TMI BlogIMPORT RAW MATERIAL FOR PRODUCTION OF EXPORT ORDERX X X X Extracts X X X X X X X X Extracts X X X X ..... Sir, We have received one order from foreign client . Foreign client write one condiion in this order that one parts of this mateiral will be supply by him other will be produciton from india . Now question is that how we will import this parts ? Pl. Suggest all this procedure . Thanks, SNE - Reply By Pradeep Khatri - The Reply = You may import this part on payment of dut ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y and while exporting the finished goods, you may avail the duty drawback ( i.e. customs duty paid on the imported part used in manufacturing of finished goods) under Section 75 of the Customs Act, 1962 . You may opt for either All industry rate or go for Brand Rate fixation in this regard. - Reply By Pradeep Khatri - The Reply = In continution to my reply, you may also opt for DFIA or A ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... dvance Authorisation in this regard depending on your need. - Reply By Radha Arun - The Reply = notification 32/97-Cus provides for duty-free import of material for job work. The product must be exported within 6 months. Certain procedures have to be followed. You can see the notification under the 'Customs' tab in this site. ("Notifications Circulars" - "Exemption / Tariff Notifications") ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - IMPORT RAW MATERIAL FOR PRODUCTION OF EXPORT ORDER - Query Started By: - SNEHAL SHAH Dated:- 8-5-2012 Customs - Import - Export - Customs - SEZ - Got 3 Replies - Customs - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
