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We are 100% EOU and procuring Furnace Oil under CT-3 without payment of duty.
Dept is asking to obtain annual permission under Circular No. 81/2001.
Whereas as per circular no. 29/2003 it is not required.
Please clarify
Govind.T.K.
Annual Permission for of Furnace Oil for Boilers
Hikal Ltd
Annual permission for furnace oil procurement under duty-free regime conflicts with circular guidance, requiring clarification on compliance. A 100% Export Oriented Unit procuring furnace oil under a duty-suspended CT arrangement questions whether annual permission is required, noting an apparent conflict between a circular that mandates annual permission and another circular that indicates it is unnecessary; the forum reply merely asks if the matter has been clarified. (AI Summary)
