EXPORT BENEFITS-SION

This query is : Resolved

Shiv (Querist)
Follow

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.

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
Follow

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/

Message likes : 1 times

Shiv

Shiv (Querist)
Follow

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

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
Follow

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

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Anirudh Sharma

Ashif Cheenikkal

sandhya.v

Angadi & Co

S J MITRA

Subscribe Now

EXPORT BENEFITS-SION

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA