To save import duty on plastic trays, bins, boxes etc.
Querist : Anonymous
We are a manufacturer & exporter. We have a plan to import material handling plastic trays, bins, boxes etc. These material handling equipments used in our prouction line.
Is there any option to save import duty of the said material.
Please guide us.
Thank you.
An advance licence is granted for the import of inputs without payment of basic customs duty. Such licences shall be issued in accordance with the policy and procedure in force on the date of issue of the licence and shall be subject to the fulfillment of a time-bound export obligation, and value addition as maybe specified. Advance licences maybe either value based or quantity based.
Advance Licence is an export facilitation scheme, whereby, the exporter is permitted to import the input materials without payment of Customs duties and utilise them in the manufacture of goods, which are subsequently exported in discharge of the export obligation cast on such Advance Licence holder.
further info:
https://www.caclubindia.com/share_files/handbook-of-procedures-2012-13-48292.asp#.ULxX4Gc-1tg
Querist : Anonymous
Thank you Sir.
But these plastic trays, bins, boxes etc.we will use only in our plant. We will not export it finish goods.
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