TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY
(PART I , SECTION 1)
GOVERNMENT OF INDIA
MINISTRY OF COMMERCE & INDUSTRY
DIRECTORATE GENERAL OF FOREIGN TRADE
PUBLIC NOTICE No. 102 (RE-2007) 2004-09
NEW DELHI: 16th January’ 2008
In exercise of powers conferred under paragraph 2.4 of the Foreign Trade Policy 2004-09, the Director General of Foreign Trade hereby makes the following amendments in the Handbook of Procedures (Vol.I),(RE –2007):
1 Paragraph 8.3.1(ii) and 8.3.1(iv) shall be substituted by the following:
“8.3.1(ii) In case of supplies under paragraph 8.2(a), (b) & (c) of FTP, claim shall be filed against receipt of payment through normal banking channel as in Appendix 22B. Claims should be filed within a period of twelve months from the date of payment. In cases where payment is received in advance, last date for submission of application may be correlated with date of supply instead of date of receipt of payment. Claim can be filed ‘Invalidation Letter/ARO wise against individual licences within the time limit as specified above. 100% TED refund may be allowed after 100% supplies have been made physically and payment received at least up to 90%. However, grant of deemed export duty draw back will be limited to the extent of payment received.
8.3.1(iv) In respect of supplies under categories mentioned in paragraphs 8.2(d), (e), (f), (g), (h), (i) & (j) of FTP, claim may be filed either on the basis of proof of supplies effected or payment received. Claims should be filed within a period of twelve months from date of receipt of supplies by project authority or from date of receipt of the payment as per the option of applicant either against a particular project or all the projects.. Claims may also be filed where part payments have been received. 100% TED refund may be allowed after 100% supplies have been made physically and payment received at least up to 90%. However, grant of deemed export duty draw back will be limited to the extent of payment received”
This issues in public interest
Sd/-
(R.S.Gujral)
Director General Foreign Trade and
Ex-Officio Additional Secretary to the GOI.
(Issued from F. No. 01/92/180/04/AM08/PC.II)
