EO against AA can be discharged through physical/deemed exports
Business Standard|June 25, 2024
Para 4.30 of HBP prescribes the procedure for obtaining advance authorisation (AA) for intermediate supplies.
T N C RAJAGOPALAN
EO against AA can be discharged through physical/deemed exports

This is somewhat inconvenient for us because we have a number of customers to whom we have to supply our goods that they will use as inputs in their manufacture of the export products. We have to enter into tie-up agreements with each one of them and we have to wait for the invalidation letters issued against their AA every time and then apply for our AA for intermediate supplies. We are considering obtaining AA for physical imports, import our raw materials under notification 21/2023-Cus dated April 1, 2023, manufacture the intermediates and then supply against invalidation letters as and when they are issued. Are we likely to encounter any difficulties under this type of arrangement?

هذه القصة مأخوذة من طبعة June 25, 2024 من Business Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة June 25, 2024 من Business Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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