Save Rs 499 on a 2-Year Ad-Free CAclubindia Pro Membership. Subscribe Now!

Advance release order (deemed export)

Save Share

Join Us Follow Us Add as Source

This query is : Resolved

Report Follow Query Ask a Query

Querist : Anonymous

Querist : Anonymous (Querist)

06 December 2013 Dear Sir / Madam
I am working in Pharma export co.
pls help me for y further query

We are looking for Deemed export against Invalidation Letter but want to confirm? can it make under dbk on second sale for eg.

Party A Supplier in India & Party B Exporter in India

'B' arrange Invalidation & RA fwd to 'A' against this, 'A' supplies the material to 'B' against Invalidation Letter (Advance Lic) same material can B export against DBK SB File?

I read FTP also but no supportig found.

Regards
Suresh

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
Follow

06 December 2013 Refer to DGFT Policy Circular No.9/2009-14 dated 1.10.2009 had clarified that supply of goods against Advance Release Order (ARO) is eligible for refund of duty drawback only and not for Terminal Excise Duty (TED) and supplies against invalidation letter is eligible for Advance Authorisation and TED refund.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!