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FEATURES OF 100% duty free Advance Licence (Shipmentwise)

 

DEFINITON :
1 An Advance Licene is issued under Duty Exemption Scheme to allow import of inputs, which are
Physically incorporated in the export product(making normal allowance for wastage). In addition fuel, Oil, energy,Catalyst etc which are consumed in the course of their use to obtain export product.
2 Advance Licence can be issued for Physical Exports, Intermediate Supplies for Exports and Deemed
Exports and can be granted to a merchant-exporter or manufacturer-exporter for the import of inputs
required for the manufacture of goods
 
FEATURES :
A Advance Licence can be issued for Physical Exports, Intermediate Supplies for Exports and Deemed
Exports and can be granted to a merchant-exporter or manufacturer-exporter for the import of inputs
required for the manufacture of goods
B Advance Licences for Physical export are exempted from
Basic Customs Duty, Surcharge, Additional Customs Duty, Anti-Dumping Duty & Safeguard Duty,
C Advance Licences for Intermediate Manufacturer are exempted from Basic Customs Duty, Surcharge, Additional Customs Duty
and not from Anti-Dumping Duty and Safe-guard Duty
D Advance Licence for deemed export is exempted only from
Basic Customs Duty, Surcharge, Additional Customs Duty
and not from Anti-Dumping Duty and Safe-guard Duty
E All these licences are now subjected to actual user condition and are made non transferrable or material imported thereunder is not transferred even after completion of export obligation.
F Both Merchant and manufacturer Exporters are eligible for Adv Lic Scheme
G Any item except those appearing in the negative list of imports shall be allowed to import
H Advance Lic Scheme is operated for both Adhoc/Notiied Normsfixed by Ministry of Commerce
I

Application fee is Rs. 2/- per thousand for Duty Entitlement Credit

J Adv Lic is valid for 18 months. No revalidation is allowed
K Pre and Post Export Advance Licence is non transferrable
L Third Party Exports are also admissible
M In addition Duty free IMPORT/Procurement of fuel, oil, energy, catalysts etc.
N Exports to Rupee Currency Area shall also quality for Duty-free Licence subject to
prevalent rules & regulations.
O Revalidation of expired Advance licence where export obligations has been completed by 6 Months
P

The facility of back to back LC for Advance Lic which is presently confined to one bank and one
Branch extended to cover any bank and branch

Q Advance Licene and the relevant DEEC Book shall specify the following
Q1 The name and description of the items to be imported and exported.or supplied
Q2 Quantity of each item to be imported or wherever the quantity cannot be indicated, the value of the
item. Shall be indicate.However, if in Standard input Out put Norms, the quantity and value of the
individual inputs is the limited factor, the same shall be applicable
Q3 The aggregate CIF value of imports.
Q4 The FOB/FOR value and quantity of export/supplies
R Service Charge

R1

Service Charge on CIF Value of License : 4% of CIF Value

R2 Advance Cheque Favouring : Rs 10000/-
Bigis Impex Consultancy

 

Detail Requirements :

Please give following Details/Documents to enable us to process your application.

01 NAME OF COMPANY/FIRM
02

ADDRESS OF THE CO./FIRM
(REGISTERED OFFICE IN CASE OF LIMITED COMPANIES AND HEAD OFFICE FOR OTHERS)

 

  TELEPHONE Nos.
  FAX Nos.
  E-MAIL ADDRESS
     
02-A NAME AND ADDRESS OF ALL THE BRACHES/DIVISIONS/UNITS/FACTORIES LOCATED IN INDIA.
  TELEPHONE Nos.
  FAX Nos.
     
03 DATE OF ESTABLISHMENT OF BUSINESS/FACTORY IN INDIA (DD/MM/YY)
     
04 IEC No.
  DATE OF ISSUE (DD/MM/YY)
  FILE No.
  ISSUING AUTHORITY
     
05 (1) MERCHANT EXPORTER
  (2) MANUFACTURER EXPORTER
  (3) SERVICE PROVIDER
  (4) OTHERS (PL. SPECIFY)
     
06

PERMANENT ACCOUNT NUMBER
(PAN) OF INCOME TAX

  ISSUING AUTHORITY
  DATE OF ISSUE (DD/MM/YY)
     
