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Chapter 4 - DUTY EXEMPTION / REMISSION SCHEME - Foreign Trade Procedure 2015-2020 (From 5-12-2017 to 31-3-2020) RevisedExtract ..... cturing unit, name of branch office or manufacturing unit should appear in electronic RCMC and in IEC of the applicant. 4.04 Advance Authorisation Applicant shall file application online in ANF 4A. Same form is applicable where Standard Input Output Norms (SION) have been notified or on the basis of adhoc norms or on self declaration basis as per paragraph 4.07 of Hand Book of Procedures. 4.05 Advance Authorisation for items which are otherwise prohibited for export (i) Items covered under Chapter 7 and Chapter 15 of ITC (HS) Schedule 2, which are prohibited for export, may be allowed to be exported under the advance authorization scheme. Export shall be allowed subject to pre-import condition under notified SION/prior fixation of norms by Norms Committee in terms of paragraph 4.06 of Hand Book of Procedures. Import and Export would be permitted only through EDI enabled ports. (ii) The Export obligation period (EOP) of advance authorizations issued for such items shall be 90 days from the date of clearance of import consignment and no extension in EOP shall be allowed. Such import shall be subject to actual user condition and no transfer of imported raw material, for any purpose, i ..... x x x x x Extracts x x x x x Chapter 4 - DUTY EXEMPTION / REMISSION SCHEME - Foreign Trade Procedure 2015-2020 (From 5-12-2017 to 31-3-2020) Revised x x x x x Extracts x x x x x ..... C-6 1 to 26, 94 to 98 nc6.dgft@nic.in NC-7 39, 40 nc7.dgft@nic.in (ii) An applicant shall indicate a valid email address for communication purpose and to ensure that this email address is active. (iii) The decisions of Norms Committees shall be available on the website of DGFT (http://dgft.gov.in) periodically and the applicants shall update themselves the status of norms fixation in respect of Authorisation obtained by them. (iv) Exporters / EPC shall provide data to the Norms Committee concerned for the fixation of SION/Adhoc Norms for an export product. Norms Committee shall endeavour to fix SION or adhoc norms on receipt of complete data. Any adhoc norm fixed under this para, on the basis of an application made by an exporter shall be valid for one authorisation for which such application is made and no repeat authorisations shall be issued. However, Norms Committee can specify extended validity period, not more than two years from the date of fixation of such adhoc norms, for grant of further authorisations under such norm. (v) Norms Committees shall also function as recommendatory authority for notification of SION and DGFT may notify such norms from time to time. (vi) It is ..... x x x x x Extracts x x x x x Chapter 4 - DUTY EXEMPTION / REMISSION SCHEME - Foreign Trade Procedure 2015-2020 (From 5-12-2017 to 31-3-2020) Revised x x x x x Extracts x x x x x ..... dbook of Procedures (2015-20). Input Output Norms as applied and wastage claimed by the applicant shall be treated as final. Ratification of the same by NC is not required. (v) Applicant or his supporting manufacturer/co-licensee shall maintain a proper account of consumption and utilization of duty free imported / domestically procured inputs against each authorisation, as prescribed in Appendix-4H. Application for EODC shall be submitted in prescribed format along with Appendix-4H to the Regional Authority concerned. Regional Authority shall compare the details of Appendix-4H, with that of the inputs allowed in the Authorisation. Such records shall be preserved by the authorisation holder/manufacturer for a period as specified in Para 4.51 of HBP. (vi) Production and consumption records of the export item under this scheme shall be audited by DGFT or any Authorised/nominated agency(ies) or team of officers as may be nominated from time to time. Such audit may be conducted within three years from the date of issue of Authorisation based on Risk Based Management System (RBMS). Exporters shall be required to provide necessary facility to verify Books of Accounts or other documents a ..... x x x x x Extracts x x x x x Chapter 4 - DUTY EXEMPTION / REMISSION SCHEME - Foreign Trade Procedure 2015-2020 (From 5-12-2017 to 31-3-2020) Revised x x x x x Extracts x x x x x ..... ts of any kind including fresh, chilled and frozen meat, tissue or organs of poultry, pig, sheep, goat; egg & egg powder; milk & milk products; bovine, ovine and caprine embryos, ova or semen; and pet food products of animal origin has been sought as an input under Advance Authorisation, the Regional Authority, while issuing Advance Authorisation shall endorse a condition that before effecting imports of any of these inputs, Sanitary Import Permit shall be obtained from the Department of Animal Husbandry, Dairying and Fisheries (DAHDF). (ii) Regional Authority shall also endorse a copy of authorisation to DAHDF, Krishi Bhawan, New Delhi. 4.10 Advance Authorisation for applicants with multiple units (i) Transfer of any duty free material imported or procured against Advance Authorisation from one unit of a company to another unit for manufacturing purpose shall be done with prior intimation to jurisdictional Customs Authority. Benefit of CENVAT shall not be claimed on such transferred input. (ii) Deleted (iii) Deleted (iv) Deleted (v) Imported duty free inputs can be taken from the port / domestic supplier’s premises to the factory or the premises of the authorization ..... x x x x x Extracts x x x x x Chapter 4 - DUTY EXEMPTION / REMISSION SCHEME - Foreign Trade Procedure 2015-2020 (From 5-12-2017 to 31-3-2020) Revised x x x x x Extracts x x x x x ..... t would file application under “Adhoc Norms Fixed” category to the Regional Authority concerned. 16[(vi) Norms ratified by any Norms Committee (NC) in the O/o DGFT on or after 01.04.2015 in respect of any Advance authorization obtained under paragraph 4.07, shall-be valid for the entire period of the Foreign Trade Policy i.e. up to 39[31.03.2023] or for a period of three years from the date of ratification, whichever is later. Since all decisions of the Norms Committees are available in the form of minutes on the DGFT website, all other applicants of Advance Authorization are also eligible to apply and get their authorizations based on such ratified norms on repeat basis during validity of these norms. This para is not applicable for authorisations applied for items listed under Appendix 4P.] (vii) Wherever an applicant has applied for components on “net-tonet basis with accountability clause” and such cases fall under paragraph 6 of General Note for all Export Products, the same need not be referred to Norms Committee for fixation of norms. However, exporters shall indicate clearly details of such components imported on “net-to-net basis with accounta ..... x x x x x Extracts x x x x x Chapter 4 - DUTY EXEMPTION / REMISSION SCHEME - Foreign Trade Procedure 2015-2020 (From 5-12-2017 to 31-3-2020) Revised x x x x x Extracts x x x x x ..... (i) Deleted. (ii) In case