transfer of imported raw material

856 views 3 replies

case:

A company has imported raw materials for its business. The company has obtained a duty free import licence for the same. Can this company transfer/sell some of its raw materials to another group company  doing the same business? If so what are the requirements. The other company does not have any import licence.

Replies (3)
mr. alok your query is :- A company has imported raw materials for its business. The company has obtained a duty free import licence for the same. Can this company transfer/sell some of its raw materials to another group company doing the same business? If so what are the requirements. The other company does not have any import licence. replied :- if this company address mentioned as a branch / factory office in IEC CODE and u you have mentioned the supporting manufacturer AT THE TIME OF ISSUANCE THE DFIA LICENCE / SCRIP , then you can transfer it goods. RAMESH KUMAR VERMA

 Hi Alok , 

             I am planning to Import some material ( read Scrap of Coated abrasives ) from Indonesia, can you kindly update me, if there is any scheme where in I can import "duty free ", as it is around 27 % or so otherwise , and also if there is any scheme under which we can import with a lesser duty , as we are  a SSI ( turnover of 1,20,00000 for the fin year 2009-2010 )

 Thanks and Regards

 Preetham Reddy 

 preethamreddysy @ gmail.com 

 Hi Alok , 

             I am planning to Import some material ( read Scrap of Coated abrasives ) from Indonesia, can you kindly update me, if there is any scheme where in I can import "duty free ", as it is around 27 % or so otherwise , and also if there is any scheme under which we can import with a lesser duty , as we are  a SSI ( turnover of 1,20,00000 for the fin year 2009-2010 )

 Thanks and Regards

 Preetham Reddy 

 preethamreddysy @ gmail.com 


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 14 March 2026
Article Trainee

N N V Satish&co

Hyderabad

CA Inter

View Details
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 12 March 2026
Customer Relationship Executive

TAXLET

Calicut

B.Com

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details