Export against ct 1 to export house
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 June 2016
DEAR SIR
HOW TO TAKE BENEFIT OF EXPORT IF EXPORT DONE AGAINST CT1 TO EXPORT HOUSE
ANY BENEFIT AGAINST CHAPTER 4 ???? CHAPTER 5 OF FOREIGN TRADE POLICY
HOW TO TAKE BENEFIT OF EXPORT IF EXPORT DONE AGAINST CT1 TO EXPORT HOUSE
ANY BENEFIT AGAINST CHAPTER 4 ???? CHAPTER 5 OF FOREIGN TRADE POLICY
Dr.RAMAKRISHNA. C
(Expert)
03 August 2016
According to paragraph 2.42 of the current Foreign Trade Policy ( FTP) 2015-2020 third party exports are allowed . However, Chapter 4 of current Foreign Trade Policy is silent on third party exports (against CT-1)
Chapter 5 of FTP (EPCG Scheme) vide paragraph 5.10 (b) of Hand Books of Procedures of FTP 2015-20 allows exports through third party(ies).
In such cases, export documents such as shipping bills shall indicate name of both manufacturing exporter/manufacturer and third party exporter(s). Bank Realisation Certificate (BRC), Self Declaration Form (SDF), export order and invoice should be in the name of third party exporter.
Chapter 5 of FTP (EPCG Scheme) vide paragraph 5.10 (b) of Hand Books of Procedures of FTP 2015-20 allows exports through third party(ies).
In such cases, export documents such as shipping bills shall indicate name of both manufacturing exporter/manufacturer and third party exporter(s). Bank Realisation Certificate (BRC), Self Declaration Form (SDF), export order and invoice should be in the name of third party exporter.
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