Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

Customs-Advisory on Introduction of Special Advanced Authorisation scheme - Reg.

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... n Introduction of Special Advanced Authorisation scheme - Reg. Attention of Importers/Exporters/Trade/CBs is invited to CBEC Board Circular No.037/2016-Cus dt. 13th August 2016 on introduction of Special Advanced Authorisation Scheme in combination with AIR drawback under para 4.04A of FTP 2015-20. 2. To give effect to this scheme, the Notification No. 45/2016-Customs dated 13th August, 2016 has .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... e Authorisation. However, to utilize in combination of other schemes such as AIR drawback, EPCG during export, two more new export scheme codes have been introduced in ICES. 4.Scheme code 62 (Drawback & Spl AA (Para 4.04A of FTP)): Exporters availing AIR Drawback along with Special Advance Authorisation under 4.04A (045/2016), needs to declare export scheme code as 62 in their shipping bill. Adv .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... eclare the figure '9807' as identifier (in the shipping bill under the Drawback details) followed by the tariff item number of the goods as shown in column (1) of the Schedule and followed by the character 'D'. Based on this, the shipping bill shall be processed for payment of provisional drawback amount equivalent to the Customs portion of these alternative AIRs. 5. Scheme Code 6 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates