TaxTMI 
TaxTMI 
Annual Advance Licensing Scheme for manufacturer exporters - regarding
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....issued to eligible exporters under the scheme which would come into operation with effect from 1.7.1999. 2. (i) Manufacturer exporters with export performance of Rs. 1 crore in the preceding year and registered with Central Excise authorities except for products which are not exciseable and for which no registration is required, and (ii) Merchant Exporters holding Export House, Trading House, Star Trading House or Super Star Trading House status and having the name & address of the supporting manufacturer declared on the Licence, shall be eligible to avail this scheme 3. The salient features of the scheme are as follows: Imports (i) Eligibility : Annual Advance Licences shall be issued with positive value addition for an export pr....
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....harged by exporting the resultant products within the period specified in the Annual Advance Licence. The licence holder shall account for the utilisation of the imported inputs in the export product in terms of the S.I.O. norms. Export obligation shall be treated as discharged when the imported inputs are utilised in the export product which is exported, and the export obligation specified in the Annual Advance Licence is discharged in full by exporting resultant product and the export proceeds are realised in full.4. Following procedure may be adopted for implementation of the Annual Advance Licensing Scheme. Exports: 4.1 Filing of Shipping Bill for Export : Exporters working under Annual Advance Licensing Scheme shall file a shipp....
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.... be drawn only when necessary. 4.5 Endorsement of part E & F of DEEC Book : Customs Officer at the port of export, shall enter the full details of the export goods in pat E & F of the DEEC Book at the time of permitting export. He shall also endorse the exports in part F of the DEEC. Simultaneously, the fact of endorsement of export on the DEEC shall be recorded on the shipping bills as follows "Entered at Sl. No. .......................................... of part F of DEEC No. ............................... dt ............................... " 5. Imports 5.1 Registration of Annual Advance Licence & Issue of TRA : Prior to first imports against Annual Advance Licence, the Licence and DEEC (Imports) shall be registered at the....
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.... However, the licence holder shall have to maintain the nexus between the imported input & the resultant product & account for the inputs as per the said input output norms. 5.4 In case there is a change in SIO norms during the validity period of the licence, the licence holder shall account for raw material in respect of the exports made prior to the date of amendment, as per the revised norms and for exports made on or after the date of amendment, as per the revised norms. 5.5 Full details of imports in part C of DEEC to be given with B/E & import documents. At the time of clearance of goods from customs, the Licence holder shall furnish the full details of the inputs under import alongwith the B/E & import documents which shall be....