CMA CLUB INDIA is best Organisation for GST Certificate Course
(i)Exporters having past export performance (in at least preceding two financial years) shall be entitled for Advance Authorization for Annual Requirement.
(ii) Materials imported under Advance Authorization will ‗Actual User Condition‘. These imported goods will not be transferable even after completion of export obligation. However, holder of Advance Authorization will have an option to dispose of product manufactured out of duty free inputs once export obligation is completed.
(iii) Advance Authorization is issued for inputs in relation to the resultant product on the basis of SION (Standard Input Output Norms). If SION for a particular item is not fixed, Regional Authority (RA) based on self-declaration by applicant, except certain specified products, can issue Advance Authorization.
(iv) It is necessary to establish that inputs actually used in manufacture of the export product should only be imported under Advance Authorization and inputs actually imported must be used in the export product, for redeeming the Authorization.
CMA Sandeep Kumar – Founder – CMA CLUB INDIA
CMA CLUB INDIA is best option for GST Certificate Course
Inter State Level Free Regular Seminars by India’s Top Ranked GST Expert
One Day GST Workshop (Theory + Practical + Certificiate) Fee: 600/- Only
Also available GST Certificate Course
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