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Import Under Concessional rate of duty & same export under advance license sheme, Customs - Exim - SEZ |
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Import Under Concessional rate of duty & same export under advance license sheme |
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Respected sir, We are importing raw material under concessional rate of duty and also under advance license for manufacturing of our cable product Here my query is in case of export can we avail benefits of advance license even if raw material consumed is of goods imported under concessional rate of duty. regards - Keyur Goswami Posts / Replies Showing Replies 1 to 7 of 7 Records Page: 1
In my view, both schemes must not be inter-mingled. Do not commit record based mistake. You will find problem in convincing the department, if hybrid procedure is adopted.
thank's for the information , also i want to know is there any prior notification regarding this subject which specify such in details.
No. My reply is based on common knowledge No two schemes should be overlapped or intermingled. Otherwise it can create problem during audit. There is no possibility for any Authority on such issue.
Noted & thank your very much sir My one more query is we are importing the RM under advance license wherein no paying the GST as exempted under license . Now question is that … Can we supply the FG ( Domestic sales ) under exemption certificate / Undertaking / to solar Power projects or any Government Body with 5% GST instead of full rate 18%) if said FG produced from that particular RM.
Not allowed.
Noted & thank's
In addition to above replies generally concessional rate of duty on goods associated along with certain conations which needs to be fulfilled mutis mutandi where as goods imported against or obtained indigenously against Advance Authorization are subject to export of goods manufactured by using such goods. Both the schemes cannot be used simultaneously. Further if on imported goods if procured against AA and no IGST is paid then goods cannot be supplied/exported with the payment of IGST, Even if paid then no refund will be allowed. Page: 1 Old Query - New Comments are closed. |
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