TMI BlogRegarding Exemption under Vishesh Krishi and Gram Udyog Yojana (VKGUY).X X X X Extracts X X X X X X X X Extracts X X X X ..... , hereby exempts the goods specified in the Fourth Schedule to the said Central Excise Act , when cleared against a Vishesh Krishi and Gram Udyog Yojana (Special Agriculture and Village Industry Scheme) duty credit scrip issued to an exporter by the Regional Authority in accordance with paragraph 3.13.2 of the Foreign Trade Policy (hereinafter referred to as the said scrip) from the whole of duty of excise leviable thereon under the Fourth Schedule to the said Central Excise Act . ]- (i) the whole of the duty of excise leviable thereon under the First Schedule and the Second Schedule to the Central Excise Tariff Act, 1985 (5 of 1986); (ii) the whole of the additional duty of excise leviable thereon under secti ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... xport Policy in ITC (HS); (b) that the benefits under this notification shall not be available for clearance of the items listed in Appendix 37B of the Handbook of Procedures, Volume I; (c) that the benefits under this notification shall not be available to goods or items, the imports of which are not permitted against the said scrip; (d) that the said scrip is registered with the Customs authority at the port of registration (hereinafter referred as the said Customs authority); (e) that the holder of the scrip, who may either be the person to whom the scrip was originally issued or a transferee-holder, presents the said scrip to the said Customs authority along with a letter or proforma invoice f ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... manufacturer retains a copy of the said scrip, debited by the said Customs authority and endorsed by the said Officer and duly attested by the holder of the scrip, in support of the clearance under this notification; and 3 [ (j) that the said holder of the scrip, to whom the goods were cleared, shall be entitled to avail the drawback or CENVAT credit of the duties of excise leviable under the Fourth Schedule to the Central Excise Act, 1944 , against the amount debited in the said scrip and validated at the time of clearance. ] Explanation - For the purposes of this notification,- (A) Foreign Trade Policy means the Foreign Trade Policy, 2009-14 , published by the Government of India in the Ministry of Commerc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... eared against a Vishesh Krishi and Gram Udyog Yojana (Special Agriculture and Village Industry Scheme) duty credit scrip issued to an exporter by the Regional Authority in accordance with paragraph 3.13.2 of the Foreign Trade Policy (hereinafter referred to as the said scrip) from, 3. Substituted vide Not. 17/2017 - Dated 30-6-2017 , w.e.f. 1st day of July, 2017 before it was read as, (j) that the said holder of the scrip, to whom the goods were cleared, shall be entitled to avail the drawback or CENVAT credit of the duties of excise leviable under the First Schedule and the Second Schedule to the Central Excise Tariff Act, 1985 (5 of 1986), section 3 of the Additional Duties of Excise (Goods of Special Importance) Act, 1957 ( ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