application for fixation of adhoc norms / SION is rejected on ground of non-furnishing of required documents/ information to Norms Committee or technical authority represented in Norms Committee, authorisation holder shall be liable to pay customs duty with interest as notified by DoR and amount as per paragraph 4.49(a)(ii). In case SION for the said product is notified, SION would be made applicable for deciding wastage norms and EO. (iii) In cases where entitlement of the applicant for grant of Advance Authorisation as per paragraph 4.12 was lower than the quantity of input applied by the applicant under Advance Authorisation and export obligation is completed pending fixation of norms by Norms Committee, entitlement for authorisation as given in paragraph 4.12 may be re-credited upon production of documentary evidence (copies of Shipping bill / bill of export/ Tax invoice for supply prescribed under GST rules) showing fulfilment of export obligation in respect of previous authorisations. However, bond waiver / redemption shall not be allowed pending fixation of norms in such cases. 4.17 Time limit for Representation Applicant may file representation aga ..... x x x x x Extracts x x x x x Chapter 4 - DUTY EXEMPTION / REMISSION SCHEME - Foreign Trade Procedure 2015-2020 (From 5-12-2017 to 31-3-2020) Revised x x x x x Extracts x x x x x ..... authorization issued for pharmaceutical product(s) manufactured through NI process. As a result of the verification process, in case, it is found that the authorisation holder has consumed lesser quantity of inputs than imported, authorisation holder shall be liable to pay customs duty on unutilized imported material, along with interest thereon as notified by DoR, or effect additional export within the EO period to account for the export of the material remaining un utilized. However, for the Customs duty component, the authorisation holder has also the option to furnish valid duty credit scrip issued under Chapter 3 of FTP. 4.21 Maintenance of Proper Accounts for Authorisations issued under Para 4.18 of HBP Every Advance Authorisation holder shall maintain a true and proper account of consumption and utilization of duty free imported / domestically procured inputs against each authorisation as prescribed in Appendix 4-I. This record in Appendix 4-I format, duly verified and certified by the jurisdictional Customs Authority, shall be submitted to the concerned Regional Authority at the time of filing application for redemption / bond waiver. Regional Authority shall compare the de ..... x x x x x Extracts x x x x x Chapter 4 - DUTY EXEMPTION / REMISSION SCHEME - Foreign Trade Procedure 2015-2020 (From 5-12-2017 to 31-3-2020) Revised x x x x x Extracts x x x x x ..... benefit of Advance Authorization scheme. 4.26 Description of an Advance Authorisation An Advance Authorisation shall, inter-alia, specify: (a) Names and description of items including specifications, where applicable, to be imported and exported / supplied; (b) Quantity of each item to be imported or wherever quantity cannot be indicated, value of item shall be indicated. Wherever, quantity and value of individual inputs is a limiting factor in SION, same shall be applicable; (c) Aggregate CIF value of imports; and (d) FOB / FOR value and quantity of exports / supplies. 6[4.27 Exports/Deemed Export supplies in anticipation or subsequent to issue of an Authorisation. (a) Exports / Deemed Export supplies made from the date of EDI generated file number for an Advance Authorisation, may be accepted towards discharge of EO. Shipping Bills / Tax Invoices should be endorsed with File Number or Authorisation Number to establish co-relation of exports / Deemed Export supplies with Authorisation issued. Export/Deemed Export supply document(s) should also contain details of exempted materials/inputs consumed and technical characteristics of export and import items, as the case may be. (b) If ..... x x x x x Extracts x x x x x Chapter 4 - DUTY EXEMPTION / REMISSION SCHEME - Foreign Trade Procedure 2015-2020 (From 5-12-2017 to 31-3-2020) Revised x x x x x Extracts x x x x x ..... of Advance Authorisation or DFIA). In such cases, shipping bill shall be in the name of the ultimate exporter with the name of intermediate supplier endorsed on it. (c) Facility of Advance Authorisation shall be available even in cases where intermediate supplier has supplied or intend to supply material subsequent to fulfilment of EO by exporter holding Advance Authorisation / DFIA from where invalidation letter was issued. (d) The invalidation letter shall specify the following: (i) Name, Address and GSTIN of supplier; (ii) GSTIN & Address of recipient unit of Advance Authorisation/DFIA holder where inputs would be processed; (iii) Name, description including specifications, where applicable, and quantity of items; and (iv) Individual value of items to be procured. 4.31 Advance Release Order (ARO) Application shall be filed online in ANF 4A to Regional Authority concerned for grant of ARO to procure inputs from indigenous sources / STEs. 4.32 Details to be given for issue of ARO (a) Application for ARO and ARO shall specify: (i) Name, Address and GSTIN of supplier; (ii) GSTIN & Address of recipient unit of Advance Authorisation/DFIA holder where inputs would be processed ..... x x x x x Extracts x x x x x Chapter 4 - DUTY EXEMPTION / REMISSION SCHEME - Foreign Trade Procedure 2015-2020 (From 5-12-2017 to 31-3-2020) Revised x x x x x Extracts x x x x x ..... will endorse on the reverse of Advance Authorisation at the time of issue of authorisation about acceptance of undertaking given by applicant in relevant ANF. Authorisation holder shall execute Bank Guarantee / Legal Undertaking, as the case may be, in terms of paragraph 2.29 of Hand Book of Procedures. (b) In case BG / LUT has been redeemed, Advance Authorization holder can get duty free inputs processed from any manufacturer under Actual User condition as per job work regulations prescribed in terms of provisions of GST Acts under intimation to the Customs authority. However, such restriction shall not be applicable in case of transferable DFIA holder. 4.37 Port of Registration (a) Advance Authorisation shall be issued for purpose of import and export through one of sea ports or airports or ICDs or LCS specified below. Authorisation holder shall register authorisation at the port specified in authorisation and thereafter all imports against said authorisation shall be made only through that port, unless the authorisation holder obtains permission from customs authority concerned to import through any other specified port. However, exports may be made through any of the specified ..... x x x x x Extracts x x x x x Chapter 4 - DUTY EXEMPTION / REMISSION SCHEME - Foreign Trade Procedure 2015-2020 (From 5-12-2017 to 31-3-2020) Revised x x x x x Extracts x x x x x ..... at port of import. However, this requirement of TRA shall not be required if the port of registration and port(s) of imports are EDI enabled and the authorisation holder has registered its authorization. 12[4.38 Facility of Clubbing of Authorisations: (i) No clubbing of Authorisations issued on or before 31st March, 2009 shall be allowed. (ii) Request for clubbing shall be made in ANF - 4C to the concerned RA who has issued the Authorisations. (iii) Facility of clubbing of Advance Authorisations shall be available only for redemption / regularisation of such Authorisations and no further import or export shall be allowed. (iv) Facility of clubbing shall also be available for Advance Authorisations for Annual Requirement issued during Foreign Trade Policy period 2009-14 and 2015-20, wherever exports and imports have taken place as per Standard Input Output Norms (SION) notified. (v) Only Authorisations under which similar duty exemption has been availed shall only be allowed to be clubbed. Such Authorisations may pertain to different financial years. (vi) Only such Authorisations shall be clubbed which have been issued within 18 months from the date of issue of earliest authorisati ..... x x x x x Extracts x x x x x Chapter 4 - DUTY EXEMPTION / REMISSION SCHEME - Foreign Trade Procedure 2015-2020 (From 5-12-2017 to 31-3-2020) Revised x x x x x Extracts x x x x x ..... espect of an Advance Authorisation, Regional Authority concerned (as per their financial powers) may consider a request: (i) for enhancement / reduction in CIF value of Advance Authorisation; (ii) enhancement / reduction in CIF value, quantity of inputs, FOB value and quantity of exports of an Advance Authorization. However, VA after such enhancement does not fall below minimum VA stipulated (for the export product) in FTP and Hand Book of Procedures laid thereunder and there is no change in input-output norms and FTP under which Advance Authorisation was issued. (b) However, in case of Advance Authorisation (s) issued prior to 27.8.2009 under the FTP, 2004-09, the following conditions shall apply for any enhancement in the value of the authorisation: (i) Wherever exports are on or subsequent to 27.8.09, enhancement in CIF / FOB values shall be subject to a minimum VA of 15% or the VA prescribed in Appendix 4D of current HBP, whichever is lower, for that component of exports. (ii) Wherever exports are prior to 27.8.09, enhancement in CIF / FOB values shall be subject to a minimum VA of 15% or the VA prescribed in Appendix 4D of current HBP, or the VA declared in the original Advanc ..... x x x x x Extracts x x x x x Chapter 4 - DUTY EXEMPTION / REMISSION SCHEME - Foreign Trade Procedure 2015-2020 (From 5-12-2017 to 31-3-2020) Revised x x x x x Extracts x x x x x ..... r after 15.08.2020 and not covered under Para 4.41 (b) above, only one revalidation for twelve months from expiry date shall be allowed. No further revalidation would be allowed for such authorisations. The provision for revalidation as under Para 4.41 (c) shall also not be applicable for such Advance Authorisations. Applications for any such revalidation may be submitted online to the concerned Regional Authority on or after 01.08.2021.] 4.42 Export Obligation (EO) Period and its Extension (a) Period for fulfillment of export obligation under Advance Authorisation shall be 18 months from the date of issue of Authorisation. Period of EO fulfillment under an Advance Authorisation shall commence from date of issue of Authorisation, unless otherwise specified. (b) In cases of supplies to projects in India under Chapter-7 of FTP or projects abroad, the Export Obligation period shall be coterminus with contracted duration of the project execution or 18 months whichever is more. (c) Export Obligation for items falling in categories of defence, military store, aerospace and nuclear energy shall be 24 months from the date of issue of authorization or co-terminus with contracted duration of ..... x x x x x Extracts x x x x x Chapter 4 - DUTY EXEMPTION / REMISSION SCHEME - Foreign Trade Procedure 2015-2020 (From 5-12-2017 to 31-3-2020) Revised x x x x x Extracts x x x x x ..... period in respect of Advance Authorisation already issued prior to imposition of ban, would stand automatically extended for a period equivalent to the duration of ban, without any composition fee. 45[(ha) The revised composition fee for EOP extension under para 4.42 of HBP (2015-20) will only be applicable for the requests made on or after 19.01.2023. However, existing/pending applications shall be governed by the earlier relevant provision of HBP (2015-20).] 21[(i) For all Advance Authorisations where the Export Obligation period is expiring between 01.02.2020 and 31.07.2020, the Export Obligation period stands automatically extended by six months from the date of expiry. No separate application with composition fee, amendment or endorsement is required for this purpose. The option to avail further validity extensions under this para beyond this period would remain available for these authorisations as per eligibility.] 36[(j): a. For Advance Authorisations, where original or extended Export Obligation (EO) period is expiring during the period between 01.08.2020 and 31.07.2021, the Export Obligation period would be extended till 31.12.2021 without any composition fees. However th ..... x x x x x Extracts x x x x x Chapter 4 - DUTY EXEMPTION / REMISSION SCHEME - Foreign Trade Procedure 2015-2020 (From 5-12-2017 to 31-3-2020) Revised x x x x x Extracts x x x x x ..... s / bill of exports / invoices in case of deemed exports/Tax invoices for supplies prescribed under GST rules on quarterly basis. (d) In case of non EDI shipping bills and supplies under Chapter-7 of FTP, exporter shall file relevant details manually on the website of the DGFT within two months from the date of expiry of EO period. Copies of shipping bills shall be submitted to Regional Authority concerned for verification within two months from date of expiry of export obligation period. In case an applicant is not able to upload any prescribed document then such documents may be submitted in physical form to the concerned authority. (e) e-BRC shall be linked with these shipping bills within six months from the date of expiry of export obligation/realisation or as per the time period prescribed for realization of foreign exchange by RBI. Regional Authority shall not take action for non linking / submission of e-BRC before expiry of said period, provided other documents substantiating fulfilment of EO have been furnished by the exporter (f) In case Authorisation holder fails to complete EO or fails to submit relevant information / documents, Regional Authority shall enforce conditi ..... x x x x x Extracts x x x x x Chapter 4 - DUTY EXEMPTION / REMISSION SCHEME - Foreign Trade Procedure 2015-2020 (From 5-12-2017 to 31-3-2020) Revised x x x x x Extracts x x x x x ..... ter 61 and 62 of ITC(HS) Classification of Export and Import is prescribed in Para 4.04A of Foreign Trade Policy. (ii) Provisions of Para 4.05, 4.06, 4.10, 4.11,4.12(v)&(vi), 4.21, 4.24, 4.25, 4.26, 4.29, 4.35, 4.36, 4.37, 4.39, 4.40, 4.41, 4.42, 4.43, 4.43A, 4.44, 4.46, 4.47(b), 4.49, 4.50, 4.51, 4.52 of Hand Book of Procedures shall be applicable to this scheme in so far as they are not inconsistent with this scheme. 