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

(g)Service provider shall within one month of completion ofimports made or expiry of validity of Duty Credit scripwhichever is earlier, submit a statement of imports madeunder it to jurisdictional RA with a copy to jurisdictionalExcise authorities (service tax cell) wherever applicable.(h) & (i) DeletedIneligible Remittances 3.18.1 Foreign exchange remittances other than those that are earnedand Servicesfor rendering of services would not be counted for entitlement.Thus,other sources of foreign exchange earnings such as equity or debtparticipation, donations, receipts of repayment of loans etc. andany other inflow of foreign exchange, unrelated to rendering ofservice, would be ineligible.For calculation of entitlement, followingshall not be taken into account.(a)Foreign Exchange remittances:I. related to Financial Services Sector1. Raising of all types of foreign currency Loans;2. Export proceeds realization of clients;3. Issuance of Foreign Equity through ADRs /GDRs or other similar instruments;4. Issuance of foreign currency Bonds;5. Sale of securities and other financial instruments;6. Other receivables not connected with servicesrendered by financial institutions; andII.earned through contract/regular employment abroad(e.g. labour remittances);(b)(c)(d)Payments for services received from EEFC Account;Foreign exchange turnover by Healthcare Institutions likeequity participation, donations etc. (However, remittancesreceived on account of medical treatment, surgery, testing,consultancy and health care provided by the institution shallbe eligible.);Foreign exchange turnover by Educational Institutions likeequity participation, donations etc. (However remittancesreceived on account of the course fees and consultancyprovided by the institution shall be eligible.);47