Conversion of Free Shipping Bill into Advance License

This query is : Resolved

ATUL U ANAVEKAR (Querist)
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23 November 2010 Is it possible to convert free shipping bill into advance license.

If no, what could be the alternative.

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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24 November 2010 Free shipping bills (shipping bills not filed under any export promotion scheme) are subject to ‘nil’ examination norms. Conversion of free shipping bills into EP scheme shipping bills (advance authorization, DFIA, DEPB, reward schemes etc.) should not be allowed. However, the Commissioner may allow All Industry Rate of duty drawback on goods exported under free shipping bill, without conversion of such free shipping bill to Drawback Scheme shipping bill, in terms of the proviso to rule 12(1) (a) of the Customs, Central Excise and Service Tax Drawback Rules, 1995.

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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24 November 2010 refer cbec circular no.36/dtd. 23.09.2010

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