Duty free import under bond
This query is : Resolved
09 January 2013
Dear Sir,
I am a job worker and likely to get jobwork from abroad.
Can I import the material under Duty free Scheme against Bond? If yes, than what is the Procedure?
What happened to the scrap generated out of jobwork process?
Please guide me
I am a job worker and likely to get jobwork from abroad.
Can I import the material under Duty free Scheme against Bond? If yes, than what is the Procedure?
What happened to the scrap generated out of jobwork process?
Please guide me
15 January 2013
IF YOU WANTED TO IMPORT THROUGH THE DFIA SCHEME .
Imported material may be used in any unit of holder of Advance Authorisation or Non Transferable DFIA (subject to condition of paragraph 4.5 of this Handbook) or jobber / supporting manufacturer provided same is endorsed on authorisation by RA. If applicant desires to have name of any manufacturer or jobber added to authorisation, he may apply. Such endorsement shall be mandatory where prior import before export is a condition for availing Advance Authorisation / DFIA scheme and authorisation holder desires to have material processed through any other manufacturer or jobber.
Upon such endorsement made by RA, authorisation holder and co- authorisation holder shall jointly and severally be liable for completion of EO. Any one of co-authorisation holders
may import goods in his name or in joint names. BG/LUT shall also be furnished in their joint names.
MORE INFO:
http://www.eximguru.com/exim-procedures/2009-2014/chapter_4_duty_exemption_remission_scheme.aspx#4.16
Imported material may be used in any unit of holder of Advance Authorisation or Non Transferable DFIA (subject to condition of paragraph 4.5 of this Handbook) or jobber / supporting manufacturer provided same is endorsed on authorisation by RA. If applicant desires to have name of any manufacturer or jobber added to authorisation, he may apply. Such endorsement shall be mandatory where prior import before export is a condition for availing Advance Authorisation / DFIA scheme and authorisation holder desires to have material processed through any other manufacturer or jobber.
Upon such endorsement made by RA, authorisation holder and co- authorisation holder shall jointly and severally be liable for completion of EO. Any one of co-authorisation holders
may import goods in his name or in joint names. BG/LUT shall also be furnished in their joint names.
MORE INFO:
http://www.eximguru.com/exim-procedures/2009-2014/chapter_4_duty_exemption_remission_scheme.aspx#4.16
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