TMI BlogNotification 54/2015X X X X Extracts X X X X X X X X Extracts X X X X ..... Hi We are registered company into Trawler - fishing vessels construction having IEC and Central excise registration. We will import Raw materials(steel plates, Angles etc) and parts(Marine Engine Gear box) for construction of trawlers. As per customs notifications goods falling under 8902 has been charged Nil rate of duty. However we are not clear on procedure to avail this benefit. Can som ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... eone help me to get the clarity. Thanks in advance! - Reply By raghunandhaanan r vi - The Reply = Sir, Raw materials and parts may be imported for manufacture of trawlers falling under CTH 8902 @ Nil rate of duty provided the importer follow the procedures laid down under Customs (Import of Goods at Concessional Rate of duty for manufacture of Excisable goods) Rules 2016 . Under thi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s Rule, Importer is required to intimate Central Excise about your intention to avail the Notification benefit by following the procedures set out in this Rules 2016 and execute a bond for duty saved amount as prescribed in the Rules. On acceptance of the bond and security by central excise, procurement certificate will be issued by Central excise to customs to enable you to avail the duty ex ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... emption on your imports For more clarity on this, please refer the Rules 2016 available on www.cbec.gov.in - Notification 54/2015 - Query Started By: - lakshmanan boopalan Dated:- 18-4-2017 Customs - Import - Export - Customs - SEZ - Got 1 Reply - Customs - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanag ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
