Advance release order (deemed export)
This query is : Resolved
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
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
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.
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