Fps claim with advance authorisation / license
This query is : Resolved
Prashanth Bhat
(Querist)
16 January 2012
Iam Prashanth Bhat, Cost Accountant, wish to know whether we can claim Focus Product Scheme Benefit with advance authorisation/license for raw material imports. The end product is electrical goods which is eligible for 2% FPS Benefits.
RAMESH KUMAR VERMA
(Expert)
16 January 2012
yes admissible sir...
Refer to DGFT Public Notice No. 53(RE-2010)/ 2009-14 New Delhi, the 03rd June, 2011 , para3.11.8 of HBP Vol I( 2009-14) says that:
But declaration will be mentioned Shipping Bills filed under Chapter 4 (including drawback) needed a “Declaration of Intent” for claiming chapter 3 benefits. Now this “Declaration of Intent” is required only on Free Shipping Bills for claiming Chapter 3 benefits.
Regards,
Ramesh verma :foreign trade consultant”
Refer to DGFT Public Notice No. 53(RE-2010)/ 2009-14 New Delhi, the 03rd June, 2011 , para3.11.8 of HBP Vol I( 2009-14) says that:
But declaration will be mentioned Shipping Bills filed under Chapter 4 (including drawback) needed a “Declaration of Intent” for claiming chapter 3 benefits. Now this “Declaration of Intent” is required only on Free Shipping Bills for claiming Chapter 3 benefits.
Regards,
Ramesh verma :foreign trade consultant”
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