TMI BlogRegarding Exemption under Agri. Infrastructure Incentive Scrip.X X X X Extracts X X X X X X X X Extracts X X X X ..... 58 of 1957) and sub-section (3) of section 3 of the Additional Duties of Excise (Textiles and Textile Articles) Act, 1978 (40 of 1978), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby exempts capital goods specified in the Table annexed hereto, when cleared against an Agri. Infrastructure Incentive Scrip duty credit scrip issued to an exporter by the Zonal Office, Central Licensing Area, New Delhi in accordance with paragraph 3.13.4 of the Foreign Trade Policy (hereinafter referred to as the said scrip) under Vishesh Krishi and Gram Udyog Yojana (Special Agriculture and Village Industry Scheme) from,- (i) the whole of the duty of excise leviable thereon under the First Schedu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... exported through Domestic Tariff Area units; and (vi) Items, which are restricted or prohibited for export under Schedule -2 of Export Policy in ITC (HS); (b) that the benefits under this notification shall not be available for clearance of the items listed in Appendix 37B of the Hand Book of Procedures, Volume I; (c) that the benefits under this notification shall not be available to goods or items, the imports of which are not permitted against the said scrip; (d) that the scrip shall be non-transferable: Provided that the scrip shall be transferable amongst Status Holders for procurement of Cold Chain equipment: Provided further that the scrip shall be transferable for procurement ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... duties leviable thereon, but for this exemption; (i) that the said Customs authority, taking into account the debits already made towards imports under Notification No. 94/2009-Customs , dated the 11th September, 2009 and this exemption, shall debit the duties leviable, but for this exemption in or on the reverse of the said scrip and also mentions the necessary details thereon, updates its own records and sends written advice of these actions to the said Officer; (j) 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 (A) in case of any amount short debit ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ct, 1978 (40 of 1978), against the amount debited in the said scrip and validated at the time of clearance. Explanation - For the purposes of this notification, - (A) Foreign Trade Policy means the Foreign Trade Policy, 2009-14 , published by the Government of India in the Ministry of Commerce and Industry, vide notification No.01 (RE 2012)/2009-2014 , dated the 5 th June, 2012. (B) Handbook of Procedures Volume 1 means the Handbook of Procedures Volume 1, 2009-14, published by the Government of India in the Ministry of Commerce and Industry, vide Public Notice No. 01 (RE 2012)/2009-2014 , dated the 5th June, 2012. (C) Status Holder means the person having status category o ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
