EXPORT BENEFITS-SION
This query is : Resolved
11 March 2011
I have three product "A", "B" AND "C". Product "B" produce from product "A", Product "C" produce from Product "B".and Product "C" can directly produce from "A"
ie.A -> B -> C, & A->B , A->C
now SION for producing "B" by importing "A" is notified in SION Book. and SION for producing "C" by importing "B" is also notified. Now Can I avail Advance Licence benefit by using importing Product "A" for producing directly product "C" where SION is not availabale.
ie.A -> B -> C, & A->B , A->C
now SION for producing "B" by importing "A" is notified in SION Book. and SION for producing "C" by importing "B" is also notified. Now Can I avail Advance Licence benefit by using importing Product "A" for producing directly product "C" where SION is not availabale.
15 March 2011
The authority to Volume II lie in exercise of the powers conferred under paragraph 4.11 of Export Import Policy 1997-2002. The Standard Input Output Norms (SION) applicable to the quantitative ratio for item of export With respect to their item of import .It also provides the value addition norms wherever applicable. The Advance License scheme, the Duty Free Replenishment Certificate (DFRC) and DEPB Schemes are governed by these norms.
The Norms published in the handbook of procedure vol-2 are for the purpose of facilitating the determination of the proportion of various inputs which can be used or are required in the manufacture of different resultant products. These norms are of immense importance for the purpose of licenses under the Duty Exemption Scheme. For standardization of norms, the manufacturer exporter or merchant-exporter, tied to supporting manufacturer, duly filled in with complete data, may make an application. Such applications shall be made to the Advance Licensing Committee (ALC) in the form given in Appendix-11A. The Director General of Foreign Trade may notify such norms as recommended by the ALC.
FOR MORE INFO:-
https://dgft.delhi.nic.in/
The Norms published in the handbook of procedure vol-2 are for the purpose of facilitating the determination of the proportion of various inputs which can be used or are required in the manufacture of different resultant products. These norms are of immense importance for the purpose of licenses under the Duty Exemption Scheme. For standardization of norms, the manufacturer exporter or merchant-exporter, tied to supporting manufacturer, duly filled in with complete data, may make an application. Such applications shall be made to the Advance Licensing Committee (ALC) in the form given in Appendix-11A. The Director General of Foreign Trade may notify such norms as recommended by the ALC.
FOR MORE INFO:-
https://dgft.delhi.nic.in/
Message likes :
1 times
15 March 2011
Thanks Mr. Verma
That i am aware for fixing the norms I have to apply to JDGFT. But could it be possbile by co-orelating Three product I can take advance Licence benefits.
Example
ExpItem Qty ImpItem Qty. Allowed
B 1MT A 1.23 MT
C 1MT B 1.07 MT
Then Can I Import
C 1MT A 1.07X1.23= 1.32 MT
That i am aware for fixing the norms I have to apply to JDGFT. But could it be possbile by co-orelating Three product I can take advance Licence benefits.
Example
ExpItem Qty ImpItem Qty. Allowed
B 1MT A 1.23 MT
C 1MT B 1.07 MT
Then Can I Import
C 1MT A 1.07X1.23= 1.32 MT
15 March 2011
WILL YOU PROVIDE YOUR MOBILE NO.
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
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
