9911796707
TMI BlogDeactivation of IEC, newcomers, duty free imports for service providers, addition of AEZs, application free for duty free entitlement, addition of EPC etcX X X X Extracts X X X X X X X X Extracts X X X X ..... has not made any import/export in the preceding licensing year, such IEC shall be made inoperative from 1st of July. The inoperative IEC may be reactivated upon furnishing a fee of Rs.500/- to the regional licensing authority. 2. Paragraph 2.31 is amended as under: "Wherever an import licence/certificate/permission, including Customs Clearance Permit (CCP), is required under the Policy, the procedure contained in this chapter would be applicable". 3. Sub paragraph (i) of paragraph 2.34 pertaining to "import of ammunition by licenced arms dealers" is amended as under : (i) Shotgun Cartridges 28 bore; 4. Paragraph 2.53 shall be corrected to read as under : "For export of gifts and replacement goods in excess of the ceiling/period prescribed in paragraphs 2.32, 2.33 and 2.37 respectively of the Policy, an application may be made to the Director General of Foreign Trade". 5. Paragraph 3.12.1 is amended as under: In addition, an exporter has the option to obtain an RCMC from FIEO or any other EPC, if the products exported by him relate to those EPC's. If the export product is such that it is not covered by any EPC, RCMC in respect thereof may be issued by FIEO. 6. The followi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of paragraph 4.7.1. "However, in cases where ALC has already ratified the norms for the same export import product in respect of a licence obtained under paragraph 4.7, such norms shall be valid for a period of six months reckoned from the date of ratification. The licence holder in such cases shall be entitled for further licence(s) as per the norms ratified by ALC without the need for subsequent ratification by ALC. However, licensing authority after issuance of the licence shall forward such cases to ALC for consideration of fixation of Standard Input Output Norms. The total value of licence(s) obtained on such norms shall not exceed 100% of the FOB and/or FOR value of preceding year export/supply". 10. The last sub paragraph under paragraph 4.26 shall be corrected to read as under: "Ordinarily, redemption of BG/LUT shall not preclude the customs authority from taking action against the licence holder for any misrepresentation, mis-declaration and default detected subsequently" . 11. Paragraph 5.14 may be corrected to read as under: In case, EPCG licence holder fails to fulfil the prescribed export obligation, he shall pay duties of Customs plus 15% interest per annum to th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... "List of Countries, export to which entitled the grant of Export House Status at reduced threshold limit". Sl. No. Country Sl. No. Country 1A Algeria 29A Morocco 13A Egypt 42A Sudan 24A Libya (excepting for export of goods listed in Appendix 31) 45A Tunisia 16. Appendix - 20A pertaining to "Proforma for Appeal" is deleted. 17. Condition number (x) of the "Form of legal Agreement/Undertaking" under Appendix - 21A is corrected as under: (x) That the party irrevocably undertakes that in the event of his default in meeting the aforesaid export obligations/conditions, they shall pay the applicable Customs Duties, 15% interest per annum on the amount of customs duties saved from the date of import of the first consignment till the date of payment and surrender where ever applicable any prescribed amount through TR challan to meet the shortfall in the export obligation as may be imposed on the licence/sanction/scheme. In addition to the aforesaid the party shall also abide by the conditions imposed by the relevant Customs notification for the Scheme. 18. Serial number 20 is amended and a new serial number 28A is added and under Appendix-27 pertaining to "List of Expor ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Application for Duty Entitlement Passbook (DEPB), Duty Free Credit Entitlement Certificate for service provider and Duty Free Credit Entitlement Certificate for status holder. Five per thousand of duty credit subject to a minimum of Rs. Two hundred. However, for application filed electronically, Rs. 2.50/ 1000 of duty credit subject to a minimum of Rs. 200/- 12. Application for Export Promotion Capital Goods (EPCG) Rs. Five per thousand of duty saved subject to a minimum of Rs. Two hundred. However, for application filed electronically, Rs. 2.50/1000 of duty credit subject to a minimum of Rs. 200/- 21. Appendix 36A shall be amended as per annexure "A" attached with the public notice. 22. The following agri export zones are added in Appendix - 15. S. No. Product State Districts covered 46. Dehydrated onion & Garlic Gujarat Districts of Bhavnagar, Surendranagar, Amreli, Rajkot, Junagadh and Jamnagar districts 47. Gherkins Andhra Pradesh Districts of Mahboobnagar, Rangareddy, Medak, Karimnagar, Warangal, Ananthapur and Nalgonda 48. Pomegranate Maharashtra Districts of Solapur, Sangli, Ahmednagar, Pune, Nasik, Osmanabad Sd/- (L. Mansingh) Director General of Fore ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ... Name in Block Letters:.......................................... Designation:.......................................... Place:.......................................... Date:............................ Full Official Address:.......................................... Residential Address:.......................................... E. Mail address:.......................................... OfficialStamp/Seal CERTIFICATE OF CHARTERED ACCOUNTANT/ COST AND WORKS ACCOUNTANT/COMPANY SECRETARY I/We hereby confirm that I/We have examined the prescribed registers and also the relevant records of M/s …………………………….. for the period specified in S. No. (6) above and hereby certify that: M/s ………………………… (Name and address of the applicant) who is a service provider under the category ……………… at S. No. ………… of Appendix-36 have earned foreign exchange as per the details supplied at Sl. No. 6 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 Account ..... X X X X Extracts X X X X X X X X Extracts X X X X
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