Clearance of goods under advance license to nepal
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 January 2014
Dear Sir,
We have imported some raw material to produce Jackets under Advance License.
We have made the finished product out of that and now we have to supply the final product to Nepal (Kathmandu) via Birgunj customs by road ( as per the LC terms mentioned. The LC is in INR).
Please advice is there a way to clear the Export Obligation for the above consignment against the Advance License.
We have imported some raw material to produce Jackets under Advance License.
We have made the finished product out of that and now we have to supply the final product to Nepal (Kathmandu) via Birgunj customs by road ( as per the LC terms mentioned. The LC is in INR).
Please advice is there a way to clear the Export Obligation for the above consignment against the Advance License.
21 January 2014
No, you can not discharge Export Obligation by exporting against INR against Advance Licence because,as per Foreign Trade Policy Export remittance must be realised in Foreign Exchange and not in INR
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 January 2014
Sir,
Please suggest the best possible way to clear the export obligation and dispatch the goods to Nepal.
Please suggest the best possible way to clear the export obligation and dispatch the goods to Nepal.
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
- TDS Challan - change of FY 2025-26 to TY 2026-27
- Gst registered proprietorship firm
- Price inclusive or exclusive of GST while made entry in P& L Account
- Minimum tax payable to file Updated return
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- Salary from Qatar in Dollars in India
- TDS on purchase of under construction property from a reseller
- GST ISSUE OF INPUT AND OUTPUT GST
- Change Of Karta In Case of Death
- GST Intimation due to Government took possession of Business Premises under PPE Act
- Non filing of I T Returns
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
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
