TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY
GOVERNMENT OF INDIA
MINISTRY OF COMMERCE AND INDUSTRY
DEPARTMENT OF COMMERCE
DIRECTORATE GENERAL OF FOREIGN TRADEOnline GST Certification Course by TaxGuru & MSME- Click here to Join
PUBLIC NOTICE No. 101 (RE-2007)/2004-09
NEW DELHI Dated 14th January 2008
In exercise of powers conferred under Paragraph 2.4 of the Foreign Trade Policy 2004-2009, the Director General of Foreign Trade hereby makes the following amendments in Handbook of Procedures (Vol. I):
Attention is invited to Public Notice No 93(RE2007)//2004-09 dated 27.12.2007, which announced the procedure for implementing Para 3.8.6 benefits. After the end of Para 3.19.10, the following is added.
“The allocation of duty credit scrips by RA, CLA, New Delhi, under Para 3.8.6 of FTP (RE2007), shall be done proportionate to the eligible claims of individual applications, vis-à-vis the total eligible claims of all the status holders put together, received for each half year (Apr-Sep 2007 / Oct-Mar 2008) period, in such a way that the total benefits granted for all status holders put together does not exceed the limit prescribed for each half year in Para 3.8.6 of FTP (RE2007). Accordingly if the total eligible claim of all the status holders put together is, say, Rs 200 Cr, each applicant status holder would be granted one-fourth of the claim an applicant is eligible for.”
This issues in Public interest.
(R S GUJRAL)
Director General of Foreign Trade and
Ex-Officio Additional Secretary to the Government of India
(Issued from File No. 01/94/180/461/AM08/PC-I)