Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

Implementation of Risk Management System (RMS) for remaining Export Promotion Schemes

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Risk Management System (RMS) for remaining Export Promotion Schemes - reg. You are all aware that Risk Management System (RMS) has been implemented in the clearance of cargo covered under the import declarations (Bills of Entry) filed in Appraising Groups 1 to 6 and DEPB. This Office has issued two Public Notices viz., 68/2006 dated 26.05.2006 and 70/2007 dated 16.05.07, vide which elaborate in .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... me (ix) Vishesh Krishi Upag Yojana (VKUY) Scheme (x) Focus Market Scheme (xi) Focus Product Scheme (xii) Served from India Scheme (xiii) Jobbing-goods imported for execution of export order- Scheme 2. The instructions given to the trade have been clearly laid down in the Public Notice dated 26.05.2006 and 16.05.07. The present proposal to implement RMS in the EP schemes brings forth .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... on(s) attached with respective Appraising Groups and seek a registration number, which has to be quoted in the Licence column at the time of filing the Bill of Entry. As regards the Procurement Certificates (under 100% EOU) and Export Orders (under notification no. 32/97 dated 1/4/1997), the sections associated with the Appraising Groups have been directed to maintain a register and record the det .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ntry filed by the CHA [Importer in the EDI System and after verifying the same, the Procurement Certificate is debited [defaced by the Assessing Officer (Group). The CHA/ Importer then presents the debited/ defaced PC to the Bond Supdt. where the bonding procedure is followed and thereafter the CHA/ Importer goes to the shed for out of charge, where the goods are then sealed by the Preventive Offi .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... , the Bills of Entry will continue to be filed electronically in the ICES either through the Service centre or through the ICEGATE mode. The officers discharging the role of OOC officer will collect all the documents as mentioned in the Public Notice No. 68/2006 dated 26.05.2006 including those documents on the basis of which the exemption benefit is being claimed/ extended. 7. In case any probl .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates