Storing inputs in outside rented godown procured under Advance authoristion

[SANTOSH SHARMA]

Dear Sir,

We are importing inputs under advance Authorisation as well as on payment of normal duties. We have take permission of Asst. Comm. of Central Excise under Cenvat Credit Rule 8 for Storing of inputs outside factory premises.

In this context, we have two which is given below:-

1]   Can we also store inputs in outside rented godown procured under Advance authoristion?  If yes, then please quote authority.

2]   If we clear inputs under advance authorisation & pay CVD on that material, what will be the situation, if we want to store outside factory premises.

3]   R we need to take any other permission if we want to do it?

 Please suggest & quote authority in support of your reply. 

Regards,

SANTOSH SHARMA

[YAGAY andSUN]

You would have to get the advance permission fron DGFT and also inform the Customs Department in this regard.

[SANTOSH SHARMA]

Dear Pradeep Ji,

Can you quote authority under FTP and Customs which can proof this procedure? Please.

 

Redgs,

SANTOSH SHARMA

[YAGAY andSUN]

Following are the concerned persons,viz:

1. Jurisdictional Commissioner of Customs.
2. Joint Director General of Foreign Trade.

[SANTOSH SHARMA]

Actually we want to know any circular, notification or any rule which empower an assessee to do it law fully or which can be quote when any officer ask us.

AI Summary

Storing imported inputs outside factory requires advance Foreign Trade Policy permission, Customs notification and Cenvat authority approval. Storing inputs imported under Advance Authorisation in outside rented godowns requires prior approval under Cenvat Credit Rule 8 for off site storage, advance permission under the Foreign Trade Policy, and informing the Customs administration; the jurisdictional customs commissioner and the Foreign Trade Policy licensing authority are the operative contacts. No specific circular or notification was cited in the discussion.