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TMI BlogAmendment in Handbook (Vol 1).(RE-01), 1997-2002X X X X Extracts X X X X X X X X Extracts X X X X ..... to deposit an equivalent amount through TR in the authorised branch of Central Bank of India indicating the "Head of Account :0037 - Customs and Minor Head: 101- Imports" so that the deposited amount and the FOB value realised in Indian Rupees together account for the minimum prescribed value addition (or positive value addition, as the case may be) over the CIF value." 2) The second paragraph 7.28 B (ii) is amended to read as : "However, in case he fails to achieve minimum prescribed value addition, he shall be required to deposit an equivalent amount through TR in the authorised branch of Central Bank of India indicating the "Head of Account :0037 - Customs and Minor Head: 101- Imports so that the deposited amount and the FOB value realised in Indian Rupees account for the minimum prescribed value addition over the CIF value." 3) The first sentence of paragraph 7.29 is amended as under: "The customs duty with interest to be recovered from the licencee on account of regularisation or enforcement of BG/ LUT, as the case may be , shall be deposited by the licence holder in relevant Head of Customs Revenue i.e. Major Head : 0037- Customs and Minor Head: 101 - Import Duties in pr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... luding by products and services in the DTA on payment of applicable duties on the basis of self-certification." 13) In paragraph 9-A.11 (iv) the last sentence shall be read as under: "Sectoral norms as notified by the Government shall apply to foreign investment in services and trading activities." 14) In paragraph 9-A.12, the following new sub-para (d) is incorporated:- "(d) SEZ units may be permitted to remove moulds, jigs, tools, fixtures, tackles, instruments, hangers and patterns and drawings to the premises of sub-contractors subject to the conditions that these shall be brought back to the bonded premises of SEZ units on completion of the job work within a stipulated period" 15) Paragraph 9-A.19 (iii)(b) is deleted. 16) In paragraph 9-A.19 (iii), the following two new sub-para (g) and (h) are added: "(g) Approve applications for setting up of units in SEZ other than proposals for setting up of unit in the service sector (except software and IT enabled services, trading or any other service activity as may be delegated by the BOA), provided that the item of manufacture does not require an industrial licence under the Industries (Development & Regulation) Act, 1951. (h ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ntry is amended as under: S.No Description of Export Product DEPB Rate Value Cap 43 Televisions - Colour of all Screen sizes including projection TV and video projector in CKD/ SKD/CBU thereof 22.00 (i)Rs 4200 per piece for size upto and including 17" (ii) Rs 8700 per piece for size above 17" (excluding 17") 26) The address and contact numbers of M/s American Quality Assessors (India) Pvt Ltd (Under the Offices of AQA, USA) appearing at S.No 12 of Appendix 32A and S.No 12 of List A under Appendix 32B is amended to read as under: 3-6-157, Victory Vihar, 4th Floor, Himayathnagar, Hyderabad -500 029 Tel: 040-3222894,3222895 Fax: 040-3223023 Email: [email protected]/ [email protected] 27) The following clarification is issued with reference to Appendix 41 that pertains to the "Norms of Scrap/ Waste Material for an Export Product under EOU and units in EPZ". The wastage norms for Combed Cotton Yarn at S.No 100 of Appendix 41 of the Handbook as per the table given below would be applicable w.e.f. 01.12.1999 i.e the date of issue of Public Notice No 42 (RE-99). S.No Goods Manufactured Imported Goods used Percentage of scrap or waste on imported goods 100 a)Combed C ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... for its correctness by a Chartered Accountant with reference to the account records and registers maintained by the unit. APPENDIX - 16 E Guidelines for monitoring the performance of EOU/EPZ/SEZ units (1) The annual review of performance of each operational unit and its compliance with the conditions of approval shall be undertaken by the Development Commissioner before the end of the first quarter of the following financial year; (2) A summary of annual performance review will be sent by each Development Commissioner to the Ministry of Commerce for information under the three formats indicated below latest by 30th June every year; Proforma I: Comparative statement of performance and monitoring as compared to previous year; Proforma II: Summary of annual performance of the EOU/EPZ/SEZ units, sector - wise with sectoral sub - totals. Proforma III: Unit-wise statement on NFE and NFEP showing the result of review. (A) EOU / EPZ units: CRITERIA FOR ANNUAL MONITORING: The criteria for keeping the unit under watch or initiating penal action in respect of EOU/EPZ units would be as follows : i) Watch - If there is shortfall in achieving