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

AI Summary

Manufacturing Company Permitted to Sell Imported Raw Materials Domestically Under Notification 12-12 Customs, Serial No. 57 A manufacturing company inquires whether they can sell imported raw materials, procured under Notification 12-12 Customs at a concessional rate, in the domestic market. The raw materials were imported without any specific conditions under Serial No. 57 with a basic customs duty of 12.50%. A respondent confirms that domestic sales are permissible since the applicable import duty has been paid.