Redemption procedure

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

04 May 2012 Dear Sir / Madam

What is procedure for issuing of new advance license
and how to redeem the license BG & BOND at custom port.

Regards
Suresh

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
Follow

04 May 2012 M. Suresh,

Advance Authorisation An Advance Authorisation is issued to allow duty free 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/utilised in the course of their use to obtain the export product, may also be allowed under the scheme.

Duty free import of mandatory spares upto 10% of the CIF value of the Authorisation which are required to be exported/ supplied with the resultant product may also be allowed under Advance Authorisation.

Advance Authorisations are issued on the basis of the inputs and export items given under SION. However, they can also be issued on the basis of Adhoc norms or self declared norms. Advance Authorisation can be issued either to a manufacturer exporter or merchant exporter tied to supporting manufacturer(s):

i) for Physical exports (including exports to SEZ); and/ or

ii) for Intermediate supplies; and /or

iii) to the main contractor for supply of goods to the categories mentioned in paragraph 8.2 (b), (c), (d), (e), (f), (g), (i) and

(iv) of the Foreign Trade Policy;

Noted also:

Advance Authorisation is issued for duty free import of inputs subject to actual user condition. Such Authorisations are exempted from payment of basic customs duty, additional customs duty, education cess, anti dumping duty and safeguard duty, if any. However, the imports for supplies covered under sub-paragraph (h) & (i) of paragraph "Categories of Supply" of Section "Deemed Exports" of this site will not be exempted from the payment of applicable anti-dumping and safeguard duty, if any.

issuance Procedure:

fro issuance keep digital key in computer system and file it.

For Advance Licence applications

1. Bank Receipt (in duplicate)/Demand Draft/EFT details evidencing payment of application fee in terms of Appendix 21B.
2. Additional documents required in case of issue of Advance Licence for Annual Requirements:
a. Statement of exports made in the preceding licensing year duly certified by a Chartered Accountant/Cost and Works Accountant in the format given in Appendix 26.
b. Self certified copy of the manufacturing licence of the applicant firm or his supporting manufacturer.
3. Additional documents required in case of issue of DFRC:
a. In case of physical exports
i. EP copy of the Shipping Bill or Bill of Export (only in case of exports through notified land Customs under paragraph 4.19)
ii. Bank Certificate of Exports and Realisation as given in Appendix 22A or Foreign Inward Remittance Certificate (FIRC) in the case of direct negotiation of documents or Appendix 22D in the case of offsetting of export proceeds with approval of RBI. In case of FIRC, a declaration from the exporter that the remittance is in respect of Shipping Bill(s) No ____________ dtd _________ shall also be furnished.
iii. Statement of exports/supplies giving separately each Shipping Bill number/Bill of export number and date, FOB/ FOR value in Indian rupees as per Shipping Bill/ Bill of export and description of the resultant product.
b. In case of deemed exports
i. Copy of the invoice duly signed by the unit receiving the material and their jurisdictional excise authorities certifying the item of supply, its quantity, value and date of such supply. However incase of supply of items, which are non-excisable product(s), a project authority certificate (PAC) certifying quantity, value and date of such supply would be acceptable in lieu of excise certification. Not withstanding the above, in respect of supplies to EOU, a copy of ARE-3 duly signed by the jurisdictional excise authorities certifying the item of supply, its quantity, value and date of such supply shall be furnished.
ii. Payment certificates from the project authority as per Appendix-22C or payment certificate or bank certificate of payment for domestic supplies as per Appendix 22B which ever is applicable.
iii. Statement of supplies giving separately each supply invoice number and date, FOR value in Indian rupees as per invoice and description of the resultant product.

4. In cases where import of fuel has been sought for the grant of Advance Licence/ Advance Licence for Annual Requirements/ DFRC (excluding Advance licence applications for ad-hoc norms and those under Para 4.7 of Handbook)
a. Self certified copy of the permission issued to the manufacturer exporter by the competent authority (concerned State Electricity Board or Power Corporation or Regulatory Commission of the State) under Section 44 of the Electricity (Supply) Act, 1948 for the installation of captive power plant based on the specified fuel unless the permission is specifically waived by the State Electricity Board; and
b. Self certified copy of the letter intimating the date of commissioning of the captive power plant from the concerned authority which issued the permission letter is to be submitted.
Note: The import of only such fuel(s) shall be allowed which have/ has been specified in the said permission.

5. Additional documents required in case of supplies under deemed export/intermediate supplies under Advance Licence Scheme:
a. Invalidation letter in case of supplies to
i. an EPCG licence holder;
ii. an Advance Licence holder;
b. Project Authority certificate in case of supplies other than (a) (i) & (ii) above and to EOU/ EHTP/ STP/BTP units;

6. Additional documents required in case of issue of Advance Licence under Para 4.7 of Handbook

a. Information as per Appendix-11A.
b. 1. Technical Details of the export product as per the details given in Appendix 33
2. Chartered Engineer certificate certifying the import requirements of raw materials in the format given in Appendix 32B
3. Production and Consumption data of the manufacturer/supporting manufacturer of the preceding three licensing years, duly certified by the Chartered accountant/ Cost & Works Accountant/ Jurisdictional Excise Authority.

for more info:

https://www.caclubindia.com/experts/advance-licence-depb-and-epcg-procedure-and-document-660395.asp

must read:

http://www.jawaharcustoms.gov.in/newsite/StandingOrders/SO2009/SO-53-09.htm

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now