Eo advance lics
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 January 2012
HI,
Can any one tell me our Export obligation was 50MT but we have exported 56MT on advance license. can we apply for redemption of the license without any hassle.
Can any one tell me our Export obligation was 50MT but we have exported 56MT on advance license. can we apply for redemption of the license without any hassle.
03 January 2012
yes anonymous you can apply for redemption in concerned R.L.A But have you completed E.O. FULFILLED AS PER QUANTITY AND VALUE WISE TOO
REGARDS,
REGARDS,
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 January 2012
Yes Sir Our export obligation was 50MT but we have exported 56MT QTY and based on value it was 6250000.00 Rs and we have exported 6300000.00 Rs.
03 January 2012
For Redemption of Advance Authorisation
a. For physical exports:
1. Bank Certificate of Exports and Realisation in the form given at Appendix 22A or Foreign Inward Remittance Certificate (FIRC) in the case of direct negotiation of documents or Appendix 22D in case of offsetting of export proceeds. However, realisation of export proceeds shall not be insisted if the shipments are made against confirmed irrevocable letter of credit or bill of exchange is unconditionally Avalised/ Co- Accepted/ Guaranteed by a bank and the same is confirmed by the exporters bank and certified by the bank in column 14/15 of Appendix 22A.
2. EP copy of the shipping bill(s) containing details of shipment effected or bill of export in case of export to SEZ
3. A statement of exports giving details of shipping bill wise exports indicating the shipping bill number, date, FOB value as per shipping bill and description of export product
4. A statement of imports indicating bill of entry wise item of imports, quantity of imports and its CIF value.
b. For deemed exports
1. A copy of the invoice or a statement of invoices duly signed by the unit receiving the material and their jurisdictional excise authorities certifying the item of supply, its quantity, value and date of such supply. However in case of supply of items which are non excisable or supply of excisable items to a unit producing non excisable product(s), a project authority certificate (PAC) certifying quantity, value and date of supply would be acceptable in lieu of excise certification. However, in respect of supplies to EOU/EHTP/ STP/ BTP, a copy of CT-3/ARE-3 duly signed by the jurisdictional excise authorities certifying the item of supply, its quantity, value and date of such supply can be furnished in lieu of the excise attested invoice (s) or statement of invoices as given above.
2. Payment certificate from the project authority in the form given in Appendix-22C. In the case of Advance Authorisation for Intermediate Supplies/ deemed exports, supplies to the EOUs/ EHTPs/STPs/ BTPs, documentary evidence from the bank substantiating the realisation of proceeds from the Authorisation holder or EOUs/EHTPs/ STPs/ BTPs, as the case may be, through the normal banking channel, shall be furnished in the form given at Appendix 22B. However realisation of proceeds shall not be insisted upon if the shipments are made against confirmed irrevocable inland letter of credit or inland bill of exchange is unconditionally Avalised/ Co- Accepted/ Guaranteed by a bank and the same is confirmed by the exporters bank and certified by the bank in column 5/6/7 of Appendix 22B
3. A statement of supplies giving details of supply invoices and indicating the invoice number, date, FOR value as per invoices and description of product
4. A statement of imports indicating bill of entry wise item of imports, quantity of imports and its CIF value
if you have compliance of above said law Apply for Redemption in concerned CLA.
a. For physical exports:
1. Bank Certificate of Exports and Realisation in the form given at Appendix 22A or Foreign Inward Remittance Certificate (FIRC) in the case of direct negotiation of documents or Appendix 22D in case of offsetting of export proceeds. However, realisation of export proceeds shall not be insisted if the shipments are made against confirmed irrevocable letter of credit or bill of exchange is unconditionally Avalised/ Co- Accepted/ Guaranteed by a bank and the same is confirmed by the exporters bank and certified by the bank in column 14/15 of Appendix 22A.
2. EP copy of the shipping bill(s) containing details of shipment effected or bill of export in case of export to SEZ
3. A statement of exports giving details of shipping bill wise exports indicating the shipping bill number, date, FOB value as per shipping bill and description of export product
4. A statement of imports indicating bill of entry wise item of imports, quantity of imports and its CIF value.
b. For deemed exports
1. A copy of the invoice or a statement of invoices duly signed by the unit receiving the material and their jurisdictional excise authorities certifying the item of supply, its quantity, value and date of such supply. However in case of supply of items which are non excisable or supply of excisable items to a unit producing non excisable product(s), a project authority certificate (PAC) certifying quantity, value and date of supply would be acceptable in lieu of excise certification. However, in respect of supplies to EOU/EHTP/ STP/ BTP, a copy of CT-3/ARE-3 duly signed by the jurisdictional excise authorities certifying the item of supply, its quantity, value and date of such supply can be furnished in lieu of the excise attested invoice (s) or statement of invoices as given above.
2. Payment certificate from the project authority in the form given in Appendix-22C. In the case of Advance Authorisation for Intermediate Supplies/ deemed exports, supplies to the EOUs/ EHTPs/STPs/ BTPs, documentary evidence from the bank substantiating the realisation of proceeds from the Authorisation holder or EOUs/EHTPs/ STPs/ BTPs, as the case may be, through the normal banking channel, shall be furnished in the form given at Appendix 22B. However realisation of proceeds shall not be insisted upon if the shipments are made against confirmed irrevocable inland letter of credit or inland bill of exchange is unconditionally Avalised/ Co- Accepted/ Guaranteed by a bank and the same is confirmed by the exporters bank and certified by the bank in column 5/6/7 of Appendix 22B
3. A statement of supplies giving details of supply invoices and indicating the invoice number, date, FOR value as per invoices and description of product
4. A statement of imports indicating bill of entry wise item of imports, quantity of imports and its CIF value
if you have compliance of above said law Apply for Redemption in concerned CLA.
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