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Foreign Trade Procedures 2008-2009 - Directorate General of ...

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Duty Free Import 2.55 Duty free import <strong>of</strong> goods (as specified in list 28 <strong>of</strong> Customs<strong>of</strong> R&D Equipmentnotification No.21/2002 dated 1.3.2002, as amended from timefor Pharmaceuticalsto time) upto 25% <strong>of</strong> FOB value <strong>of</strong> exports during precedingand Bio-technologylicensing year, shall be allowed.SectorThe eligible unit may furnish an application given in Appendix-15A to RA concerned duly countersigned by CharteredAccountant.In respect <strong>of</strong> duty free import <strong>of</strong> R&D equipment, units notregistered with Central excise shall be allowed to give InstallationCertificate issued by an independent Chartered Engineer.2.55.1 Duty free imports <strong>of</strong> goods as specified in list 28A <strong>of</strong> Customsnotification No. 21/2002 dated 1.3.2002, upto 1% <strong>of</strong> FOB value<strong>of</strong> exports made during preceding licensing year, shall be allowedto agro chemicals sector unit having export turnover <strong>of</strong> Rs. 20crore or above during preceding licensing year.The eligible unit shall apply in form given in Appendix-15B to RAconcerned duly countersigned by Chartered Accountant.In respect <strong>of</strong> duty free import <strong>of</strong> R&D equipment, units notregistered with Central excise shall be allowed to give InstallationCertificate issued by an independent Chartered Engineer.Conversion <strong>of</strong> 2.56 If Customs Authorities, after recording reasons in writing, permitE.P. copy <strong>of</strong> shippingconversion <strong>of</strong> an E.P. copy <strong>of</strong> any scheme-shipping bill on whichbill from onebenefit <strong>of</strong> that scheme has not been availed, exporter would beScheme To Anotherentitled to benefit under scheme in which shipment is subsequentlyconverted.Relocation <strong>of</strong> Industries 2.57 Deleted.Offsetting <strong>of</strong> Export 2.58 Subject to specific approval <strong>of</strong> RBI, any payables, or equityProceedsinvestment made by an Autorisation holder under any exportpromotion scheme, can be used to <strong>of</strong>fset receipts <strong>of</strong> his exportproceeds. In such cases, <strong>of</strong>fsetting would be equal to realisation<strong>of</strong> export proceeds and exporter would have to submit followingadditional documents:a) Appendix-22D in lieu <strong>of</strong> Bank Realisation Certificate.b) Specific permission <strong>of</strong> RBI.Quality Certification 2.59 It has been a constant endeavor to promote quality standards inexport product / units manufacturing export product.37

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