4.46 Fulfilment of Export Obligation Authorisation holder shall file online application in ANF 4F to Regional Authority concerned and upload prescribed documents in support of fulfilment of EO. 4.47 Redemption / No Bond Certificate (a) Bond Waiver: In case Authorisation holder exports first (before effecting imports) by using imported inputs / indigenously procured inputs, in that case the Authorisation holder can seek waiver of Bond condition by submitting evidence of export made and payment realised to that extent. If exports made are less than the export obligation stipulated in the Authorisation, request for waiver of bond condition, on pro-rata basis, can also be considered. (i) For such a request, an applicant has to file online application attaching Shippi ..... x x x x x Extracts x x x x x Chapter 4 - DUTY EXEMPTION / REMISSION SCHEME - Foreign Trade Procedure 2015-2020 (From 5-12-2017 to 31-3-2020) Revised x x x x x Extracts x x x x x ..... gistration by post till system of transmitting these through EDI under message exchange between DGFT and CBEC is introduced. (c) Ordinarily, redemption of BG / LUT shall not preclude customs authority from conducting random checks and from taking action against Authorisation holder for any misrepresentation, misdeclaration and default detected subsequently as per the Customs Act. (d) Authenticity of such Certificate shall be verified by referring to DGFT website (dgft.gov.in) or from the websites of Zonal offices of DGFT. Zonal offices of DGFT shall publish details of such EODC certificates issued by them and by all RAs coming under their jurisdiction on their official websites every month. (e) Regional Authority shall take action against Authorisation holder in case of non-submission of Appendix 4H & 4-I duly filled in, as stipulated in paragraph 4.51 below or for any misrepresentation, mis-declaration and default detected subsequently in details declared and furnished in Appendix 4H & 4-I. An endorsement to this effect shall be made by Regional Authority in the redemption certificate. 4.48 Transitional Arrangement for Authorisations issued upto 26.08.2009 (a) Advance Lice ..... x x x x x Extracts x x x x x Chapter 4 - DUTY EXEMPTION / REMISSION SCHEME - Foreign Trade Procedure 2015-2020 (From 5-12-2017 to 31-3-2020) Revised x x x x x Extracts x x x x x ..... be calculated on a prorata basis, i.e. with reference to 50% of CIF value of imports. This would, accordingly, imply that where Authorisation holder is unable to export , no penalty on value wise shortfall shall be imposed. (d) If EO is not fulfilled both in terms of quantity and value, the Authorisation holder shall, for the regularisation, pay as per a), b) and c) above. (e) In case an exporter is unable to complete EO undertaken in full and he has not made any import under Authorisation, Authorisation holder will also have an option to get the Authorisation cancelled and apply for drawback after obtaining permission from Customs authorities for conversion of shipping bills to Drawback Shipping Bills. (f) Regional Authority shall compare relevant portion of Appendix 4H duly verified and certified by Chartered Accountant / Cost Accountants with that of norms allowed in Authorisation(s) and actual quantity imported against Authorisation(s) in the beginning of licensing year for all such Authorisations redeemed in preceding licensing year. In this verification process, in case it is found that Authorisation holder has consumed lesser quantity of inputs than imported, Authorisation ..... x x x x x Extracts x x x x x Chapter 4 - DUTY EXEMPTION / REMISSION SCHEME - Foreign Trade Procedure 2015-2020 (From 5-12-2017 to 31-3-2020) Revised x x x x x Extracts x x x x x ..... thority and documentary evidence shall be produced to this effect to Regional Authority / Customs Authority immediately. Exporter can also make suo motu payment of customs duty and interest based on self/own calculation as per procedure laid down by DoR. (b) Mode of payment: Following modes of payment are available: (i) Payment in cash through TR Challan to Customs Authority. (ii) Payment of customs duty through debit of valid duty credit scrips issued under Chapter 3 (excluding SHIS, SFIS and AIIS scrips) in terms of FTP (2009-14) or Chapter 3 of this FTP or post-export EPCG duty remission scheme scrip, in respect of goods which are permitted under the respective reward/duty remission scrip. (c) Exporter shall obtain an endorsement from Customs authorities on the TR Challan 006 or on the back of the duty credit scrip(s) against which payment of customs duties have been accepted/debited and produce the same to RA along with duty calculation sheet at the time of regularization of their case. (d) Regional Authority shall verify the quantity of excess import before redeeming the case. RA may direct licence holders to pay balance amount of customs duty after informing the reasons of th ..... x x x x x Extracts x x x x x Chapter 4 - DUTY EXEMPTION / REMISSION SCHEME - Foreign Trade Procedure 2015-2020 (From 5-12-2017 to 31-3-2020) Revised x x x x x Extracts x x x x x ..... dertaking to surrender it immediately to concerned Regional Authority, if found subsequently; (iv) An indemnity bond by exporter to the effect that he would indemnify Government for financial loss, if any, on account of duty free import entitlement availed / allowed against lost Shipping Bills / BRC. (b) Customs Authority, before allowing redemption of BG / LUT or clearance after endorsement of “No BG / LUT condition” or endorsement of transferability, shall verify the genuineness of such shipping bill (s) and ensure that no double benefit against such shipping bill has been availed. This specific condition shall be endorsed by Regional Authority concerned on the EODC. DUTY FREE IMPORT AUTHORISATION SCHEME (DFIA) 4.53 Policy Policy relating to the Duty Free Import Authorisation (DFIA) Scheme is prescribed in Chapter 4 of FTP. 4.54 Application (a) Application in ANF 4G along with documents therein, shall be filed online to concerned Regional Authority. (b) Provisions of paragraphs 4.26, 4.27, 4.28, 4.48, 4.49(e) & 4.49 (f) and 4.52 of this Handbook of Procedures shall also be applicable for DFIA Scheme. (c) After completion of exports and realization of proceeds, req ..... x x x x x Extracts x x x x x Chapter 4 - DUTY EXEMPTION / REMISSION SCHEME - Foreign Trade Procedure 2015-2020 (From 5-12-2017 to 31-3-2020) Revised x x x x x Extracts x x x x x ..... y as per Appendix 4A. 4.59 Application for Replenishment Authorisation (a) Application for REP Authorisation shall be filed online in ANF 4H and upload the documents prescribed therein to concerned Regional Authority as per Appendix 4A. (b) Application shall be filed within six months following the month during which the export proceeds are realised. For export proceeds realised during a month, consolidated application for entire month shall be filed. (c) In case E.P Copy of Shipping Bill and Customs attested invoice is submitted to nominated agencies, exporter shall