Advance release order (deemed export)
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 December 2013
Dear Sir / Madam
I am working in Pharma export co.
pls help me for y further query
We are looking for Deemed export against Invalidation Letter but want to confirm? can it make under dbk on second sale for eg.
Party A Supplier in India & Party B Exporter in India
'B' arrange Invalidation & RA fwd to 'A' against this, 'A' supplies the material to 'B' against Invalidation Letter (Advance Lic) same material can B export against DBK SB File?
I read FTP also but no supportig found.
Regards
Suresh
I am working in Pharma export co.
pls help me for y further query
We are looking for Deemed export against Invalidation Letter but want to confirm? can it make under dbk on second sale for eg.
Party A Supplier in India & Party B Exporter in India
'B' arrange Invalidation & RA fwd to 'A' against this, 'A' supplies the material to 'B' against Invalidation Letter (Advance Lic) same material can B export against DBK SB File?
I read FTP also but no supportig found.
Regards
Suresh
06 December 2013
Refer to DGFT Policy Circular No.9/2009-14 dated 1.10.2009 had clarified that supply of goods against Advance Release Order (ARO) is eligible for refund of duty drawback only and not for Terminal Excise Duty (TED) and supplies against invalidation letter is eligible for Advance Authorisation and TED refund.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Tds on building rent monthly
- GST ON EXPORT COMMISSION
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Sale of property furniture sale
- Confusion around Form 26QB fields
- Adjustment entry in the case of Individual and HUF on 31st March
- Stock difference tax applicable on composite rate or normal rate
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