the NFEP and/or Export Performance (as p ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... financial year on the basis of APR to be completed in the following quarter. The formats of QPR/APR have been prescribed in the LUT at Appendix B and Appendix BB. b) Joint review of EP/NFEP of the EOUs would be conducted by the DC / JDC and jurisdictional Deputy Commissioner / Asstt. Commissioner of Customs and Central Excise in the office of Commissioner of Customs / Central Excise where representative of units would also be invited. This will help them to understand the scheme and clear the doubts about operation. The Development Commissioner are advised to identify the number of Customs and Excise Commissioners where the meetings are to be held and work out a scheduled for visiting each of these places. It is suggested that at least two places should be visited each month, so that all places are covered within a period of three months. Some places may be covered by JDC and in the next six months, these could be interchanged between JDC and DC. For EPZ/SEZ units, this review will be done in the Zone itself. c) For publicising the scheme, advertisement in the local papers may be arranged before the date of such meetings. Promotion program may be organised in collaboration with ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... and suggest corrective measures to enable the defaulting units to fulfil their obligations as per Exim Policy/Customs Notifications (c) OTHER CONDITIONS: Development Commissioner will monitor Foreign Exchange realization/remittance of EOU/EPZ/SEZ units in coordination with the concerned General Manager of RBI as per instructions issued on the subject vide RBI circular No. COEXD. 3109/05.62.05/99-2000 dated 21.2.2000. ANNEXURE - I CALCULATION OF NFEP/NFE While calculating NFEP/EP achieved, following basic components are to be taken into consideration: i. Amortised value of capital goods and technical know how fee ii. Value of import of R. M. (which is consumed during the year and consumables, spares, etc.). iii. Other outflow of foreign exchange towards royalty, interest on external commercial borrowings etc. iv. Value of physical exports effected excluding DTA sales but including supplies made under para 9.10 and 9A.10 of the policy. 1. Amortised Value of Capital Goods: For this purpose as much value of CG is taken into account as indicated in para 9.40 for NFEP and 9A.32 for NFE of the Hand Book of procedure (Vol.I). The CG imported prior to the 5 years period is not tak ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 6-H QUARTERLY REPORT TO BE FURNISHED BY UNITS IN SEZ Quarterly statement to be furnished by the SEZ unit in terms of paragraph 9A.5 of Handbook of Procedures (Vol. I). (All figures to be given in US$) 1. Name of the unit : 2. Period of reporting : 3. Item(s) of manufacture/trading/service : 4. Date of commencement of production/operation S.No. Transaction Value in US$ 1. Opening balance as on the date of conversion/Ist day of quarter into SEZ scheme:- i) capital goods and office equipments, ii) raw materials. Components, consumables, spare parts, iii) finished manufactured products (category of items and value to be indicated. In case of imported capital goods, balance value remaining after amortization allowed under EPZ scheme only to be indicated). 2. CIF value of CG and office equipments imported / purchased from other EPZ / SEZ / EOU / EHTP during the quarter. 3. CIF value of raw materials/ components, consumables imported during the quarter. 4. Other foreign exchange outgoes on account of commission/ dividend/ royalty etc. during the quarter. 5. Value of goods received from other SEZ/EPZ/EOU/EHTP/STP units under inter-unit transfer during the quarter. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... No. 14/1/2001-EPZ: In supersession of Ministry of Commerce and Industry Notification No. 14/1/2001 dated 19.6.2001, Government of India hereby constitutes combined Board of Approvals for EOU/EPZ and SEZ Schemes as under:- 1. Additional Secretary Department of Commerce Chairman, 2. Joint Secretary Department of Commerce Member 3. Joint Secretary, Department of Industrial Policy and Promotion Member 4. Member(Customs) Central Board of Excise and Customs Member 5. Director General of Foreign Trade Member 6. Joint Secretary, Ministry of Environment and Forests Member 7. Joint Secretary, Ministry of Science and Technology Member 8. A representative from Ministry of Small Scale Industries and Agro and Rural Industries Member 9. Development Commissioner of the concerned EPZs/SEZs Member 10. A representative of Department of Economic Affairs Member 11. A representative of Ministry of Urban Development and Poverty Alleviation Member 12. A representative of Central Board of Direct Taxes Member 13. Deputy Secretary/Director (EOU/EPZ) Department of Commerce Member-Secretary Powers and functions of the Board: 1. The Board shall consider proposals ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Software