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.
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:
http://www.jawaharcustoms.gov.in/newsite/StandingOrders/SO2007/SO-38-07.htm
http://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:
http://www.jawaharcustoms.gov.in/newsite/StandingOrders/SO2007/SO-38-07.htm
http://www.tradeindia.com/newsletters/trade_news/india_trade_notes_09_may_2006.html
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
- Opting our of sec 44AD
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Transporter Declaration form
- Copyright software
- Multiple trade mark
- Value of property in capital gain
- Regarding TDS Applicability For Director Remuneration
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- LC charges in relation to Asset purchased should be Capitalised ?
- Clarification on TDS Applicability
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
