Dfia license
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 April 2012
Dear Sir,
Can we transfer the DFIA license. please tell me procedure and documents required for Transfer the DFIA license.
Can we transfer the DFIA license. please tell me procedure and documents required for Transfer the DFIA license.
RAMESH KUMAR VERMA
(Expert)
04 April 2012
Post Export Imports Cases (where exports precede imports):
************************************************
Exports are completed before any importation has taken place against the said DFI Authorization. In these cases, the licencee / exporter procures the inputs from the indigenous sources by paying Central Excise duty. These duty paid inputs are used in the manufacture of products exported under DFIA. Since the licencee has already paid Central Excise duty, he may take CENVAT credit on the inputs. This is quite possible. The importer may get the Export Obligation Discharge Certificate (EODC) also and may get an endorsement with respect to transferability of the DFIA authorization from DGFT offices.
for explaination purpose:
https://www.jawaharcustoms.gov.in/newsite/StandingOrders/SO2007/SO-38-07.htm
https://www.tradeindia.com/newsletters/trade_news/india_trade_notes_09_may_2006.html
************************************************
Exports are completed before any importation has taken place against the said DFI Authorization. In these cases, the licencee / exporter procures the inputs from the indigenous sources by paying Central Excise duty. These duty paid inputs are used in the manufacture of products exported under DFIA. Since the licencee has already paid Central Excise duty, he may take CENVAT credit on the inputs. This is quite possible. The importer may get the Export Obligation Discharge Certificate (EODC) also and may get an endorsement with respect to transferability of the DFIA authorization from DGFT offices.
for explaination purpose:
https://www.jawaharcustoms.gov.in/newsite/StandingOrders/SO2007/SO-38-07.htm
https://www.tradeindia.com/newsletters/trade_news/india_trade_notes_09_may_2006.html
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