Technology Park (STP) and Special Economic Zones(SEZ)from Domestic Tariff Area (DTA) Note: Please see paragraph 9.29 and 9A.17 of this Handbook. The procedure given hereunder shall be applicable for reimbursement of Central Sales Tax. 2. The Export Oriented Units (EOUs) and units in Export Processing Zones (EPZs), Electronic Hardware Technology Park (EHTP), Software Technology Park (STP) and Special Economic Zones (SEZ) will be entitled to full reimbursement of Central Sales Tax (CST) paid by them on purchases made from the Domestic Tariff Area (DTA), for production of goods and services as per Exim Policy on the following terms and conditions: (a) The supplies from DTA to EOU/EPZ/EHTP/STP/SEZ units must be utilised by them for production of goods meant for export and/or utilised for export production and may include raw material, components, consumables, packing materials, capital goods, spares, material handling equipment etc. on which CST has been actually paid by the EOU/EPZ/EHTP/STP/SEZ (ii) While dealing with the application for reimbursement of CST, the Development Commissioner or the designated officer of EHTP/STP shall see, inter alia, that the purchases are ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (iii)In case of units located in other regions, the partnership Chartered Accountant firms should have atleast one full time partner, who should be an FCA. (iv)For the regions indicated in (i) above, the Chartered Accountant firm be located in the area where the unit is situated otherwise qualification of (iii) shall apply. b) Photostat copy of C Form issued by the EOU/EPZ/EHTP/STP/SEZ to the supplier in the DTA with reference to the counterfoil produced by the unit. The counterfoil of C form will be returned to the unit after making suitable endorsement like 'cancelled/CST reimbursed' duly signed by the authorised officer of the Zone administration. While making the endorsement only, the items for which CST has been reimbursed should be indicated as cancelled. and the photostat copy will be retained by the officer for keeping in respective file. In the event of the same `C' form being used again, the verification could be done at the time of scrutiny from the self attested photocopies. The firm must indicate the file No. on which the original stands submitted. (vi) The reimbursement will be limited to the payment of CST against C Form only. (vii) The EOU/EPZ/EHTP/STP/SEZ sh ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... clare the type of rice and country of origin. The export of rice would be under brand names suitably registered with APEDA which shall be the nodal agency in the matters relating to labeling and registration of brand names; iii) The approval shall be granted in consultation with Ministry of Food Processing Industries with regard to capacity of the unit; iv) EOU/EPZ rice mills will be exempted from levy orders limited to the quantity exported by them. (2) COTTON YARN: The approval for manufacture of cotton yarn in the range of 40 counts and below would be subject to conditions mentioned in Press Note No.2 of 1999 dated 18.1.99 issued by the Deptt. of IP&P (3) TEA: The approval for setting up EOUs would be subject to the following conditions:- i) DTA sale of Tea will not be allowed . ii) Use of "India Tea logo" shall be allowed with the permission of Tea Board. iii) DTA sale of instant tea would be allowed upto 20% of FOB value of exports in the form of tea bags or bulk. (iv) Tea units may be allowed to sell tea waste in accordance with para 9.20 of the Policy. (4) COFFEE Export of imported coffee shall be subject to approval from Coffee Board under relevant Act. (5) ME ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... _________ (full name and address of the applicant) have earned the following foreign exchange from direct and indirect sources in the prescribed licensing year: The following documents/records have been furnished by the applicant for services provided against Direct/Indirect foreign exchange and have been examined and verified by me/us. In respect of direct foreign exchange earnings, we have verified the certified statements from the Banker/ Chartered Accountant of Foreign Exchange Earnings. In respect of indirect forex earnings duly certified by Chartered Accountant such as amount received from Travel agents/Tour Operators, Foreign Airlines for stay of Crew and Catering, UN organizations and Diplomatic Missions and Encashment Certificate from authorized dealers and others in terms of DGFT Policy circular no.60/97-2002 dated 24.12.1998. 1. The financial information given in the above statement is in agreement with the relevant register and records; the same has been incorporated in the books of accounts maintained by the Service provider; and is also true and correct. 2. It has been ensured that the information furnished is true and correct in all respect; no part of it is fal ..... X X X X Extracts X X X X X X X X Extracts X X X X
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