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Supplies to SEZ can be counted as part of export obligation

Edited excerpts from the SME chatroom dicussions

T N C Rajagopalan  |  Mumbai 

Q. We had imported machines under the EPCG scheme. As part of fulfilment of our export obligation we supplied material to a unit in a SEZ against ARE-1. We have received payment along with SEZ-stamped copy of ARE-1 from the customer. We were not aware that we had to submit the bill of export along with other documents at the time of dispatch. Please advise if this supply, which is bona fide and to a large company in India, will be considered towards export obligation fulfilment. There are many decisions of the Policy Relaxation Committee when such supplies to SEZ have been ...

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Supplies to SEZ can be counted as part of export obligation

Edited excerpts from the SME chatroom dicussions

Edited excerpts from the SME chatroom dicussions Q. We had imported machines under the EPCG scheme. As part of fulfilment of our export obligation we supplied material to a unit in a SEZ against ARE-1. We have received payment along with SEZ-stamped copy of ARE-1 from the customer. We were not aware that we had to submit the bill of export along with other documents at the time of dispatch. Please advise if this supply, which is bona fide and to a large company in India, will be considered towards export obligation fulfilment. There are many decisions of the Policy Relaxation Committee when such supplies to SEZ have been ... image
Business Standard
177 22

Supplies to SEZ can be counted as part of export obligation

Edited excerpts from the SME chatroom dicussions

Q. We had imported machines under the EPCG scheme. As part of fulfilment of our export obligation we supplied material to a unit in a SEZ against ARE-1. We have received payment along with SEZ-stamped copy of ARE-1 from the customer. We were not aware that we had to submit the bill of export along with other documents at the time of dispatch. Please advise if this supply, which is bona fide and to a large company in India, will be considered towards export obligation fulfilment. There are many decisions of the Policy Relaxation Committee when such supplies to SEZ have been ...

image
Business Standard
177 22