Plastic Granules import

[Gopalarathnam Muralidharan]

A private limited company has IE Code and also registered under Central Excise as a dealer.   The company imports Plastic granules which neither come under Prohibited or Restricted list in terms of Foreign Trade Policy 2009 to 2014.

Now my querry is in addition to obtaining IE Code from DGFT should we to take import licence from Central Excise authorities.  Pl enlighten

[Rajagopalan Ranganathan]

Sir

     Import licence is not granted by central excise authorities.  It is granted by DGFT.  Since you have mentioned that Plastic granules is neither come under Prohibited or Restricted list in terms of Foreign Trade Policy 2009 to 2014 no import licence is required since plastic granules are freely importable.

  

[S RAMAN]

Plastic granules comes under customs tariff of 39 and imports can be done under OGL. One can stock and sale or for self consumption.

[YAGAY andSUN]

Dear Gopalarathnam,

Well, we have gone through you query, we understand from the above that you are talking about the 'END USE Bond'.  If you have imported the Plastic Granules on concessional rate of duty, then, you would have to get a certificate from the Central Excise Department on the usage of plastic granules in manufacturing of finished goods.

Please discuss with us if we had correctly understood your query.

We remain.

Team YAGAY & SUN

(Management & Indirect Tax Consultants)

Mobile:- 9818131923

AI Summary

No Import License Needed for Plastic Granules Under OGL, Certificate Required for Concessional Duty Imports. A private limited company, registered under Central Excise as a dealer, inquired about the necessity of obtaining an import license from Central Excise for importing plastic granules, which are not on the Prohibited or Restricted list according to the Foreign Trade Policy 2009-2014. Responses clarified that import licenses are issued by DGFT, not Central Excise, and since plastic granules are freely importable under the Open General License (OGL), no additional license is needed. However, if imported at a concessional duty rate, a certificate on the usage of these granules from the Central Excise Department is required.