TMI BlogRegarding Exemption Focus Product Scheme Duty Credit ScripX X X X Extracts X X X X X X X X Extracts X X X X ..... xcise Act , when cleared against a Focus Product Scheme duty credit scrip issued to an exporter by the Regional Authority in accordance with paragraph 3.15 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 said 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 (iii) the whole of the additional duty of ex ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... is notification shall not be available to goods or items, the imports of which are not permitted against the said scrip; (d) that the said scrip is registered with the Customs authority at the port of registration (hereinafter referred as the said Customs authority); (e) 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 description, quantity, value of the goods to be cleared and the duties leviable thereon, but for ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 Fourth Schedule to the Central Excise Act, 1944 , 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 5th 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 I ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 17/2017 - Dated 30-6-2017 , w.e.f. 1st day of July, 2017 before it was read as, (j) 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 the amount debited in the said scrip and validated at the time of clearance . - Notification Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.co ..... X X X X Extracts X X X X X X X X Extracts X X X X
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