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TMI BlogScope and coverage of goods imported under Target Plus Scheme clarificationX X X X Extracts X X X X X X X X Extracts X X X X ..... goods imported under Target Plus Scheme clarification reg. Attention of importers, exporters, CHAs and trade in general is drawn to Circular No. 21/2007 Cus, dt. 08.05.2007 issued by the Ministry / CBEC on the subject mentioned above. 1. The Target Plus Scheme (TPS) for the Star Export Houses was introduced in the Foreign Trade Policy (FTP) which came into force on 01.09.2004. Under the scheme t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... trade that some exporters had obtained duty credit certificates against exports of rice and using these certificates they have imported almonds which, after removal of the shells, have been sold in the market without payment of duty. As dry fruits / almonds cannot be used in the processing / manufacture of rice, it is alleged that the condition of broad nexus stipulated in the Handbook is not ful ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... uts and use and any interpretation so as to dissociate the import from the inputs and use in the export goods would make it ultra vires the FTP. The MOL has further stated that the words inputs and use can not be brushed aside and have to be in focus for the intended import. Together these words indicate that the item sought to be imported should be an input in the manufacture of the exported item ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... and item under the TPS and get the same processed into possible resultant products only if the same has a broad nexus with the product group as an input in the export product and is required to be used as an input in the product exported for which TPS benefit is sought. The Ministry of Law has also clarified that the term broad nexus with the product group is in addition to and not in substitutio ..... X X X X Extracts X X X X X X X X Extracts X X X X
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