furnish a self certified photo copy of same along with a certificate from nominated agencies certifying carat / value of studdings in case of studded jewellery. (d) In cases where payment is received in advance and exports take place subsequently, application for REP Authorisation shall be filed within six months following the month during which exports are made. (e) It is clarified that the month in which the export has been made in case of advance payment and the month in which export proceeds have been realised in part or full after making of exports, shall be excluded while calculating period of six months for fili ..... x x x x x Extracts x x x x x Chapter 4 - DUTY EXEMPTION / REMISSION SCHEME - Foreign Trade Procedure 2015-2020 (From 5-12-2017 to 31-3-2020) Revised x x x x x Extracts x x x x x ..... f gold religious idols studded with diamonds] 4.62 Entitlement Entitlement of quantity of gold / silver / platinum against the export of articles made out of these metals shall be quantity of gold / silver / platinum in item of export plus admissible wastage / manufacturing loss. In the case of Studded Jewellery, the calculation of the quantum of precious metal shall be done excluding the weight of studding. 4.63 Loss of Gem and Jewellery in transit Consignments of gem and jewellery items exported out of country and lost in transit after exports, where foreign exchange against such exports has been realised or insurance claims settled, will also be eligible for REP Authorisation. 4.64 Gem & Jewellery Replenishment Authorisations (a) Gem REP Authorisations shall be valid for import of precious stones, semi-precious and synthetic stones and pearls used in export of Gems and Jewellery products. In addition, Authorisation shall also be valid for import of empty jewellery boxes up to 5% of value of Authorisation within its overall CIF value. Gem REP Authorisations issued against export of studded gold / silver / platinum jewellery articles, shall also be valid for import of cut and ..... x x x x x Extracts x x x x x Chapter 4 - DUTY EXEMPTION / REMISSION SCHEME - Foreign Trade Procedure 2015-2020 (From 5-12-2017 to 31-3-2020) Revised x x x x x Extracts x x x x x ..... ed by Indian Seller; (ii) copy of Currency Declaration Form filed by Foreign Buyer with Customs at the time of his arrival; and (iii) Foreign Exchange Encashment Certificate from Bank. (c) In addition to this, Personal Carriage on Documents Against Acceptance (DA)/ Cash On Delivery (COD) basis is also allowed. Exporter will have to furnish following documents as proof of exports for claiming export entitlements: (i) Copy of Shipping Bill filed by Indian Seller; and (ii) Bank Certificate / e-BRC of Export and Realisation. (d) Instructions issued by Customs Department in this regard should be followed mutatis mutandis. 4.69 Conversion of Purity/Fineness For conversion of quantity of gold/ silver/platinum in terms of equivalent quantity in terms of fineness, following formula shall be used: (i) Where items of gold has been exported in terms of carats, quantity of gold shall be multiplied by number of carat of gold exported, divided by 24 and thereafter again divided by 0.995/0.999/0.900 to arrive at equivalent quantity of gold in terms of fineness of 0.995/0.999/0.900 respectively; and (ii) Wherever purity of item of export is expressed in terms of fineness, the quantity of gold/silve ..... x x x x x Extracts x x x x x Chapter 4 - DUTY EXEMPTION / REMISSION SCHEME - Foreign Trade Procedure 2015-2020 (From 5-12-2017 to 31-3-2020) Revised x x x x x Extracts x x x x x ..... ical Institute (IG) - Hong Kong. (2) American Gem Society Laboratories (AGS Laboratories),8917 West Sahara Avenue, Las Vegas, Nevada 89117; (3) Central Gem Laboratory, Miyagi Building, 5-15-14 Ueno TaitoKu, Tokyo, Japan; (4) Diamond Trading Company, Maidenhead, UK; (5) European Gemological Laboratory (EGL), USA; (6) Gemological Institute of America (GIA), USA; (7) Hoge Road Voor Diamond, Antwerp, (HRD); (8) International Diamond Laboratories DMCC, Dubai. (9) The Robert Mouawad Campus, International Gemological Institute (IGI) USA; (10) World Diamond Centre of Diamonds High Council, Antwerp, Belgium. (11) GIA Hong Kong Laboratory Ltd., Hong Kong; (12) Gemological Research (Thailand) Co. Ltd., Bangkok; (13) GIA Education and Laboratory (Pvt) Ltd., Johannesburg; (14) GIA Education and Laboratory, Goborone (Botswana); (15) Forevermark NV, Antwerp, Belgium; (16) International Gemological Institute (IG) - Antwerp, Belgium; 4[(17) Gemological Institute of America (GIA), Israel; (18) Gemological Institute of America (GIA), Japan.] 4.75 Import of Diamonds for Certification/Grading & re-export (a) This facility has been stated in Paragraph 4.42 of FTP. At the time of imports of diamonds, ..... x x x x x Extracts x x x x x Chapter 4 - DUTY EXEMPTION / REMISSION SCHEME - Foreign Trade Procedure 2015-2020 (From 5-12-2017 to 31-3-2020) Revised x x x x x Extracts x x x x x ..... y be. 4.77 Export Against Supply By Foreign Buyer (a) Before clearance of each consignment of import supplied by foreign buyer, Nominated Agency / Status Holder having Nominated Agency Certificate/Eligible Exporter shall execute a bond with Customs, undertaking to export within stipulated period in contract, gold/silver/platinum jewellery or articles equivalent to entire import quantity of gold/silver/platinum, mountings and findings etc excluding admissible wastage. (b) In case of direct supply of gold/silver/platinum, alloys, findings and mountings of gold/silver/platinum and plain semi-finished gold/silver/platinum jewellery to status holder/ exporter, Status Holder/exporter shall furnish a Bank Guarantee/LUT, as per Customs Rules and regulations to Customs equivalent to Basic Customs Duty leviable on imported gold/ silver/ platinum, alloys, findings and mountings of gold/ silver/ platinum and plain semifinished gold/ silver/ platinum jewellery etc. Integrated Goods and Services tax and Compensation Cess leviable under Section 3(7) AND 3(9) of Customs Tariff Act shall be payable separately on imports. (c) BG /LUT, executed with Customs shall be valid for one year. In case of dir ..... x x x x x Extracts x x x x x Chapter 4 - DUTY EXEMPTION / REMISSION SCHEME - Foreign Trade Procedure 2015-2020 (From 5-12-2017 to 31-3-2020) Revised x x x x x Extracts x x x x x ..... following documents: (i) Shipping bill with two extra copies where exports are made from a Customs House other than Customs House through which corresponding import of gold/silver/platinum/plain semi-finished gold/silver/ platinum jewellery was effected. In other cases, shipping bill with an extra copy; (ii) Three copies of tax invoices for export/supplies as prescribed under GST rules ; (iii) Certificate from nominated agency indicating quantity and value of items supplied by foreign buyer. (f) Customs authorities shall return two copies of shipping bill and connected invoice duly attested. One copy shall be sent to person who presented documents and the other copy shall be sent by Customs to office of nominated agency/Status holder/ exporter. (g) In