07 NO. & DT. SSI REGISTRATION/INDUSTRIAL LICENCE/IEM/OTHERS (SPECIFY)
  ISSUING AUTHORITY
     
08 EH/TH/STH/SSTH/CERTIFICATION No.( FOR GOVT. RECOGNISED EXPORT HOUSE ONLY)
  DATE (DD/MM/YY)
  VALID UPTO (DD/MM/YY)
     
09 NATURE OF THE APPLICANT FIRM (PLEASE SPECIFY)
  (1) GOVERNMENT UNDERTAKING
  (2) PUBLIC LIMITED CO.
  (3) PRIVATE LIMITED COMPANY
  (4) PROPRIETORSHIP
  (5) PARTNERSHIP
  (6) OTHERS (PLEASE SPECIFY)
     
10 DETAILS OF THE MAIN BANKER AND BANK ACCOUNT (ONLY MAIN BANKER)
  NAME AND ADDRESS OF THE BANK
  TYPE OF ACCOUNT CURRENT A/C
SAVING A/C.
  ACCOUNT No.
     
11 RCMC No.
  DATE OF ISSUE (DD/MM/YY)
  VALID UPTO (DD/MM/YY)
  ISSUING AUTHORITY
     
12 DETAILS OF THE PROPRIETOR/PARTNER/DIRECTOR TO BE GIVEN IN THE FOLLOWING MANNER
     
  (1) (A) NAME (MR/MRS/MISS)
  (B) FATHER'S NAME
  (C) RESIDENTIAL ADDRESS
  (D) RESIDENTAIL TELEPHONE
  (E) E-MAIL ADDRESS
     
  (2) (A) NAME (MR/MRS/MISS)
  (B) FATHER'S NAME
  OR (B) HUSBAND'S NAME
  (C) RESIDENTAIL ADDRESS
  (D) RESIDENTIAL TELEPHONE
  (E) E-MAIL ADDRESS
     
  (3) (A) NAME (MR/MRS/MISS)
  (B) FATHER'S NAME
  OR (B) HUSBAND'S NAME
  (C) RESIDENTAIL ADDRESS
  (D) RESIDENTIAL TELEPHONE
  (E) E-MAIL ADDRESS
     
13 SIGNATURE OF THE  
  (PROPERIETOR/PARTNER/DIRECTOR)  
  NAME OF SIGNATORY
  DESIGNATION
  FULL RESIDENTAIL ADDRESS
     
Prerequisites :
14 FOUR Self Certified copies of :

A Importer Exporter Code No
B Partnership Deed / Articles of    Memorandum.
C Permanent Income Tax A/c. No.
D SSI/SIA Certificate
E Central Excise Registration Certificate
F Registration Cum Membership    Certificate And Third Party if any
G Export Order
H Mfg Process with Flow Chart
I Pamphlet / Literature of Photograph of    machinery to be imported
J Bills of Entry of Same Item if available
K Drug Manufacturing Licence
L Bombay Sales Tax No
M Central Sales Tax No
 
     
15 Four Self Certified copies of Export Order :

A FOB Value
B Insurance Value
C Freight Value
D CIF Value
E Country of Origin
F Country of Shipment
 
     
16 10(Ten) big size letterheads Duly signed by : Prop/Partner/Director with Designation stamp on right side base corner.  
     
17 Details of Past Export Performance for last 3 Licensing Year.

1 Period 01.04.98 To 31.3.99 01.04.99 To 31.03.00 01.04.00 To 31.03.01
2 Description
3 FOB Value
 
     
18 DETAILS OF OUTSTANDING EXPORT OBLIGATION AGAINST ADV LIC
LICENCES ISSUED UNDER DUTY EXEMPTION SCHEME.

A Licence No & date
B CIF Value
C FOB Value
D Percentage of E.O.Fulfilled Quantity Wise
E Percentage of E.O.Fulfilled Value wise
F Expiry date of E.O.Period
 
     
19 Directors Rubber Stamp.
 
     
20 Cash for Challan for Rs.
 
     
21 4% Service Charge on CIF Value of Licence.  
     
22 Rs.10000/- Cheque Favouring Bigis Impex Consultancy  
     
 

If you have any queries, please feel free to call or fax us.

Thanking You,

Yours faithfully,
Impex Solution


Bharat Parekh
Partner