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Guidelines for Issuance of Duty Credit Scrips under Incremental Export Incentivisation Scheme (IEIS) for Quarterly period (01.01.2013 to 31.03.2013) in pursuance of Trade Notice 04 dated 05.05.2016

DGFT - 16/2016 - Dated:- 14-9-2016 - Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhawan, New Delhi Trade Notice No. 16/2016 Date: 14th September 2016 To 1. All RAs of DGFT 2. Customs Authorities Subject: . The Incremental Export Incentivisation Scheme (IEIS) for Quarterly basis (01.01.2013 to 31.03.2013) was introduced vide Notification No.27 dated 28.12.2012. Under this scheme, an IEC holder was entitled for duty cred .....

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stipulation of restricting growth to 25% or incremental growth of ₹ 10 crore in value, whichever is less. 3. In pursuance of the Trade Notice No.4 dated 05.05.2016, changes in entitlement in the online system for the IEIS Quarterly cases has been incorporated and list of such cases where Supplementary Scrip is to be issued is made available in the Online Application Menu of the Quarterly IEIS Scheme. 4. All the concerned RAs now have facility to re-open the files in such cases for issue of .....

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against irregularities if any. Where the export growth or total claim under Scheme is excessive and out of trend, RA would check claims in detail, including where necessary by seeking help from Customs, DRI etc. In this regard Notification No.27 dated 28.12.2012 may also be carefully seen, in addition other relevant FTP/HBP provisions. Inter alia, transfer of export performance any other IEC holder is not permitted under the scheme as per Para 3.14.4 (d) FTP 2009-14. Similarly disclaimer provis .....

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is observed many of the firms have shown different export performance under such different file numbers for the base period ( 01.01.2012 to 31.03.2012) and the claim period (01.01.2013 to 31.03.2013) . In this regard, the provisions of the HBP and the ANF 3F are specified below: i. As per Public Notice No. 13 dated 17.05.2013, in the prescribed ANF 3E had clearly been mentioned that that export shipments from all EDI can be filed in one application while for export shipments from each EDI ports .....

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performance during the base period ( 01.01.2012 to 31.03.2012) and the claim period ( 01.01.2013 to 31.03.2013). 7. In view of the above prescribed procedures, filing of multiple applications with different export performance under different file numbers, except as prescribed in the ANF 3F, is in clear violation of the procedure prescribed. In all such cases, the RAs shall take necessary actions as per relevant sections of the FT (D & R) Act 1992 as amended from time to time, including proce .....

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ra 3.14.4(b) of the FTP 2009-14, an IEC holder would be entitled for a duty credit scrip @ 2% on the incremental growth (achieved by the IEC holder) during the period 01.01.2013 to 31.3.2013 compared to the period from 01.01.2012 to 31.3.2012 on the FOB value of exports. As per Para 3.14.4(c) of the FTP 2009-14, quantum of benefit will be calculated on the incremental growth achieved subject to eligibility criteria given in Para 3.14.4(d) of FTP 2009-14. As per Para 3.14.4(d) 2009-14, benefit un .....

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