TMI BlogRegarding implementation of Merchandise Export from India Scheme (MEIS) under FTP 2015-2020X X X X Extracts X X X X X X X X Extracts X X X X ..... ed in the Fourth Schedule to the said Central Excise Act, when cleared against a duty credit scrip issued by the Regional Authority under the Merchandise Exports from India Scheme in accordance with paragraph 3.04 read with paragraph 3.05 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) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... eady made towards imports under Notification No. 24/2015-Customs, dated the 8th April, 2015 , the debits made under notification No. 10/2015-Service Tax, dated the 8th April, 2015 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; (4) 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 debi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... specified in the said scrip (hereinafter referred to as the said Customs Authority); (2) that the holder of the scrip, who may either be the person to whom the scrip was originally issued or a transferee-holder, presents details of 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 to as the said Officer) and the description, quantity, value of the goods to be cleared and the duties leviable thereon, but for this exemption; (3) that the said Customs Authority, taking into account the debits already made towards imports under n otification No. 24/2015-Customs, dated the 8th April, 201 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e of clearance. ] Explanation. - For the purposes of this notification, - (I) Capital goods has the same meaning as assigned to it in paragraph 9.08 of the Foreign Trade Policy; (II) Foreign Trade Policy means the Foreign Trade Policy, 2015-2020 , published by the Government of India in the Ministry of Commerce and Industry notification number 01/2015-2020, dated the 1st April 2015 as amended from time to time; (III) Goods means any inputs or goods including capital goods; (IV) Regional Authority means the Director General of Foreign Trade appointed under section 6 of the Foreign Trade (Development and Regulation) Act, 1992 (22 of 1992) or an officer authorised by him to grant an authorisation includin ..... X X X X Extracts X X X X X X X X Extracts X X X X
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