Advance license
This query is : Resolved
19 July 2014
we have taken advance license for export, now we don't want to export material under advance license, we surrendered advance license to the department, now please tell me how to take credit of duty of that material which we purchased against advance license, and which documents needed to take credit of duty? because in bill of entry of that material its shown as against advance license.
pls. suggest me ASAP.
thanks.
pls. suggest me ASAP.
thanks.
20 July 2014
If you have surrender the advance license then you will import the input with payment of duty and take the cenvat credit if you are manufacturer and pay the duty on final prodcuts.
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21 July 2014
If u HV imported under adv.license and after that want to surrender """ u need to pay the duty which was saved at the time of import along with intrst
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22 July 2014
Mr. Ram Kumar Saini,
as you said, we imported under adv. license and after that we surrendered license, now pls. tell me on which documents we can take credit of duty(i mean for department purpose)?
as you said, we imported under adv. license and after that we surrendered license, now pls. tell me on which documents we can take credit of duty(i mean for department purpose)?
29 July 2014
Challan used for payment of duty is sufficient for taking credit
13 August 2014
thanks for your suggestion..
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