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

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However, in case of submission of reconstructed copy ofshipping bill in lieu of original shipping bill, conditions atb), c) and d) above shall not be applicable.Duty Free ReplenishmentCertificate(DFRC)4.31 to 4.36A Deleted.DUTY ENTITLEMENT PASSBOOK (DEPB) SCHEMEDuty Entitlement 4.37 Policy relating to Duty Entitlement Passbook (DEPB) Scheme isPassbook (DEPB)given in Chapter-4 of FTP. Duty credit under the scheme shall beSchemecalculated by taking into account deemed import content of saidexport product as per SION. Value addition achieved by exportof such product shall also be taken into account while determiningthe rate of duty credit under the scheme.Fixation of DEPB Rate 4.38 ANF 4C prescribes form regarding fixation of DEPB rates. Allapplications for fixation of DEPB rates shall be routed throughconcerned EPCs which shall verify the FOB value of exports aswell as international price of inputs covered under SION.Provisional DEPB Rate 4.38A To encourage diversification and to promote export of newproducts, DEPB Committee would be empowered to notifyprovisional DEPB rates. However, such DEPB rates would bevalid for a limited period of time during which exporter wouldfurnish data on export and import for regular fixation of rates.Exports in anticipation 4.39 No exports shall be allowed under DEPB scheme unless DEPBof DEPB Raterate of concerned export product is notified.Port of Registration 4.40 Exports / imports made from specified Sea Ports, Airports, ICD& LCSs given in paragraph 4.19 above and made to any SpecialEconomic Zone (SEZ), notified by Central Government, areentitled to DEPB.4.40.1 DEPB shall be issued with single port of registration, which willbe port from where exports have been effected.Maintenance of Record 4.40.2 Each Custom House at ports shall maintain a separate record ofdetails of exports made under DEPB.Credit under DEPB and 4.41 In respect of products where rate of credit entitlement under DEPBPresent Market ValueScheme comes to 10% or more, amount of credit against eachsuch export product shall not exceed 50% of Present MarketValue (PMV) of export product. During export, exporter shalldeclare on shipping bill that benefit under DEPB Scheme wouldnot exceed 50% of PMV of export product. However PMVdeclaration shall not be applicable for products for which valuecap exists irrespective of DEPB rate of product.72
Utilisation of DEPB credit 4.42 Credit under DEPB shall be utilised for payment of customs dutyon any item including capital goods, which is freely importable.DEPB Scrips can also be utilized for payment of duty againstimports under EPCG Scheme w.e.f 1.1.2009.Application for DEPB 4.43 An application for grant of credit under DEPB may be made toRA concerned in ANF 4G alongwith prescribed documents.Agency commission shall be allowed for DEPB entitlement upto12.5% of FOB value only. FOB value in free foreign exchangeshall be converted into Indian rupees as per exchange rate forexports, notified by Ministry of Finance, as applicable on the dateof order of “Let Export” by Customs.4.43A In respect of consignment exports wherein exporter has declaredFOB value on a provisional basis, exporter shall be eligible forfinal assessment of such shipping bill based on actual FOB realisedupon sale of such goods in freely convertible currency.4.43B An application for grant of credit for supplies from DTA to SEZcan be made by DTA unit or SEZ unit. DTA unit may claim benefitseither from RA or Development Commissioner concerned. In caseclaim have been filed with RA, RA while allowing benefits to theDTA unit will simultaneously endorse a copy of communication toconcerned Development Commissioner alongwith details of exportdocuments . In case DTA supplier prefers claim with DevelopmentCommissioner, the Development Commissioner will verify DeniedEntity List (DEL) status of supplier from DGFT website beforeallowing DEPB benefits. SEZ unit will file application withDevelopment Commissioner concerned in ANF 4G along withprescribed documents.4.44 DEPB shall be