Advance license & The obligation
This query is : Resolved
MBA(Fin)_Pranav
(Querist)
20 March 2008
I would like to clear some doubts about advance license obligation and its fulfillment.
1) Advance license obligation belongs to Unit (Where the raw material being imported) or whole company ?
2) How much is time limit to complete the obligation ?
3) Is the following case possible?
We import the raw material under advance license scheme at Unit at Gujarat and fulfill the obligation by export from Unit at Maharastra... Please note we donot trasnfer the raw material to Gujarat to Maharastra.
Please advice.
1) Advance license obligation belongs to Unit (Where the raw material being imported) or whole company ?
2) How much is time limit to complete the obligation ?
3) Is the following case possible?
We import the raw material under advance license scheme at Unit at Gujarat and fulfill the obligation by export from Unit at Maharastra... Please note we donot trasnfer the raw material to Gujarat to Maharastra.
Please advice.
Taranjit Singh
(Expert)
10 October 2009
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