Imports from Singapore under FTA

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anckoora (Querist)
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11 July 2011 Dear Sir,
I am importimg Solar Glass Tubes from China. Product HSN Code is 85439000. Actual name of my product is "Vaccum Tube Solar Collector". At present I am paying 10% Basic Custom Duty & $ % Addl. Duty. After importing I sell it in india to Solar Water Heater Manufacturers.

(1)Now, I would like you to refer Noti.No.75/2005-customs dt 22.07.2005 and Sr.No.2260. Under this, if I import from Singapore, the I get "exemption from so much of the duty of customs leviable thereon as is in excess of 95% of the applied rate of duty" Pl. go thro' this noti. & let me know, how much % of duty exemption I will get - if I import from Sinagapore.
(2)Also refer Noti No 21/2002-customs dt 01.03.2002 - Sr.no. 223. This entry is for "Vaccume Tube Solar Collector" I can import in that name and provide me full HSN code under chapter-84. Under this also, I can get exemption / concession. Pl. study it in detail and let me know.

awaiting your positive reply, I remian
anckoora.

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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15 July 2011 you are advised to if you are a valid export house holder apply for ADVANCE LICENCE in DGFT and then import this item as no custom duty imposed on you.

Advance Licence:-

An Advance Licence is issued under Duty Exemption Scheme to allow import of inputs which are physically incorporated in the export product (making normal allowance for wastage). In addition, fuel, oil, energy, catalysts etc. which are consumed in the course of their use to obtain the export product, may also be allowed under the scheme. Advance Licence can be issued for:-

1. Physical exports
2. Intermediate supplies
3. Deemed exports.

For physical exports, Advance Licence can also be issued on the basis of annual requirement in respect of export products for which SIONs have been notified. Duty Remission Scheme consists of

1. Duty Free Replenishment Certificate and
2. Duty Entitlement Passbook Scheme.

The scheme allows drawback of import charges on inputs used in the export product (making normal allowance for the wastage). In general units primarily engaged in production of domestic market can also get required inputs free of duty for executing an export order under the duty exemption scheme for which they are required to execute a bond with customs authorities and are required to fulfill the export obligation.

anckoora

anckoora (Querist)
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15 July 2011 But sir, I am not exporting this imported goods. I sell it in india only.
I would once again request you to go thro' the said notification. With your expertize, you can better interprete this notifications.
So from this angle, please advise me.
regards
anckoora

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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15 July 2011 THE NOTIFICATION IS CONCERNED WITH THE IMPORTER / EXPORTED NOT CONCERNED WITH THE INDIVIDUAL .

anckoora

anckoora (Querist)
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16 July 2011 Yes sir, I am an Importer. My firm is partnership having IEC code, VAT PAN etc.

Now, pl. guide me
anckoora

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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16 July 2011 Hence you are advised to paid the custom duty as per Noti.No.75/2005-customs dt 22.07.2005 this is latest notification No. 21/2002 is old.

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