TMI BlogRe-import of goods repaired abroad - Export of Gifts, Spares & repaired goods - DFCEX X X X Extracts X X X X X X X X Extracts X X X X ..... Goods, including edible items, of value not exceeding Rs.5,00,000/- in a licensing year, may be exported as gift. However, items mentioned as restricted for exports in ITC(HS) shall not be exported as gift, without a licence/certificate/permission. 3. Paragraph 2.33 pertaining to "Export of Spares" stands corrected to read as under: Warranty spares, whether indigenous or imported, of plant, equipment machinery, automobiles or any other goods, except those restricted for export in the ITC(HS) Classification of Export Import items, 2002-2007, may be exported alongwith the main equipment or subsequently but within the contracted warranty period of such goods subject to approval of RBI. 4. Paragraph 2.38 pertaining to "Export of repaired goods" stands corrected to read as under: Goods or parts, except those restricted for export in the ITC(HS) Classification of Export Import items, 2002-2007, thereof on being exported and found defective, damaged or otherwise unfit for use may be imported for repair and subsequent re-export. Such goods shall be allowed clearance without a licence/certificate/permission and in accordance with customs notification issued in this behalf. 5 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... exported through DTA units; (iii) Deemed exports (even when payments are received in Free Foreign Exchange) and payment from EEFC account (iv) Service exports (v) Supplies made by one status holder to another status holder; (vi) Export performance made by one status holder on behalf of other status holder will not be eligible for entitlement under the scheme. (vii) Supplies made or export performance effected by a non-status holder (Merchant exporter/Manufacturer with any export performance in 2003-04) to a status holder if the applicant as well as the non status holder have less than 25 per cent incremental growth over their respective previous years direct export turnover. (viii) The exports made by an applicant within a group and the group to which it belongs has individually less than 25 per cent incremental growth of export. Note—2. - The incremental growth of exports by an exporter shall not, directly or indirectly, be transferred to any other exporters." Note-3 - Government reserves the right in public interest, to specifiy the export products, which shall not be eligible for calculation of incremental growth/ entitlement. Similarly, the government may also noti ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ity of advance licence shall also be available where all or some of the inputs are supplied free of cost to the exporter. In such cases, for calculation of value addition, the notional value of free of cost inputs alongwith value of other duty free inputs shall be taken into consideration. However, if all the inputs are supplied free of cost, the applicant shall have the flexibility to opt for the provisions of paragraph 4.2.7 of the Policy. 8. Paragraph 4.1.7 A pertaining to the Advance Licence for Annual Requirements" is amended as follows:- Advance Licence can also be issued on the basis of annual requirement for physical exports, intermediate supplies or deemed exports. Export House, Trading House, Star Trading Houses and Super Star Trading Houses shall be entitled for Advance Licence for annual requirement. However, if the status holders are holding the certificate as merchant exporter, they are also entitled to the Advance Licence for Annual Requirement provided they agree to the endorsement of the name(s) of the supporting manufacturer(s) on the relevant licence. The entitlement under this scheme shall be upto 200% of the FOB/FOR value of export in the preceding lic ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ractories, catalyst consumable for the existing plant and machinery may also be imported under the EPCG Scheme subject to an export obligation equivalent to 8 times of duty saved to be fulfilled over a period of 8 years reckoned from the date of issuance of licence. 14. Para 5.4(i) pertaining to "Export Obligation" is amended as under: (i)The export obligation shall be fulfilled by the export of goods capable of being manufactured or produced by the use of the capital goods imported under the scheme. The export obligation may also be fulfilled by the export of same goods, for which EPCG licence has been obtained, manufactured or produced in different manufacturing units of the licence holder/specified supporting manufacturer (s)/ vendor(s). The export obligation under the scheme shall be, over and above, the average level of exports achieved by him in the preceding three licensing years for same and similar products except for categories mentioned in Handbook (Vol.1). Alternatively, export obligation may also be fulfilled by exports of other goods manufactured or service provided by the same firm/company or group company which has the EPCG licence. However, in such cases, the ..... X X X X Extracts X X X X X X X X Extracts X X X X
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