Hi All,
1.Can any one explain about Advance Licence Procedure after obtain advance Licence,
2. After obtaining advnace licence we need to inform Execise Dept, is it mandatory???????
Please explain ASAP,
Thanks
B.Nagesh (MBA- CS Execuitve) (151 Points)
16 January 2009Hi All,
1.Can any one explain about Advance Licence Procedure after obtain advance Licence,
2. After obtaining advnace licence we need to inform Execise Dept, is it mandatory???????
Please explain ASAP,
Thanks
jignesh
(BUSINESS)
(28 Points)
Replied 16 January 2009
After obtain advance licence, you can make import raw materials on duty free basis. And you can export in the advance licence as your final product.
Also there is no any requirement to inform excise department after obtain advance licence.