3Duty Free Imports for Agro-Chemicals Sector
This post explains about duty free imports for specific sectors Agro-Chemicals Sector.
Guidelines to Agro-Chemicals Sectors about duty free imports
According to Foreign Trade Policy of India, the following guidelines can be noted on duty free import of goods:
(i) Duty free imports of goods as specified in list 28A of Customs notification No. 21/2002 dated 1.3.2002, upto 1% of FOB value of exports made during preceding licensing year, shall be allowed to agro chemicals sector unit having export turnover of Rs. 20 crore or above during preceding licensing year.
(ii) The eligible unit shall apply in form given in Appendix-8B to RA concerned duly countersigned by Chartered Accountant.
(iii) In respect of duty free import of R
&D equipment, units not registered with Central excise shall be allowed to give Installation Certificate issued by an independent Chartered Engineer.
This post explained about duty free imports for Agro-Chemicals Sectors. You can share your views about duty free imports for Agro Chemical sectors if you wish to.
Comment below your thoughts about this article, Guidelines to Agro-Chemicals Sectors about duty free imports as per Foreign Trade Policy of India.
The above information is a part of Online international business guide course
Posts about Export Import Online Training;
Types of export containers
Measurement of export containers
Exim Policy of India 2015-20
MEIS, Merchandise Exports from India Scheme
SEIS, Service Exports from India Scheme
Merge your Commercial Invoice and Packing List for all your future exports
Export procedures and documentation
How to export your product?
Click here to know HS code of your product
What is the ITC code (Indian Tariff Code) of your product?
12 Major risks and solutions in Imports and Exports
Documentation procedures on high sea sale
Is letter of credit safe mode of payment?
IGM amendment (Import General Manifest Amendment)
Import clearance under high sea sales
Is Customs House Agents (CHA ) required to be appointed mandatory?
How does Letter of Credit work?
How does STP units work in India?
Government rules to import Slag, Ores and Ash
Importation of salt, earth stone, lime cement
How to import Tobacco and Tobacco Substitutes
Tips to importers of Prepared Animal Fodder
How to import Vinegar,Beverages
Foreign Trade Policy 2014-19 (FTP 2014-19) delayed
Types of Export Containers
Dimension of Cargo Containers
The term LCL. What does LCL mean?
We have IEC, can we export from all ports?
What are the legal documents in exports
What does ECGC do on default of payment of any overseas buyer?
Post shipment finance in Export Business
PRECAUTIONS TO BE TAKEN WHILE USING CONTAINERS FOR EXPORTS
Printing machine error with customs – Un able to hand over documents to carrier.
Procedure and Documentation for Filing Claim of Marine Insurance.
What is VACIS exam in US import customs clearance
When can an exporter release bill of lading from shipping company?
When does exporter get EP copy of shipping bill after customs clearance
Procedure for Central Excise Clearance Under Claim of Rebate
Procedure to claim Duty Drawback
Procedures and documentation on Triangular shipments
Procedures for Re-imports
Procedures to claim brand rate of draw back
Procedures to file IGM (Import General Manifest)
Procedures under Re-exports
Re warehousing procedures under STP and EOU units.
Register with Export Promotion Council
Risks and solutions in export business
RISKS NOT COVERED BY MARINE INSURANCE
Rummaging
Transferability of Bill of Lading
Transhipment - A redefinition
Travelers to India under import duty exemption, Frequently Asked Questions Part 2
Triangular export
Triangular shipment
Types of Insurance Documents.
Import General Manifest (IGM)
Importance of Bill of Lading
Introduction to this web site.
Is Airway bill a documents of title?
Is Customs House Agents (CHA ) required to be appointed mandatory?
Is DP terms of payment safe in export business?