TMI BlogSupplier under 40/2017-C.T. (Rate) vs Imports on Adv AuthorisationX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Experts, I have a scenario wherein the raw materials are imported under advance authorization without payment of Customs and IGST. The finished goods manufactured using such imported raw materail is supplied to a merchant exporter following the procedure of notification 40/2017-CT (Rate) at 0.5% + 0.5% GST. Will such transactions be considered towards fulfillment of export obligation for ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... procurement of raw materials under advance authorization? Thanks, Ganesh - Reply By Ganesh S - The Reply = Dear Experts, Any views? To add to the question. The Merchant Exporter is not a AA or DFIA holder. Thanks, Ganesh - Reply By Rajagopalan Ranganathan - The Reply = Sir, Advance Authorization can be availed by manufacturer exporters or merchant exporters who are linked with su ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... pporting manufacturers for physical exports (including exports to SEZ), intermediate supplies, and supply of stores on board of foreign going vessel/aircraft (conditions apply). The conditions are prescribed by FTP or DGFT through notifications. In view of the above, in my opinion, such transactions are considered towards fulfilment of export obligation for procurement of raw materials under ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... advance authorization. - Reply By Ganesh S - The Reply = Dear Sir, In the given scenario, the merchant exporter (without AA/DFIA) is a third party. The manufacturing unit having AA is not a supporting manufacturer of the the Merchant Exporter. Can such exports through merchant exporter still be considered for EO of the manufacturer against it's AA. Thanks Ganesh - Reply By Rajagopalan R ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... anganathan - The Reply = Sir,t If the merchant exporter does not have a tie-up with the manufacturer who is holding the AA, then exports made through the merchant exporter will not be taken into account to arrive at the export obligation of AA holder. - Reply By Ganesh S - The Reply = Thanks Sir. Ganesh. - Supplier under 40/2017-C.T. (Rate) vs Imports on Adv Authorisation - Query Started By ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... : - Ganesh S Dated:- 24-6-2021 Customs - Import - Export - Customs - SEZ - Got 5 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
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