free import

Revised norms for execution of Bank Guarantee under specified Export Promotion Schemes

I am directed to invite your attention to Circular No.17/2009-Cus. dated 25.05.2009 (herein after referred to as ‘the said circular’) vide which revised norms for execution of Bond / Bank Guarantee (BG) in respect of imports made under the Advance Authorization / Export Promotion Capital Goods/Duty Free Import Authorization Schemes were notified and to say that, representations have been received to clarify, whether the status holders other than ‘Star Export Houseâ..
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Government proposed excise waiver and income-tax holiday benefit to power projects based on supercritical technology

The government has proposed to extend the excise waiver and income-tax holiday benefit to power projects based on supercritical technology, including large-sized energy-efficient power equipment. The proposal is part of the new mega power policy being worked out. The existing policy has no provision for giving incentives to the new-generation supercritical power projects.
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New Circular on Duty Free Import Authorization (DFIA) Scheme

Circular No. 11/2009-Cus. F.NO.605/109/2006-DBK Government of India Ministry of Finance Department of Revenue New Delhi, the 25th February, 2009. Subject : Duty Free Import Authorization (DFIA) Scheme – availment of facility under rule 18 (rebate of duty paid on materials used in the manufacture of resultant product) or sub-rule (2) of rule 19 of the [...]
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