Fms scrip

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Siddhi Nath Chaturvedi

Siddhi Nath Chaturvedi (Querist)
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29 December 2011 Sir,
Can we avail FMS scrip if we have made export under Advance license scheme or DBK.

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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29 December 2011 In order to promote exports and to obtain foreign exchange, the Government of India had framed several schemes. These schemes grant incentive and other benefits. Under schemes, raw material and other components can be imported without payment of customs duty for use in goods to be exported. Export Credits Export incentives take the form of cash assistance or cash compensatory support on exports of certain items, duty drawback, i.e., a refund of central excise and customs duties levied on raw materials and components used in the manufacture of exports, import replenishment to replace imported raw materials and components used in the manufacture of exports, airfreight subsidy on the export of certain products, special treatment for export-oriented units for import of raw materials, and credit facilities from approved financial institutions at pre-shipment and post-shipment stages.

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RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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29 December 2011 for more information produce eight digit ITC CODE.

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Siddhi Nath Chaturvedi

Siddhi Nath Chaturvedi (Querist)
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29 December 2011 Ok sir actually we have 5 group of company and 4 company is involving in Import and 1 company is engenged in export then can group company take the FMS scrip or not.

Siddhi Nath Chaturvedi

Siddhi Nath Chaturvedi (Querist)
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29 December 2011 Ok sir actually we have 5 group of company and 4 company is involving in Import and 1 company is engenged in export then can group company take the FMS scrip or not.

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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29 December 2011 ok,
please provide your IEC CODE nd 3 first digit of your company so that i can check , not forget 8 digit itc code of export, (you can admissible)

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