case of exports through nominated agency, exporter shall submit proof of exports to nominated agency within 15 days of exports, who shall, after verifying documents, release admissible quantity of the gold/ silver/ platinum etc. to exporter. (h) Exporter may also obtain, in advance, gold/ silver/ platinum etc. supplied by foreign buyer by furnishing a BG /LUT for an amount equal to international price of such items plus customs duty p ..... x x x x x Extracts x x x x x Chapter 4 - DUTY EXEMPTION / REMISSION SCHEME - Foreign Trade Procedure 2015-2020 (From 5-12-2017 to 31-3-2020) Revised x x x x x Extracts x x x x x ..... e of gems and jewellery for holding / participating in overseas exhibitions, value of such gems and jewellery shall not exceed US $ 5 million. Gold/ silver/ platinum content on items sold in such exhibitions may be imported as replenishment. (b) Exporter shall take replenishment from nominated agency within 120 days from the close of the exhibition gold /silver / platinum for replenishment content against items sold abroad in exhibition. (D) Personal Carriage of gems & jewellery or export through airfreight/post parcel route for Export Promotion Tours/photo shoots/fashion shows overseas. Personal carriage/export through airfreight/post parcel route of gold/silver/ platinum jewellery, cut and polished diamonds, precious, semi-precious stones, beads and articles as samples upto US $ 1 Million for export promotion tours/photo shoots/fashion shows and temporary display/ sale abroad is also permitted with approval of Gem & Jewellery EPC subject to the condition that promoter would bring back jewellery / goods or repatriate sale proceeds within 45 days from date of departure through normal banking channel. In case of personal carriage for export promotion tours, exporter shall de ..... x x x x x Extracts x x x x x Chapter 4 - DUTY EXEMPTION / REMISSION SCHEME - Foreign Trade Procedure 2015-2020 (From 5-12-2017 to 31-3-2020) Revised x x x x x Extracts x x x x x ..... tificate for booking of precious metal gold/silver/platinum. Quantity of precious metal booked with nominated agency shall be equivalent to precious metal content in the export product and admissible wastage. (b) Applicant shall at the time of booking deposit an earnest money for a minimum amount of 20% of notional price of precious metal, which shall be adjusted at actual sale. (c) Exporter may also export jewellery on a notional rate based on certificate provided by Bank. Exporter must fix price within credit terms allowed to buyer and realise proceeds within the due date of the credit terms or 180 days, whichever is earlier. Exporter exporting on a notional basis under Replenishment Scheme must book the same quantity of gold with Nominated Agency on same rate that he may have booked with buyer. Nominated agencies shall purchase precious metal on behalf of exporter at the rate so fixed and thereafter issue a purchase certificate bearing a serial number to exporter indicating quantity of gold/ silver/platinum and CIF value, in dollars including the Rupee equivalent. Price shall be actual price at which gold/silver/platinum is purchased by nominated agencies plus permitted service ..... x x x x x Extracts x x x x x Chapter 4 - DUTY EXEMPTION / REMISSION SCHEME - Foreign Trade Procedure 2015-2020 (From 5-12-2017 to 31-3-2020) Revised x x x x x Extracts x x x x x ..... and Nominated Agency. (iii) Exporter shall have flexibility to fix the price and repay Gold Loan within 180 days from date of export. This price shall be communicated to nominated agencies who will issue a certificate showing final confirmation of the rate to the bank negotiating documents, to ensure export proceeds are realized at this rate. (e) Nominated agencies may accept payment in dollars towards cost of import of precious metal from EEFC account of exporter. 4.85 Exports against Advance Authorisation (a) Procedure applicable to Advance Authorisations under Chapter 4 of Hand Book of Procedures shall generally apply to this scheme except norms for value addition, EO period and regularization of default. Value addition for Gems and Jewellery items shall be as per paragraph 4.61 of this Handbook of Procedures. (b) EO will be required to be fulfilled within 120 days from date of import of each consignment against Authorisation. However EO period shall be 180 days from date of import of findings, mountings made of gold, platinum and silver and export of jewellery. No further extension in EO period will be allowed. Advance Authorisation holder may also import gold as replenishment ..... x x x x x Extracts x x x x x Chapter 4 - DUTY EXEMPTION / REMISSION SCHEME - Foreign Trade Procedure 2015-2020 (From 5-12-2017 to 31-3-2020) Revised x x x x x Extracts x x x x x ..... firms in DTA through Airports in Delhi, Mumbai, Kolkata, Chennai, Kochi, Coimbatore, Bangalore, Hyderabad, Jaipur is permitted. Procedure for Personal Carriage of exports shall be as prescribed by Customs. Export proceeds shall, however, be realised through normal banking channel. (b) For claiming Replenishment in case of Personal Carriage of Exports by Foreign Bound passenger, documents shall be same as mentioned under paragraph 4.82(c) above. Authorised Courier Companies are also permitted to operate on the above lines. 4.89 Personal Carriage of Gems & Jewellery Import Parcels Personal carriage of gems & jewellery import parcels by an Indian importer/ Foreign National may be permitted into all EOUs/SEZ units and all firms in DTA through airports in Delhi, Mumbai, Kolkata, Chennai, Bangalore, Hyderabad Jaipur. Procedure will be same as for import of goods by air-freight except that parcels shall be brought to Customs by Importer / Foreign National for examination and release. Clearance of imports under this scheme shall be as per normal customs clearance procedure. 4.90 Duty free import of samples Duty free import of gems and jewellery samples upto ₹ 3 lakh or 0.25% ..... x x x x x Extracts x x x x x Chapter 4 - DUTY EXEMPTION / REMISSION SCHEME - Foreign Trade Procedure 2015-2020 (From 5-12-2017 to 31-3-2020) Revised x x x x x Extracts x x x x x ..... ry Export Promotion Council: Monitoring in respect of Nominated Agencies MMTC Ltd, Handicraft and Handlooms Exports Corporation Ltd, The State Trading Corporation Ltd, PEC Ltd, STCL Ltd, MSTC Ltd, Diamond India Limited will be by Gems & Jewellery Export Promotion Council (G&J EPC). Nominated Agencies shall file half yearly return as per format given in Appendix 4-M of Hand Book of Procedures, to the Gems & Jewellery Export Promotion Council (GJEPC), Mumbai within 15 days of every completed half year. In turn, G&J EPC shall compile the half yearly return and the figures submitted by the Nominated Agency and check the performance of the Nominated Agency. Thereafter, GJEPC shall forward the compiled half yearly returns along with its observation on performance of Nominated Agency to DGFT headquarters within one month of every completed half year. In case of delay in filing or non-submission of half yearly return within 15 days of every