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what is the purpose of Value addition

FEMA - Started By: - Nilesh Kalsariya - Dated:- 8-2-2016 Last Replied Date:- 13-5-2016 - Dear Sir,I want to know the term VALUE ADDITION in under Advance Authorization,what is the purpose of Valued Addition,how can calculate value addition,Please solve my query,ThanksKalsariya Nilesh - Reply By CS SANJAY MALHOTRA - The Reply = Dear Mr. Nilesh,Minimum Value Addition of 15% is required against the Advance Authorization. The objective is to ensure the earnings of Foreign Exchange. If your Import CI .....

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addition; you can use the following formula :-Minimum value addition of 15%, except for items specified in Appendix-11B of HBP v1 (copper cathode and copper wire roads) and for items in Gems and Jewellery sector.Value AdditionVA = {(A-B)/B} x 100- A = FOB value of exports realised.- B = CIF value of inputs covered by authorisation , plus value of any other input used on which benefit of DBK is claimed or intended to be claimed. - Reply By CS SANJAY MALHOTRA - The Reply = Thanks for addition Mr. .....

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. - Reply By CS SANJAY MALHOTRA - The Reply = Dear Mr. Nilesh,Status Certificate (Export House) is required for exemption from submission of Bank Guarantee in case of Import under EPCG & Advance Licence. Digital Signature is required for submission of Online Application for EPCG / Advance Licence at DGFT site. - Reply By Mahir S - The Reply = Thanks Sanjay ji - Reply By Nilesh Kalsariya - The Reply = Thank you very much Mr.sanjay jiif we have available IEC ,Central tax registration certifica .....

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ication of license in DGFT.and I call to Excise officer to inspection of goods at factory, at that time which document is essential to Excise officer.ThanksKalsariya Nilesh - Reply By CS SANJAY MALHOTRA - The Reply = Dear Mr. Nilesh, for seeking Advance Authorisation, online application has to be made to jurisdictional DGFT in form ANF-4A. Digital Signature is required for log into DGFT system. Do check SION Norms for your product from DGFT website. Do attach the RCMC Copy alongwith the applicat .....

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