Sponsored
    Follow Us:
Sponsored

GOVERNMENT OF INDIA

MINISTRY OF COMMERCE & INDUSTRY

DEPARTMENT OF COMMERCE

DIRECTORATE GENERAL OF FOREIGN TRADE

Udyog Bhawan, New Delhi

Dated the 14th December, 2015

TRADE NOTICE No. 11/2015

TO

ALL IEC HOLDERS

ALL EPCs

ALL CHAMBERS OF TRADE AND INDUSTRY

FEDERATION OF INDIAN EXPORT ORGANISATIONS

ALL RA’s OF DGFT

Subject : Clarification on availability of benefit under Focus Product Scheme of Foreign Trade Policy 2009-14 on the export of items mentioned at SI No. 269 of Appendix 37-D, Table 1 of Foreign Trade Policy 2009-14   of kind used on bicycle (ITC HS 8481).

The product description appearing under ITCHS 8481 mentioned at Sl No. 269 of Appendix 37-D, Table-I of Foreign Trade Policy 2009-14 notified vide public notice no.52 dated 25.02.2014 is as under:

 

‘ITEMS OF A KIND USED ON BICYCLES: TAPS, COCKS, VALVES AND SIMILAR APPLIANCE FOR PIPES, BOILER SHELLS, TANKS, VATS OR THE LIKE,   INCLUDING   PRESSURE   REDUCING  VALVES AND THERMOSTATICALLY CONTROLLED VALVES’

2.  DGFT has received representations from exporters requesting for providing benefits under focus Product Scheme of Foreign Trade Policy 2009-14 on the export of industrial valves under item at Sl No. 269 of Appendix 37-D, Table-I of Foreign Trade Policy 2009-14 notified vide public notice no.52 dated 25.02.2014 or under any other any other SI. No. in the earlier public notices having same description and even to those items which are not used in bicycles.

3.  It is hereby clarified that intention from the beginning had been to grant incentive to bicycle parts only under this serial No. 269 under FPS and this intention has been clearly  indicated. Other items, which are not parts of bicycle, appearing in the above mentioned description are not eligible for FPS benefit under FTP 2009-14. The Focus Product scheme has sunset on 31.03.2015, therefore, there is no merit in requests for providing benefit to other products.

4. Cases where RA has issued any scrips against the export of parts other than those used in bicycle under ITCHS 8481 mentioned at Sl No. 269 of Appendix 37-D, Table-I of Foreign Trade Policy 2009-14 notified vide public notice no.52 dated 25.02.2014 or under any other Sl. No. in the earlier public notices having same description, are liable to be reviewed and corrective measures be taken to recover such claims granted by over sight.

(J.M. Gupta)

JOINT DIRECTOR GENERAL OF FOREIGN TRADE

e-mail :[email protected]

(Issued from F. No. 01/61/180/107/AM13/PC-3)

Sponsored

Join Taxguru’s Network for Latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.

One Comment

  1. JAIPRAKASH TULSHAN says:

    IF A COMPANY BY MISTAKE DOES NOT APPLY TO TAKE BENEFIT UNDER FOCUS FOR THE YEAR 2011-12, 2012-13 AND 2013-14. HOW CAN A COMPANY TAKE BENEFIT NOW UNDER FOCUS

Leave a Comment

Your email address will not be published. Required fields are marked *

Sponsored
Sponsored
Sponsored
Search Post by Date
August 2024
M T W T F S S
 1234
567891011
12131415161718
19202122232425
262728293031