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TMI BlogSelling of goods after payment of dutyX X X X Extracts X X X X X X X X Extracts X X X X ..... Selling of goods after payment of duty X X X X Extracts X X X X X X X X Extracts X X X X ..... hich one is correct. Reply By Ravi Chopra: The Reply: Which provision of FEMA you are referring to. Since as per the policy the provisions of FEMA is applicable where cross border transactions are involved or where the foreign transaction is involved. Any supply from SEZ to DTA is treated as import into DTA for limited purpose of export / import facilities. Therefore, If you have notices any spec ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ial provision in the way of your decision, kindly specify the same with exact reference. Reply By velayutham panchatcharam: The Reply: As per FEMA - RBI/2004/17/A.P(DIR Series)Circular No.58 dated January 16, 2004 - SEZ unit can not sell in DTA As per SEZ - Rule 48/2006 - SEZ units can sell in DTA. Please clarify. Reply By Surender Gupta: The Reply: There is nothing in FEMA circular 58/2004 dated ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 16-1-2004 A.P.DIR Series which restrict supply of goods from SEZ to DTA. The restriction contained int the circular read with "Foreign Exchange Management (Establishment in India of Branch or Office or other Place of Business) Regulations, 2000" as amended, restrict the business activity of a foreign company who is establishing branch office in India. For the purpose of removal of goods from DTA t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... o SEZ, I like to refer the FEMA circualr no. 105 dated 16-6-2003 in which DTA units are permitted to buy foreign exchange for the purpose of making payment to the SEZ units. X X X X Extracts X X X X X X X X Extracts X X X X
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