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Clarification regarding benefit under Incremental Export Incentivisation Scheme (IEIS) notified vide Notification No.27 dated 28th December 2012

DGFT - 4/2016 - Dated:- 5-5-2016 - Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhawan, New Delhi Trade Notice No. 4/2016 Date 5th May 2016 To 1. All RAs of DGFT 2. Customs Authorities Subject: . The Incremental Export Incentivisation Scheme (IEIS) was introduced vide Notification No.27 dated 28.12.2012. Under the scheme, an INC holder was entitled for duty credit scrip (a,) 2% on the incremental growth during the perio .....

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ter scrutiny by Regional Authority. 3.Thereafter on 23.092014, a clarification was issued by DGFT to RAs that Para (i) and (ii) in Notification No. 44 dated 25.09.2013 are independent. The limiting of claim was clearly mentioned in the first sub-para of Notification which fixes the upper limit of grant of benefit. The second sub-para in the Notification only directs RAs to exercise caution while dealing with cases of incremental growth of export under the scheme. It does not entitle any applican .....

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RAs may further process the cases without imposing any cap on account of the earlier stipulation of restricting growth to 25% or incremental growth of ₹ 10 crore in value, whichever is less. (ii) RAs must, however, exercise due diligence while processing such claims by following guidelines of greater scrutiny as prescribed in Public Notice No. 28 dated 25.09.2013 to check claims having high growth % and/or value and against irregularities. In this regard the Policy Notification No.27 date .....

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