SALE Import RAW MATERIALS - PROCURE UNDER 12-12 CUS NOTIFICATION

[SNEHAL SHAH]

Dear sir ,

We are manufacturing of chemical goods and sale it at domestic and export market .

For Manufacturing of chemical goods , we procured raw materials from international market i.e. import without / concessional rate of customs duty vide Not No.12-12 customs 17th March 2012 .

We procured this raw materials vide Sr.No.57 ( BCD-12.50% ) without any condition i.e. ' -- '

Can we sale this Raw Materials ( procure under Not.12-12 Cus ) in domestic market ???

Kindly advise in this matter .

Regards,

SNE

[Kishan Barai]

Yes you can do domestic sale as you have paid applicable import duty.

AI Summary

Import duty compliance allows domestic sale of raw materials procured under a concessional customs notification when applicable duty is paid. Imported raw materials obtained under a concessional customs notification without an express conditional restriction may be sold domestically provided the importer has paid the applicable import duty; permissibility of domestic sale depends on duty compliance at import absent any recorded limitation on disposal.