Public Notice No. 41/2009-2014 (RE- 2012), The 28th December, 2012
In exercise of the powers conferred under Paragraph 2.4 of the Foreign Trade Policy, 2009-14, the Director General of Foreign Trade hereby adds a new paragraph i.e. Para 3.8.3 in the Handbook of Procedures Vol. I (RE 2012)/ 2009-14 with immediate effect:Online GST Certification Course by TaxGuru & MSME- Click here to Join
“3.8.3.Procedure for Incremental Exports Incentivisation Scheme.
(a) The policy pertaining to Incremental Export Incentive Scheme is given in para 3.14.4 of FTP.28/12/202
(b) An application for grant of benefit under this scheme shall be filed in ANF 3F (this ANF 3F will be notified subsequently) to RA concerned. For the purpose of the scheme, export performance shall not be allowed to be transferred from any other IEC holder. Since the benefit is admissible on realisation basis, applications can be filed after 1st April 2013. Last date for filing application will be as per para 3.11.9 of HBP v1 and late cut provisions of para 9.3 of HBP v1 2009-14 will be applicable.
(c) Incremental growth should be in terms of freely convertible currency to the designated markets.
(d) For proof of landing in designated markets, provisions of para 3.8.2 of HBP v1 shall be applicable.