The Principal notification was published in the Gazette of India, Extraordinary, vide Notification No.36/2001 – Customs (N.T.), dated, the 3rd August, 2001 (S.O.748 (E), dated, the 3rd August, 2001) and was last amended vide Notification No. 97/2007-Customs (N.T.), dated, the 17th September,2007 (S.O.1557(E) dated 17th September,2007).
The aforesaid opinion of the Ministry of Law has been accepted by the Ministry. Accordingly, it is clarified that exemption from special additional duty may be allowed for the goods imported under the DEPB Scheme against licences issued in pursuance of Supreme Court judgement in Civil Appeal No.5196 of 2005 [arising out of SLP (Civil) No.15844 of 2004] in respect of exports of tobacco made from ICD, Guntur during the period from 7.4.1997 to 26.11.1997 and that this duty is not required to be debited from the DEPB licence / scrip.
In this regard it is clarified that duty free import of fuel against SION shall be allowed as per the description and quantity indicated in the relevant SION. The FOB value restriction mentioned in General Note for Fuel in HBP, VOL.II will not apply in the case of import of fuel allowed under SION, unless specifically mentioned in the SION
This Public Notice corrects the Appendix 37D entries for FTP (RE2006) and FTP (RE2007). Thus Focus Product Scheme benefits shall be available for exports on above products from 1.4.2006 onwards including exports during current year.
Trade and Industry have represented that exports to Rupee Payment Area (RPA) countries are entitled for Advance authorisation scheme in terms of paragraph 4.1.6 of FTP. Since reference to this paragraph has not been specifically mentioned in the said paragraph, a doubt has been raised by Trade and Industry as to whether DFIA scheme benefit is available to exports made to RPA countries.
It is clarified that since ACU$ is equivalent to freely convertible currency as per RBI guidelines, benefits of Export Promotion schemes including the Incentive Schemes, being administered by DGFT, shall be available to the exporters for realisation in ACU$.
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 amendment in Handbook of Procedures.
Application for obtaining credit shall be filed within a period of twelve months from the date of exports or the date of up linking of EDI shipping bill details in the DGFT website or within six months from the date of realisation or within three months from the date of printing / release of shipping bill, whichever is later, in respect of shipments for which claim has been filed.
Renowned Shooters for 3 consecutive years are allowed to sell their imported weapons after 3 years from date of import of the respective weapon. Other “Renowned Shooters” are allowed to sell their weapons after 5 years from date of import. The sale shall be subject to approval from DGFT.
Where export obligation of any particular block of years is not fulfilled in terms of the above proportions, except in such cases where the export obligation prescribed for a particular block of year is extended by the competent authority, such Authorisation holder shall, within 3 months from the expiry of the block of years, pay duties of customs (alongwith applicable interest as notified by DoR) of an amount equal to that proportion of the duty leviable on the goods which bears the same proportion as the unfulfilled portion of the export obligation bears to the total export obligation.
