The merits of these representations are under study and shortly the revised appendices shall be notified. Accordingly all RLAs are advised not to accept any application for grant of DFCE under EXIM Policy (2003-04) and Target Plus Scheme under Foreign Trade Policy (2004-05) benefits till fresh notifications as mentioned above are issued. Applications already received, if any, may be kept in abeyance
A supplementary application is submitted late, but within six months of the last prescribed date, a 20% cut shall be applied on the entitlement which shall include 10% cut as per Para 9.3 and another 10% as per Para 9.4 of the Handbook of Procedures Vol.I. Supplementary claims filed outside the purview of Para 9.3 of Handbook of Procedures (i.e. after six months of the last prescribed date) shall not be entertained.
I am directed to invite your attention to the above mentioned subject and to say that references have been received from the various quarters, requesting for grant of DEPB benefits in respect of supply of goods from the units in DTA to units in SEZ during the period from 01.04.2003 to 11.5.2004.
.The undersigned has been authorized to direct the exchanges to bring the provisions of this circular to the notice of the member brokers and also to disseminate the same on the website.
Attention is invited to Para 2.46 of the Foreign Trade Policy regarding regularization of EO default and settlement of customs duty and interest through the Settlement Commission in the Central Board of Excise & Customs. It has been decided that the decisions of the Settlement Commission, in so far as customs duty and interest thereon are concerned, may be complied with by the Licensing Authority in cases of EO default under intimation to the Adjudicating Authority for regularization purposes.
It has been brought to our notice that a large number of companies are still not in a state of preparedness to be fully compliant with the requirements as contained in the aforesaid circular. As it is our wont that all listed companies and companies.
The concerned stock exchanges are requested to put adequate systems in place to ensure compliance with the amendments at sr.no.2.5 above. The same may be done at the earliest and in any case not later than 90 days from the date of issuance of this circular.
It has been brought to the notice of Board that even though, the exporters have been exempted from declaration in GR/SDF/PP/Softex forms for export value upto US $ 25,000 as per RBI’s A.P.(DIR Series) Circular No.61 dated January 31, 2004, it is reported that some Custom offices still insist on submission for declaration.
Attention is invited to Para 3.2 of Handbook of Procedures Vol.I 2004-09, wherein the last date for filing of application for grant of Star Status Certificate has been prescribed as 1st of March. A number of representations have been received in Hqrs as well as by Regional Licensing Authorities requesting for extending the last date for submission of such applications for obtaining the Status Certificate for the period 2004-05.
I am directed to refer to Circular No. 784/17/2004-CX dated 30.04.2004 on the above subject which directed the field formations to keep show cause notices pertaining to above issue pending until the department’s SLP was finally decided by the Hon’ble Supreme Court
