Conversion of shipping bill from dutydrawback to advance lic

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Manish Mehta (Querist)
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29 January 2013 whether Duty drawback shipping bill can be converted in to Advance lic. if the benfit yet not take i.e. if duty drawback amount yet not recd from custom dept under Para 2.56 Conversion of E.P. copy of shipping bill from one Scheme To Another -If Customs Authorities, after recording reasons in writing, permit conversion of an E.P. copy of any scheme-shipping bill on which benefit of that scheme has not been availed, exporter would be entitled to benefit under scheme in which shipment is subsequently converted.

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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30 January 2013 Conversion of shipping bills shall also be subject to conditions as may be specified by the DGFT/MOC. The conversion of shipping bills from one to another scheme will now be allowable subject to the conditions as specified viz.,

The request for conversion shall be made within three months from the date of the Let Export Order (LEO).
On the basis of available export documents etc., the fact of use of inputs is satisfactorily proved in the resultant export product.
The examination report and other endorsements on the shipping bill/export documents prove the fact of export and the export product is clearly covered under relevant SION and or DEPB/Drawback Schedule as the case may be.
On the basis of S/Bill/export documents, the exporter has fulfilled all conditions of the export promotion scheme to which he is seeking conversion.
The exporter has not availed benefit of the export promotion scheme under which the goods were exported and no fraud/ misdeclaration / manipulation has been noticed or investigation initiated against him in respect of such exports.

MORE INFO:

https://www.cbec.gov.in/customs/cs-circulars/cs-circulars10/circ36-2k10-cus.htm

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Manish Mehta

Manish Mehta (Querist)
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30 January 2013 Thanks for your valuable Opinion

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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02 February 2013 welcome...

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