TMI BlogRegarding exemption under Status Holder Incentive Scrip (SHIS) scheme.X X X X Extracts X X X X X X X X Extracts X X X X ..... ortance) Act, 1957 (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 First Schedule and the Second Schedule to the Central Excise Tariff Act, 1985 (5 of 1986), when cleared against a Status Holder Incentive Scheme duty credit scrip issued to a Status Holder by the Regional Authority in accordance with paragraph 3.16 of the Foreign Trade Policy (hereinafter referred to as the said scrip) from,- (i) the whole of the duty of excise leviable thereon under the First Schedule and the Second Schedule to the Cen ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d glassware covered under Chapter 70; plywood and allied products covered under Chapter 44; ceramics or refractories covered under Chapter 69; paper, paper boards and paper products covered under Chapter 48; books, publications and printings covered under Chapter 49; animal by-products covered under headings 35030030, 05069099, 05079010, 05079020, 05079050, 23011010, 23011090, 96062910, and 96063010; ossein and gelatine covered under headings 05061039 and 35030020; graphite products covered under headings 3801, 85451100 and 85451900 and explosives covered under headings 3601, 3602 and 3603; products covered under headings 3201, 32029010, 32030010, 3604, 3605, and 38021000; (ii) electronic products; (iii) sports g ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... issued in violation of the condition contained in the sub-paragraph (5) of paragraph 2 of notification No.101 of 2009 - Customs, dated the 11th September, 2009 or sub-paragraph (4) of paragraph 2 of notification No.102 of 2009 - Customs, dated the 11th September, 2009 or the second proviso to sub-paragraph (1) of paragraph 2 of notification No. 05 of 2013 - Customs, dated the 18th February, 2013 or sub- paragraph (3) of paragraph 2 of notification No. 22 of 2013 - Customs, dated the 18th April, 2013 or first proviso to sub-paragraph (1) of paragraph 2 of notification No. 23 of 2013-Customs, dated the 18th April, 2013 or sub-paragraph (3) of paragraph 2 of notification No. 16 of 2015 - Customs, dated the 1st April, 2015 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... that upon] such transfer, the validity of the said scrip shall remain unchanged; (e) that the capital goods cleared against the said scrip shall be subject to actual user condition; (f) that the said scrip is registered with the Customs authority at the port of registration (hereinafter referred as the said Customs authority); (g) that the holder of the scrip, who may either be the person to whom the scrip was originally issued or a transferee-holder, presents the said scrip to the said Customs authority along with a letter or proforma invoice from the supplier or manufacturer indicating details of its jurisdictional Central Excise Officer (hereinafter referred as the said Officer) and the descr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... earances; (k) that the manufacturer retains a copy of the said scrip, debited by the said Customs authority and endorsed by the said Officer and duly attested by the holder of the scrip, in support of the clearance under this notification; (l) that the said holder of the scrip, to whom the goods were cleared, shall be entitled to avail the drawback or CENVAT credit of the duties of excise leviable under the First Schedule and the Second Schedule to the Central Excise Tariff Act, 1985 (5 of 1986), section 3 of the Additional Duties of Excise (Goods of Special Importance) Act, 1957 (58 of 1957) and section 3 of the Additional Duties of Excise (Textiles and Textile Articles) Act, 1978 (40 of 1978), against th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r Authorisation under the Foreign Trade (Development and Regulation) Act, 1992 (22 of 1992). (E) Status Holder means the person having status category of Export House or Star Export House or Trading House or Star Trading House or Premier Trading House , as the case may be, as mentioned in para 3.10.2 of the Foreign Trade Policy . [F. No. 609/12/2012-DBK] (Rajesh Kumar Agarwal) Under Secretary to the Government of India ----------------------------------------------------------------------- Notes: 1. Inserted vide Notification No. 15/2013- CENTRAL EXCISE dated the 18/04/2013 2. Sub ..... X X X X Extracts X X X X X X X X Extracts X X X X
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