Conversion of Free Shipping Bill into Advance License
This query is : Resolved
23 November 2010
Is it possible to convert free shipping bill into advance license.
If no, what could be the alternative.
If no, what could be the alternative.
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.
24 November 2010
refer cbec circular no.36/dtd. 23.09.2010
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