EOU- sale of imported rm-accounting code

[arbs sarma]

sir,

In terms of para6.15(b) of FTP, EOU can sell unutilized rm impoted/domestically procure in DTA on payment of applicable uties

In case of sale of unutilized imported raw material in DTA what is the accounting code under which duty has to paid i.e., 0037 (Customs) or 0038 (excise).

[YAGAY andSUN]

It's 0037 (Customs) code.

[Kishan Barai]

Custom accounting code or if you are unable to transfer you can disposed of in a DTA on payment of applicable custom duties.

AI Summary

Sale of unutilized imported raw material: duty payable under customs accounting code 0037; DTA disposal allowed on duty payment. EOUs may sell unutilized imported raw material in the DTA on payment of applicable duties; duty for such sale is to be paid under the customs accounting code 0037, and if transfer is not feasible the goods may be disposed in the DTA on payment of applicable customs duties.