Advance DTA Permission
This query is : Resolved
Pramod Kumar Pandey
(Querist)
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.
RAMESH KUMAR VERMA
(Expert)
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
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- GSTR9 Annual Return
- Employee secondment
- Ito add credit side of bank
- Applicability of tax on invoice
- Rectification under processing even after 6 months cpc portal
- Form 144 TDS Return Validation error
- GST ITC as per notification 12/2023- central tax
- Import of Capital Machine
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- Need Professional Opinion - AY 2012-13 Old Demand & AY 2026-27 Refund Adjustment
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
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