completed half year, GJEPC shall seek comments of defaulting Nominated Agencies. GJEPC will also forward the particulars of defaulting Nominated Agency to DGFT headquarters for taking appropriate action against defaulting Nominated Agenc ..... x x x x x Extracts x x x x x Chapter 4 - DUTY EXEMPTION / REMISSION SCHEME - Foreign Trade Procedure 2015-2020 (From 5-12-2017 to 31-3-2020) Revised x x x x x Extracts x x x x x ..... imitation imposed in para 3.06 (a) regarding choosing a RA at the beginning of financial year and maintaining the same RA for all applications in that Financial year shall not apply. f. Choice of Port of Registration for RoSCTL Scrips: While making an online application i. Shipments from EDI Ports and Non-EDI Ports cannot be clubbed in one application. ii. The applicant can chose the Port of registration for EDI enabled ports from any one of the ports from where export is made. iii. In case of exports through non-EDI port, the port of registration shall be the relevant non EDI port of exports. Accordingly, separate application shall be filed for each non-EDI port g. For applications in the period 07.03.2019 to 31.12.2019, the DGFT online system shall electronically populate the entitlement per shipping bill including the additional ad-hoc incentive and reduce/adjust MEIS wherever already granted. h. After system based approval of the final entitlement, scrips will be issued by RAs, in a paperless mode. However, RAs shall scrutinize 2% percent of issued RoSCTL applications, under a Risk Management System (RMS), every week. The RMS cases will be randomly generated by the DGFT system ..... x x x x x Extracts x x x x x Chapter 4 - DUTY EXEMPTION / REMISSION SCHEME - Foreign Trade Procedure 2015-2020 (From 5-12-2017 to 31-3-2020) Revised x x x x x Extracts x x x x x ..... ty may call such documents in original at any time within 3 years. In case the applicant fails to submit the original documents on demand by Licensing Authority, the applicant shall be liable to refund the rebate granted along with interest at the rate prescribed under Section 28AA of Customs Act, 1962, from the date of issuance of scrip. b. Also, there can be instances, where based on the application of the exporter, amount more than the eligible amount has been issued under RoSCTL, while adjusting for MEIS or otherwise. In such cases, concerned RA will examine the relevant scrip's electronic records and in case, an excess claim/ excess disbursal is noted by the RA, the applicant shall refund the excess claim with interest as prescribed in paragraph 3.19 of FIT. c. In case the applicant fails to refund the excess claim as stipulated above or does not respond to any communication by RA within 30 days of receipt of such communication, RA will initiate action as per FT (D&R) Act, 1992 and Rules. d. The rebate allowed is subject to the receipt of sale proceeds within time allowed under the Foreign Exchange Management Act, 1999 failing which such rebate shall be deemed never to ..... x x x x x Extracts x x x x x Chapter 4 - DUTY EXEMPTION / REMISSION SCHEME - Foreign Trade Procedure 2015-2020 (From 5-12-2017 to 31-3-2020) Revised x x x x x Extracts x x x x x ..... ants shall ensure that they are applying only to the concerned Jurisdictional RA, as per para 3.06 (b) of the Handbook of Procedures for getting the scrip and shall submit a declaration to that effect while applying for the scrip online. However, the limitation imposed in para 3.06 (a) regarding choosing an RA at the beginning of financial year and maintaining the same RA for all applications in that Financial Year shall not apply. f. Choice of Port of Registration for RoSL Scrips: While making an online application, the applicant can chose the Port of registration from any one of the EDI ports from where export has been made for the shipping bills in that online application. Duty Credit Scrip (including splits) shall be issued with that single EDI port of registration. g. After system based approval of the final rebate amount, scrips shall be issued by RAs in a paperless mode. However, RAs shall scrutinize 2 percent of issued RoSL applications every month under a Risk Management System (RMS). The RMS cases will be generated by the DGFT system. h. Registration of Scrips: Duty credit scrip needs to be registered at the port mentioned on the scrip. This is to be done prior to allowin ..... x x x x x Extracts x x x x x Chapter 4 - DUTY EXEMPTION / REMISSION SCHEME - Foreign Trade Procedure 2015-2020 (From 5-12-2017 to 31-3-2020) Revised x x x x x Extracts x x x x x ..... me within 30 days from the date of demand raised by the concerned RA of DGFT. Such amount will be refunded by the exporter with 15% interest or as prescribed under Section 28AA of Customs Act, 1962, whichever is more from the date of issue of such Duty Credit Scrip and till the date of actual refund. In case the exporter fails to refund the amount so demanded by RA within the prescribed time limit, recovery proceedings shall be initiated under the provisions of Section 11 of the Foreign Trade (Development and Regulation) Act, 1992 by the RA of DGFT. In case rebate is claimed on the basis of mis-declaration or suppression of facts or by submitting fabricated export documents, the exporter shall be liable for penal action under the provisions of Foreign Trade (Development and Regulation) Act, 1992, as amended time to time. However, unutilized Duty Credit Scrip under RoSL can be surrendered without any interest liability. The amount (principal plus interest and penalty where applicable) so recovered shall be deposited in the relevant account head of Customs i.e. "Major Head 0037 - Customs and Minor Head 101-Import duties” c. In case the applicant fails to refund any excess ..... x x x x x Extracts x x x x x Chapter 4 - DUTY EXEMPTION / REMISSION SCHEME - Foreign Trade Procedure 2015-2020 (From 5-12-2017 to 31-3-2020) Revised x x x x x Extracts x x x x x ..... is obtained by the applicant. (d) Exports/supplies made in anticipation of authorisation shall not be eligible for inputs with pre-import condition." 7. Substituted vide PUBLIC NOTICE No. 9/2015-2020 - Dated 14-05-2018, before it was read as, "(iv) In respect of export product for which SION does not exist, no Advance Authorisation for Annual Requirement shall be available. Further, where SION is fixed but input is listed in Appendix 4J, no exports shall be made under Advance Authorisation." 