TMI BlogADVANCE LICENCE OF PLASTIC PRODUCTX X X X Extracts X X X X X X X X Extracts X X X X ..... ADVANCE LICENCE OF PLASTIC PRODUCT X X X X Extracts X X X X X X X X Extracts X X X X ..... you can manufacture goods & export it. My question is for example if for exports the domestic duty paid raw material is being used & exported (govt export obligation is fulfiled prior to import of duty free raw material) after the exports are done, can we import raw material & sell it on domestic market? The GST will be charged & will be paid. Is it ok to sell the material in domestic market? ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... The problem here is the domestic raw material which was purchased to manufacture goods for exports so the difference of duty is a blocked funds from our costing which was calculated at the time of taking the orders. Regards Abhishek Reply By KASTURI SETHI: The Reply: No. You can import material after exports but cannot sell in domestic market as per Advance Authorisation conditions. Reply By ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... CSSANJAY MALHOTRA: The Reply: Imports can be made after exports but the same has to be used for manufacture of FG which can be sold in domestic market on payment of GST. This is allowed under FTP. You could have explored other options such as Refund of ITC where the goods are exported under Bond / LUT so that the funds may not be blocked even if the export clearances have been made under AA. R ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... eply By raghunandhaanan r vi:
The Reply:
You may refer Para 4.27 of Hand Book Procedure X X X X Extracts X X X X X X X X Extracts X X X X
|