Sponsored
    Follow Us:
Sponsored

Government of India
Ministry of Commerce & Industry
Department of Commerce
Directorate General of Foreign Trade
New Delhi

Public Notice No. 23/2015-2020-DGFT

Dated 5th August, 2019

Subject: Provision for claiming additional benefits under MEIS for HS Codes for which rates were enhanced with a retrospective effect.

In exercise of powers conferred under paragraph 1.03 and 2.04 of the Foreign Trade Policy 2015-2020, the Director General of Foreign Trade hereby makes the following amendments in Appendix 3B, Table 2 as notified vide Public Notice 02 dated 01.04.2015.

2. The para 9.03 is amended as below:

Existing Para 9.03 (as amended vide Public notice 16 dated 28.06.2018)  Amended Para 9.03
9.03 Supplementary Claims

Wherever any application for supplementary claim is received, within specified time limits, such application may also be considered after imposing a cut @2% on the entitlement. However, no supplementary claims for scrips under chapter 3 of the FTP 2015-20 would be admissible

9.03 Supplementary Claims

(i) Wherever any application for supplementary claim is received, within specified time limits, such application may also be considered after imposing a cut @2% on the entitlement.

(ii) Supplementary claims would be admissible under MEIS, only for certain HS Codes, for which rates under MEIS have been enhanced with a retrospective effect based on guidelines issued in this regard. In such cases, the supplementary cut @2% as in 9.03 (i) above shall not be applied.

(iii) Supplementary claim under chapter 3 of the FTP 2015-20 for any other reason would not be admissible.

Effect of Public Notice: A provision enabling issue of additional benefits under MEIS for HS Codes, for which enhanced rates under MEIS were notified with a retrospective effect, has been incorporated in the Handbook of Procedure, 2015-20.

(Alok Vardhan Chaturvedi)
Director General of Foreign Trade
E-mail: dgft@nic.in

(Issued from File No. 01/61/180/ 65/AM19/PC-3)

Sponsored

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

Leave a Comment

Your email address will not be published.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

Sponsored
Sponsored
Search Post by Date
July 2024
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
293031