TMI BlogRegarding Exemption under Focus Market Scheme (FMS).X X X X Extracts X X X X X X X X Extracts X X X X ..... ods specified in the Fourth Schedule to the said Central Excise Act, when cleared against a Focus Market Scheme duty credit scrip issued to an exporter by the Regional Authority in accordance with paragraph 3.14 of the Foreign Trade Policy (hereinafter referred to as the said scrip) from the whole of duty of excise leviable thereon under the Fourth Schedule to the Central Excise Act . ]- (i) the whole of the duty of excise leviable thereon under the First Schedule and the Second Schedule to the Central Excise Tariff Act, 1985 (5 of 1986); (ii) the whole of the additional duty of excise leviable thereon under section 3 of the Additional Duties of Excise (Goods of Special Importance) Act, 1957 (58 of 1957); and ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s; (vi) Items, which are restricted or prohibited for export under Schedule-2 of Export Policy in ITC (HS); (vii) Supplies made to Special Economic Zone units; (viii) Service Exports; (ix) Diamonds and other precious, semi precious stones; (x) Gold, silver, platinum and other precious metals in any form, including plain and studded jewellery; (xi) Ores and Concentrates, of all types and in all forms; (xii) Cereals, of all types; (xiii) Sugar, of all types and in all forms; (xiv) Crude or Petroleum oil and Crude or Petroleum based products covered under ITC HS codes 2709 to 2715, of all types and i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Sugar of all types and all forms; (x) Crude / petroleum oil and crude / primary and base products of all types and all formulations; (xi) Export of milk and milk products; (xii) Export performance made by one exporter on behalf of other exporter; (xiii) Supplies made to SEZ units; (xiv) Items, export of which requires an export authorisation (except SCOMET); (xv) Export of Meat and Meat Products; (xvi) Exports to Singapore, UAE and Hong Kong, (xvii) SEZ/EOU/EHTP/BTP/FTWZ products exported through DTA units] 6 [(xviii) Cotton (for the paragraph 3.14.5 of the Foreign Trade Policy ); (xix) 7 [***] (xx) Export which are subject to Minimum Export Price or Export Duty (for the paragraph 3.14.5 of the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... dvice of these actions to the said Officer; (g) that at the time of clearance, the holder of the scrip presents the said scrip debited by the said Customs authority to the said Officer along with an undertaking addressed to the said Officer that in case of any amount short debited in the said scrip he shall pay on demand an amount equal to the short debit, along with applicable interest; (h) that based on the said written advice and undertaking, the said Officer endorses the clearance particulars and validates, on the reverse of the said scrip, the details of the duties leviable, but for this exemption, which were debited by the said Customs authority, and keeps a record of such clearances; (i) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 09 and 2. Substituted vide Notification No. 21 / 2013-Central Excise dated 13 th June, 2013 , before it was read as, Volume I . 3 . Substituted vide Notification No. 21 / 2013-Central Excise dated 13 th June, 2013 , before it was read as, the Focus Market Scheme . 4. Inserted vide Notification No. 21 / 2013-Central Excise dated 13 th June, 2013 . 5. Inserted vide Notification No. 31/2013-Central Excise dated December 26, 2013 6. Inserted vide Notification No. 31/2013-Central Excise dated December 26, 2013 7. Deleted vide Notification No. 05/2014-Central Excise February 24, 2014 , Cotton Yarn (for the paragraph 3.14.5 of the Foreign Trade Policy ); 8. Substituted vide Not. 17/2017 - ..... X X X X Extracts X X X X X X X X Extracts X X X X
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