Advance DTA Permission
This query is : Resolved
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.
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.
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.
For more info: - log on
https://www.eouindia.gov.in/APPENDIX14_f.pdf
https://www.sezindia.nic.in/index.asp
https://www.nsez.gov.in/nsezwebsite/
https://www.taxmanagementindia.com/Site-Map/SEZ/List_Rule.asp
https://www.blr.stpi.in/pdf/Procedure-15.pdf
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.
For more info: - log on
https://www.eouindia.gov.in/APPENDIX14_f.pdf
https://www.sezindia.nic.in/index.asp
https://www.nsez.gov.in/nsezwebsite/
https://www.taxmanagementindia.com/Site-Map/SEZ/List_Rule.asp
https://www.blr.stpi.in/pdf/Procedure-15.pdf
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
- Reporting Income under Section 44ADA
- Itr 1 processing
- Building and other construction workers welfare cess act 1996
- Bank Accounts in Balance Sheet for ITR 3
- ITR validation error - Balance sheet is not filled
- ITR 1: Details for showing Exempt Income
- TDS ON CASH WITHDRAWALS...
- NRE Interest Income applicability
- Annual return of gst limit
- Bank accounts of Non resident
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
