Export from DTA Unit to SEZ Unit with same I.E.C.

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Export from DTA Unit to SEZ Unit with same I.E.C.
Query (Issue) Started By: - Ritesh Dave Dated:- 24-9-2019 Last Reply Date:- 19-5-2020 Customs - Exim - SEZ
Got 6 Replies
Customs
Dear All, We have one Unit in the DTA area and another Unit in SEZ area with same name and with same I.E.C. DTA unit produce raw materials which used in finished products of SEZ Unit. Finished products is ex .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ported from SEZ Unit. DTA unit obtained the Advance Authorization for the import of raw materials of finished goods of DTA unit and exports the same against the SEZ unit. Can supplies of DTA unit is considered as exports if both the company name is same and having same I.E.C. ? Kindly reply. Regards, Ritesh Dave Reply By KASTURI SETHI: The Reply: In my view, yes. Reply By atul rathod: The R .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... eply: Yes, as there is no restriction in SEZ Act. SEZ A Reply By atul rathod: The Reply: Yes. I understand that there is no such restriction in SEZ Act. SEZ act simply says that procurement from DTA act would be import and the same would be called as export from DTA Side. Reply By Shilpi Jain: The Reply: This query is in the light of the fulfillment of export obligation w.r.t. the advance au .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... thorisation. As per para 4.05 of FTP AA would be issued for (i) Physical export (including export to SEZ); Further as per para 4.21 of FTP (iii) Export to SEZ Units shall be taken into account for discharge of export obligation provided payment is realised from Foreign Currency Account of the SEZ unit. So realisation from foreign currency account of SEZ is necessary to be considered for fulfi .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... llment of EO. Reply By atul rathod: The Reply: Query is related to -will the supplies by DTA unit to SEZ unit having same name ( other business vertical/branch) & IEC code would still be considered as fullfillment of export obligation under AA for DTA. Reply By YAGAY andSUN: The Reply: In our view no as sale to self is no sales. It is a settled legal position.
Discussion Forum - Knowledge .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Sharing .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X