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We have a formulation (tablets/capsules, etc.) manufacturing unit Aand a bulk drugs manufacturing unit B. We have orders to exportformulations. For manufacture of the formulations in A, we needbulk drugs from B. Can we obtain advance authorisation in Unit Ashowing bulk drugs as an input and get an invalidation issued infavour of our own Unit B for procuring bulk drugs? The FTP is not explicit on this point. However, I do not see anyissue in obtaining invalidation in favour of Unit B for any inputin any advance authorisation issued to Unit A. On the basis of invalidation, Unit B can get an advanceintermediate authorisation. You have to take note that for showingfulfilment of export obligations, besides the evidence of supply ofspecified bulk drugs to Unit A, Unit B will have to furnish a BankCertificate in Appendix-22B of the Handbook of Procedures, Vol. 1evidencing receipt of payment from Unit A. We want to re-import exported goods rejected by the buyer. We willrepair and re-export the goods. For duty free import of there-imported goods under notification 158/95-Cus dated 14.11.1995,we need to furnish a bond. What is the amount of bond we need tofurnish? As per Section 20 of the Customs Act, 1962, "if goods areimported into India after exportation therefrom, such goods shallbe liable to duty and be subject to all the conditions andrestrictions, if any, to which goods of the like kind and value areliable or subject, on the importation thereof". So, you maycalculate the amount of duty leviable, as if it is a fresh importand furnish a bond for that amount to get duty free clearance underthe said notification. Can we get the benefit of the Status Holder Incentive Scrip (SHIS)scheme against export of articles of iron and steel (HS Code73239390)? It is an engineering product covered under Para 3.16.4 of the FTPand so you can get the SHIS benefit. Business Standard invites readers' SME queries related to excise,VAT and exim policy. You can write to us at smechat@bsmail.in. I am an expert from dimmable-led-lightbulb.com, while we provides the quality product, such as LED Flat Panel Lights Manufacturer , China T8 LED Tubes, Dimmable LED Light Bulb,and more.
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