Noida we have total sale 7 Crore and our NFE is still negative. can we file the application for extend our amount as our NFE is still negative. please advise.

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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20 September 2010 PANDEY JI,

AS PER GUIDELINES IN APPENDIX-42,

Advance DTA sale permission not exceeding the entitlement Accruable on the exports envisaged in the first year shall be permitted and such sale shall be adjusted against the Subsequent entitlements in a maximum period of two years.
However, drugs and pharmaceuticals units can make advance DTAsale of the production on the exports envisaged in the first two years adjustable against subsequent entitlements within a maximum period of three years from the date of commencement of production by the unit. The Unit shall be required to execute a
Bond with the Assistant Commissioner Customs/Central Excise Concerned to cover the difference between the amount of duties Paid on the advance DTA sale and the full duties applicable on such goods.

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http://www.eouindia.gov.in/APPENDIX14_f.pdf
http://www.sezindia.nic.in/index.asp
http://www.nsez.gov.in/nsezwebsite/
http://www.taxmanagementindia.com/Site-Map/SEZ/List_Rule.asp
http://www.blr.stpi.in/pdf/Procedure-15.pdf

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