ANNEXURE 111 import of goods concessional rate

[george thomas]

Dear Sir

We are procuring 2000 MTS of Crude Palm Oil from one importer by way of in bond stock transfer. Our product is coming under Customs Notification 12/2012 Sl.No.51 of 11 (A) dated 17.03.2012 last amended by notification 46 of 2015 and present Customs Duty is 12.5% with condition no.5 ( Actual User Condition and conditions asper cUSTOMS ( IMPORT OF GOODS AT CONCESSIONAL RATE OF DUTY FOR MANUFACTURE OF EXCISABLE GOODS) RULES,1996. Our application for issuance of Annexure 111 rejected by Asst.Commissioner of Central Excise for the following reasons.

1.Procurement by way of stock tranfer

2.Not Directly importing by us and notification does not cover such procurement.

Kindly clarify we arec eligible to get Annexure 111 and pay duty as per Notification No.12/2012

AI Summary

Concessional customs duty entitlement requires that the claimant be the importer; stock transfers do not qualify for Annexure issuance.
Eligibility for concessional duty under Notification No. 12/2012 requires that the goods be "imported into India" by the applicant; goods received by in-bond stock transfer from an importer, where the transferee did not import the goods, fall outside the scope of the notification and therefore do not qualify for Annexure III/111 issuance.