8. Inserted vide PUBLIC NOTICE NO. 51/(2015-2020) dated 30-11-2018 9. Inserted vide PUBLIC NOTICE NO. 51/(2015-2020) dated 30-11-2018 10. Substituted vide PUBLIC NOTICE No. 63/(2015-2020) dated 27-12-2018 before it was read as "(c) Regional Authority may consider a request of original Authorisation holder and grant one revalidation for six months from expiry date. Request(s) for revalidation of Authorisation shall be filed online in ANF 4D." 11. Substituted vide PUBLIC NOTICE No. 64/(2015-2020) dated 27-12-2018 before it was read as "(vi) Where Norms Committee has already ratified norms for same export and import products in respect of an authorization obtained und ..... x x x x x Extracts x x x x x Chapter 4 - DUTY EXEMPTION / REMISSION SCHEME - Foreign Trade Procedure 2015-2020 (From 5-12-2017 to 31-3-2020) Revised x x x x x Extracts x x x x x ..... lubbing of Authorisations issued with different EO periods shall also be allowed. (x) Accounting of exports made outside expiry of initial or extended EO period of earliest issued authorisation shall not be taken into consideration for EO fulfilment after clubbing of such Authorisations. (xi) Inputs which are common in all Authorisations shall only be clubbed and duty free inputs shall be accounted for as per SION/Ad-Hoc Norms fixed by NC. In other words all inputs covered in all Authorisations need not be same. (xii) Minimum value addition as prescribed in FTP and Procedures for the export product will be required to be maintained on clubbing. Upon clubbing, if shortfall in value or quantity is noticed, the same shall be regularized under the provisions of Para 4.49 of HBP 2015-20. (xiii) After clubbing, Authorisations shall for all purposes, be deemed to be one Authorisation. The value addition would be calculated on the basis of total CIF and total FOB arrived at after clubbing the Authorisations. (xiv) No clubbing shall be permitted in respect of Authorisations where misrepresentation / fraud have come to the notice of RA. Further, no clubbing of Authorisations, where EODC/rede ..... x x x x x Extracts x x x x x Chapter 4 - DUTY EXEMPTION / REMISSION SCHEME - Foreign Trade Procedure 2015-2020 (From 5-12-2017 to 31-3-2020) Revised x x x x x Extracts x x x x x ..... le in the form of minutes on the DGFT website, all other applicants of Advance Authorization are also eligible to apply and get their authorizations based on such ratified norms on repeat basis during validity of these norms.]" 17. Substituted vide Public Notice No. 48/2015-2020 dated 18-12-2019 before it was read as "(a) Exporter has to furnish the proof of exports, wherever required for export of gold/silver/platinum jewellery and articles thereof, by furnishing following documents: (i) E.P copy of the shipping bill; (ii) Customs attested Tax invoice for export/supplies as prescribed under GST rules; (iii) Bank certificate/e-BRC of realisation in Appendix 2U." 18. Substituted vide Public Notice No. 58/2015-2020 dated 29-01-2020 before it was read as "13[4.95 Procedure to apply for the Scheme for Rebate of State and Central Levies and Taxes (RoSCTL) a. The para 4.01 (c) of the FTP is about the RoSCTL. The Gazette Notification of the Ministry of Textiles no. 14/26/2016-IT (Vol II) dated 07.03.2019 outlines the provisions of the Scheme for Rebate of State and Central Taxes and Levies (RoSCTL) to support the Textile Sector (for garments and made-ups). b. The rates ..... x x x x x Extracts x x x x x Chapter 4 - DUTY EXEMPTION / REMISSION SCHEME - Foreign Trade Procedure 2015-2020 (From 5-12-2017 to 31-3-2020) Revised x x x x x Extracts x x x x x ..... e issued by RAs without cross verifying EDI Shipping Bill details. The Scrip would be delivered by hand or by post, based on the option selected by the applicant while applying online. h. Registration of Scrips: Port of Registration of Scrips issued under RoSCTL would be as follows: 1. Duty Credit Scrip (including splits) shall be issued with a single port of registration which shall be any one of the EDI ports from where export is made. In case of shipments from Non EDI ports, the Duty Credit Scrip (including splits) under RoSCTL shall be issued with a single port of registration which shall be the port of export. 2. Duty credit scrip needs to be registered at the port mentioned on the scrip. This is to be done prior to allowing usage of duty credit. Once registered at EDI port, scrip can be automatically used at any EDI port for import and at any manual port under Telegraphic Release Advise (TRA) procedure. 3. In case port of registration is a manual port, TRA shall be required for imports at any other port. i. Validity period and Revalidation: Duty Credit Scrip shall be valid for a period of 24 months from the date of issue and must be valid on the date on which actual debit of ..... x x x x x Extracts x x x x x Chapter 4 - DUTY EXEMPTION / REMISSION SCHEME - Foreign Trade Procedure 2015-2020 (From 5-12-2017 to 31-3-2020) Revised x x x x x Extracts x x x x x ..... oceeds within time allowed under the Foreign Exchange Management Act, 1999 failing which such rebate shall be deemed never to have been allowed. Action under the FT(D&R) Act may be taken by the Regional Authorities for repayment of erroneous or excess paid RoSCTL. Further, the exporter is required to return any over-payment of rebate issued through the scrips arising from miscalculation. Where there is repayment, recovery or return, interest shall also be paid by exporter at the rate of fifteen percent per annum calculated from the date of debit of the scrip till the date of repayment. In case the exporter returns the un-utilized scrips, no interest will be charged, however, penalty may be imposed under an Adjudication order on the grounds of mis-declaration or fraudulent practice.]" 19. Substituted vide PUBLIC NOTICE No. 67/2015-2020 dated 31-03-2020 before it was read as "31.3.2020" 20. Inserted vide PUBLIC NOTICE No. 67/2015-2020 dated 31-03-2020 21. Inserted vide PUBLIC NOTICE No. 67/2015-2020 dated 31-03-2020 22. Inserted vide PUBLIC NOTICE No. 67/2015-2020 dated 31-03-2020 23. Inserted vide PUBLIC NOTICE No. 67/2015-2020 dated 31-03-2020 24. Inserted vide P ..... x x x x x Extracts x x x x x Chapter 4 - DUTY EXEMPTION / REMISSION SCHEME - Foreign Trade Procedure 2015-2020 (From 5-12-2017 to 31-3-2020) Revised x x x x x Extracts x x x x x ..... efore it was read as "Original DFIA holder shall maintain a true and proper account of consumption and utilisation of duty free imported / domestically procured goods against each authorisation as prescribed in Appendix 4H. These records are required to be sent to Regional Authority concerned along with request for bond waiver / redemption / discharge of export obligation / transferability. Such records should be preserved for a period of at least three years from date of redemption." 35. Inserted vide Public Notice No. 20/2015-20 dated 06-08-2021 36. Inserted vide Notification No. 28/2015-2020 dated 23-09-2021 37. Substituted vide Public Notice No. 25/2015-2020 dated 28-09-2021 before it was read as "31[30.09.2021.]" 38. Substituted vide Public Notice No. 53/2015-2020 dated 31-03-2022 before it was read as, "37[31.03.2022]" 39. Substituted vide Public Notice No. 26/2015-20 dated 29-09-2022 before it was read as, "38[30.09.2022]" 40. Inserted vide Public Notice No. 38/2015-2020 dated 25-11-2022 41. Substituted vide PUBLIC NOTICE NO. 52/2015-2020 dated 18-01-2023 before it was read as, "(d) Extension in export obligation period for Author ..... x x x x x Extracts x x x x x Chapter 4 - DUTY EXEMPTION / REMISSION SCHEME - Foreign Trade Procedure 2015-2020 (From 5-12-2017 to 31-3-2020) Revised x x x x x Extracts x x x x x
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