TMI BlogOperations of EOU/STPI/EHTP and DTA units availing exemption /concessional rate Of duty under Import Of Goods at Concessional Rate Of Duty Rules, 2017 based on circulars and Notifications issued by CBICX X X X Extracts X X X X X X X X Extracts X X X X ..... by CBIC Attention of all EOU/STPI/EHTP and DTA units availing exemptions/concessional rate of duty under Import of Goods at Concessional Rate of Duty Rules, 2017 (IGCRD Rules, 2017) is invited to the CBIC Circular NO- 50/2018 dated 06.12.2018. Clarification with respect to amendments to Customs and Central Excise notifications for EOUs - EOU/EHTP/STP/BTP schemes are governed by Chapter 6 of Foreign Trade Policy (FTP), duly supported by the relevant Customs and Central Excise notifications. These notifications have now been amended in order to align them with the present Foreign Trade Policy (FTP), 2015-2020, as amended, as well as to remove redundancies that had crept in over the time on accoun ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s provided in para 4 of the Notification No. 52/2003- Customs, dated 31.03.2003. Further, for leftover textile fabric or textile material, such payment of duty would be based on the transaction value as per existing provisions. (c) Removal/modification/updation of the redundant/old notifications/ provisions of the FTP etc., as follows:- i. Providing that a job worker would need registration under GST Act/ Rules to enable the EOUs to export of GST goods directly from its premises. ii. Replacing the reference to Notification No. 62/2004-Customs, dated 12.05.2004 with presently valid Notification No. 50/2017- Customs, dated 30.06.2017 for payment of duty by Gem Jewellery EOUs on the gold or silver co ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on has been amended to list specific goods manufactured and exported by EOUs that can be re- imported within seven years. These goods are required to be re-exported within one year of the date of re-importation. Notification No. 22/2003-Central Excise, dated 31.03.2003 amended by Notification No. 2312018-Central Excise, dated 05.12.2018 3. The Notification No. 22/2003-Central Excise dated 31.03.2003 provides for exemption from various duties of Excise on the goods listed therein when procured indigenously by the EOUs for specified purposes. This notification has been amended to provide for:- (a) Deletion of reference to the Additional Duties of Excise (Goods of Special Importance) Act, 1957 (58 of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ifications/FTP etc., as follows:- i. Replacement of the reference to old Rule 20 of the Central Excise Rules, 2002 with the present Rule 16 of the Central Excise Rules, 2017. ii. Replacement of the reference to outdated Notification No. 106/58- Customs, dated 29.03.1958 with presently applicable Notification No. 36/2017-Customs, dated 30.06.2017. iii. Replacement of the references to old FTP, 2004-2009 with the new FTP, 2915- 2020 and its Appendix. Notification no. 23/2003-Central Excise. dated 31.03.2003 amended by Notification No. 23/2018--Central Excise, dated 05.12.2018 4. The Notification No. 23/2003-Central Excise, dated 31.03.2003 prescribes effective duties levi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... been furnishing a Mother Bond in form B-17 (General Surety/Security) for Customs duty free import, Excise duty free domestic procurement, provisional assessment, export without payment of duty, movement of goods for job work and return, temporary clearances, proper accountal of goods, etc. This bond was notified vide Notification No. 6/98- Central Excise (N.T.), dated 02.03.1998 under the erstwhile Central Excise Rules, 1944. A revised B-17 (General Surety/Security) bond updated with references to GSTIN, present FTP provisions and Notification No. 52/2003- Customs dated 31.03.2003 etc., has been notified under the present Rules 7, 9, 21 and 22 of the Central Excise Rules, 2017. This new bond will be applicable to the new EOUs. The existin ..... X X X X Extracts X X X X X X X X Extracts X X X X
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