TaxTMI 
TaxTMI 
ADVANCE LICENSE ( DEEC )
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....DVANCE LICENSE ( DEEC )<br> Query (Issue) Started By: - SNEHAL SHAH Dated:- 24-3-2015 Last Reply Date:- 8-4-2015 Customs - Exim - SEZ<br>Got 3 Replies<br>Customs<br>Sir , We have import the Input Raw....
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.... Material under Advance license with out payment of Custom and Excise duty . Now we have import this Input material against Export order of party . But due to some circumstances Customer cancel the o....
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....rder . Now we have to dispose off this input material . Plz guide us Customs and Excise formalities . Thx SNEHAL SHAH Reply By MUKUND THAKKAR: The Reply: please contact from which port you had r....
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....eleased your import goods against advance authorization. and pay custom duty along with interest and penalty. and inform all details of duty payments to your DGFT office for regularized your matter. ....
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....Before completed formalities of custom it is not advisable to dispose off input material. Reply By Naveed S: The Reply: Yes sir.. In your case, It is advisable to pay the duty, interest and penalty....
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.... amount at the earliest. Reply By SNEHAL SHAH: The Reply: Sir, After payment of all Duty + interest + Penalty , can we sale it at local market this Input material or use in our production and sale ....
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....FG in local market . Plz suggest sir , Thanks and Regards, SNEHAL SHAH<br> Discussion Forum - Knowledge Sharing ....