Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding


  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

Amendments in the Handbook of Procedures, Vol.1

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... or inclusion in the period of application. The application for claiming duty credit under the scheme shall be submitted within a period of six months from the last date of the period of the application (i.e. for the period of application April'06 to September'06, the last date of application shall be 31st March 2007). 2. Paragraph 3.20.3 is amended to read as follows: The applicant shall be required to submit a proof of landing of the export consignment in the specified market. The duty credit entitlement certificate shall be granted on FOB value realized as per BRC/ FIRC. In cases where the applicant applies for the credit entitlement certificate after realization or shipments are made against irrevocable letter of credit or bill of exchange is unconditionally Avalised / Co-Accepted / Guaranteed by a bank and the same is confirmed by the exporters bank and certified by the bank in the relevant Bank certificate of Export and Realization, the credit entitlement certificate shall be issued with transferable endorsement. 3. Paragraph 3.20.4 is amended to read as follows: The duty credit entitlement certificate shall be issued with a single port of registration. The port of regis .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... r applicable), the application shall be accompanied by a self attested photocopy(s) of EP copy of Shipping Bill(s) and/or Bank Realisation Certificate. In such cases, the applicant shall also quote Reference no./ File no. of the concerned Regional Authority where the original EP copy of Shipping Bill(s) and /or BRC have been submitted. (ii) In case where EP copy of the Shipping Bill has been lost, claim can be considered subject to submission of the following documents:- a) A duplicate/certified copy of the Shipping Bill issued by the Customs Authority in lieu of original; b) An application fee equivalent to 2% of the entitlement in respect of lost Shipping Bills. However, no fee shall be charged when the Shipping Bill is lost by the Government agencies and a documentary proof to this effect is submitted; c) An affidavit by the exporter about the loss of Shipping Bills and an undertaking to surrender it immediately to the concerned Regional Authorities, in case the same is found subsequently. d) An indemnity bond by the exporter to the effect that he would indemnify the Government for the financial loss if any on account of duty credit issued against lost Shipping Bills. (i .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... s i. Excise Registration Number ii. Issuing Authority 12. VAT Details i. VAT Registration Number ii. Issuing Authority 13. Turnover Details for the preceding three licensing years FY Annual Domestic Turnover (Rs Lakhs) Annual Export Turnover (Rs Lakhs) PART 2 1. IEC Number 2. Applicant Details i. Name ii. Address 3. Application for (please tick the category for which the application is being made): ( Ö ) I. Importer Exporter Code Number (IEC) II. Import Licence for Restricted Items IIA. Import Certificate under Indo - US Memorandum III. Export Licence for Restricted Items IIIA. Export Licence for SCOMET Items IV. Star Export House Certification V. Advance Authorisation / DFRC VA. Gem Replenishment Authorisation VB. Diamond Imprest Authorisation VC. DEPB VD. Duty Free Import Authorisation VI. EPCG .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ier)- yes/ no If yes, initial reference File No._____________________________ (* Exports made on or after 1st April 2006 and against which payment have been realized during the application period April to September/ October to March. No further claims shall be allowed under the scheme against S/Bs included under Sl.No1 of Sub-section XA above, even in case of part realizations.) (** In case of multiple dates of realization against a shipment, the last date of realization is to be mentioned in this column and this date shall be taken into account to determine the period of application (April-Sept / Oct-Mar). All the dates of this column should be in the period of application.) (*** The port of registration shall be one of the ports from which the exports have been made.) PART 4 DECLARATION/UNDERTAKING 1. I/We hereby declare that the particulars and the statements made in this application are true and correct to the best of my/our knowledge and belief and nothing has been concealed or held there from. 2. I/We fully understand that any information furnished in the application if found incorrect or false will render me/us liable for any penal action or other consequences as .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ase we have applied to any other council, the application has been made within the purview of the provisions of Para 3.12 and Para 3.12.1 of the Handbook of Procedures (Vol 1). 15 (A). (Applicable in case of Focus Market Scheme only) a. I/We hereby declare that no benefit under Focus Market Scheme was availed previously against Shipping Bills currently included in Sub Section XA above for calculation of benefit under this application. b. I/we hereby declare that export product for which the benefit is being claimed under this application does not contain any shipment for which benefit under the Focus Product Scheme or under Vishesh Krishi and Gram Udyog Yojana has been claimed/ will be claimed. c. I/we hereby declare that shipment for which benefit is claimed under this application contains only those export shipments exported through Customs EDI enabled ports. d. I/we hereby declare that shipment for which the benefit is being claimed under this application contains only those exports/ shipments for which payments from abroad have been received in own name. e. I/we hereby declare that exports for which the benefit is being claimed does not include (i) Export of imported go .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates