Home Highlights July 2012 Year 2012 This

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1. Notification regarding exemption of duties of Central Excise against scrips issued under the RoSCTL scheme and additional ad-hoc incentive for apparel and made-ups sector.

2. Notification regarding exemption of duties of Customs against scrips issued under the 2% Additional ad hoc incentive for mobile phones.

3. Regarding exemption under Status Holder Incentive Scrip (SHIS) scheme. - Notification

4. Regarding Exemption Focus Product Scheme Duty Credit Scrip - Notification

5. Clearance of goods under Status Holder Incentive Scheme – titanium sheets are capital goods covered under capital goods definition and same is eligible under SHIS scrip...

6. Export promotion schemes - forge/fake DEPB licences/scrips - There is no provision to transfer the benefit of any exemption either under the policy or any notification...

7. Taxability of sale of FPS - Focus Product Scheme (FPS) was first introduced with the objective to incentivize export of such products which have high export...

8. Extension of last date for submission of applications under certain Scrip based Schemes - Notification

9. Amendment in Sixth Schedule -- Regarding grant facilities for exemption/refund of VAT - Notification

10. Amendment in Sixth Schedule - Regarding grant facilities for exemption/refund of VAT - Notification