Export obligation under the advance authorisation scheme

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
16 April 2016 Dear Sir,

If an advance authorisation holder has sold its unit/branch under which the advance authorisation was obtained to its sister concern to which it was supposed to make the exports what are the implications?t
How do we calculate the export obligation in terms of quantity. I have been able to arrive at the EO in value but I am not clear about the quantity.

The DGFT has issued a notice for not meeting the export obligation

16 April 2016 Inform DGFT regarding "sale of business" and get the advance authorisation transferred to new unit.
Export by the unit will also be considered for meeting export obligation.

Contact at arbindaggarwal@yahoo.com for specific resolution.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries