MUKESH PAREEK (service) (64 Points)
06 August 2012We are manufacurer and exporting our goods to various country. one of our consignment expored to USA on 04/01/2012 from our factory and vessel sealed on 14/01/2012 but our CHA provided proof of export now so if we submit these proof of export in excise department what will be heppen ?
in short our goods are physicaly exported within six month but we fail to submit proof of export within six month what will be the penalty or interest ?
pls.anyone confirm ?
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 07 August 2012
sealed on 14/01/2012 and exported on ................................?
u had to write to DC for relaxation of time for submitting the proof of export.
Parag
(Account Assistant)
(32 Points)
Replied 16 September 2012
| Originally posted by : U S Sharma | ||
 |
sealed on 14/01/2012 and exported on ................................? u had to write to DC for relaxation of time for submitting the proof of export. |
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If they fail to submit Proof of Export within six month from date of Export what would be penaly for same ??
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 16 September 2012
in case of failure to submit POE within six months they have to pay duty with interest on the value of clearance.
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before hand i asked for correct data as goods sealed on 14/01/2012 can be exported only after that date i.e 14/01/2012, but the query poster has mentioned 04/01/2012 as export date, how it can be possible to export the goods before clearance from factory :)
CAclubindia