issued with transferable endorsement after paymentconfirmation. In other cases, DEPB shall be initially issued withnon-transferable endorsement and upon realization, can beendorsed as transferable.Monitoring 4.45 RA shall monitor earlier cases where DEPB has been grantedof Realisationprior to realisation of export proceeds so as to ensure thatrealisation takes place within prescribed time. Failing this, RA shallinitiate action for recovery of an amount equivalent to DEPB creditwith interest as notified. Recovered amount in such cases shall bedeposited in head of account of Customs as stated in paragraph4.29 above.4.45.1 If export proceeds are not realised within the stipulated timeperiod, DEPB holder shall pay in cash an amount equivalent toduty free credit utilised on imports, against such exports with interestas notified, from date of import till date of deposit. If amountrealised in foreign exchange is less, then payable amount wouldbe reduced proportionately.73
Page 1:
Handbook of Procedures (Vol. I)1 st
Page 5:
CONTENTSCHAPTER SUBJECT Page1 INTRO
Page 8 and 9:
EDIElectronic Data InterchangeEEFCE
Page 11:
CHAPTER-1INTRODUCTIONNotification 1
Page 14 and 15:
(iv)Persons importing / exporting g
Page 16 and 17:
Duplicate Copy of 2.9.3 Where an IE
Page 18 and 19:
2.12.2 Validity of an import Author
Page 20 and 21:
subject to condition that they obta
Page 22 and 23: countries on a limited number of pr
Page 24 and 25: Payment through 2.25.1 Payment thro
Page 26 and 27: 2.32.2 Import of following types of
Page 28 and 29: 2.32.4 Import policy for seconds an
Page 30 and 31: 2.35.3 Import entitlement under par
Page 32 and 33: concerned. Following information al
Page 34 and 35: user, and on potential of item or t
Page 36 and 37: Note 6: ‘Technology’ (see also
Page 38 and 39: 2.59.1 One of salient features inco
Page 40 and 41: Since import of maize (corn) is thr
Page 42 and 43: Appendix-19B. In case an exporter d
Page 45 and 46: CHAPTER-3PROMOTIONAL MEASURESStatus
Page 47 and 48: (g)Service provider shall within on
Page 49 and 50: of exports shall be determined in t
Page 51 and 52: 3.21.2 Deleted.Eligibility of Focus
Page 53: Further for products, markets notif
Page 56 and 57: 4.4.5 Deletedto Drug Controller, Ni
Page 58 and 59: unutilised inputs as per norms fixe
Page 60 and 61: Description of an 4.11 An Advance A
Page 62 and 63: 4.15.2 Authorisation shall be inval
Page 64 and 65: LCSSEZRanaghat , Singhabad , Raxaul
Page 66 and 67: Export Obligation 4.22 Fulfillment
Page 68 and 69: (iii)(iv)Within eligible entitlemen
Page 70 and 71: to deposit an amount equal to 1% of
Page 74 and 75: Time Period 4.46 Application for ob
Page 76 and 77: c) An affidavit by exporter about l
Page 78 and 79: Monitoring of 4.67 Provision of par
Page 80 and 81: Value Addition 4A.2.1 Under scheme
Page 82 and 83: (c)Foreign Exchange Encashment Cert
Page 84 and 85: 4A.15.24A.15.3Goods shall be cleare
Page 86 and 87: 60 days of close of exhibition. How
Page 88 and 89: ate that he may have booked with bu
Page 90 and 91: Replenishment 4A.28 A Replenishment
Page 93 and 94: CHAPTER-5EXPORT PROMOTION CAPITAL G
Page 95 and 96: 5.7.1 EPCG authorisation holder sha
Page 97 and 98: 5.8.5 Deleted5.8.6 Deleted.Authoris
Page 99 and 100: Redemption 5.13 As evidence of fulf
Page 101 and 102: (c)For all EPCG authorizations, aut
Page 103 and 104: CHAPTER-6EXPORT ORIENTED UNITS (EOU
Page 105 and 106: 6.5.3 Exporter shall have flexibili
Page 107 and 108: (d)(e)Goods already imported / ship
Page 109 and 110: in Annexure to Appendix 14-I-F to D
Page 111 and 112: (including commercial training), su
Page 113 and 114: (b)(c)(d)In case of re-import, such
Page 115 and 116: Samples 6.29.1 EOU / EHTP / STP / B
Page 117 and 118: (1) Conversion of sick / closed DTA
Page 119 and 120: Depreciation norms 6.36.3 For capit
Page 121 and 122: S. No Category of Application Time
Page 123 and 124:
CHAPTER - 7SPECIAL ECONOMIC ZONESPo
Page 125 and 126:
CHAPTER - 8DEEMED EXPORTSPolicy 8.1
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Procedure for claiming 8.4 In respe
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CHAPTER - 9MISCELLANEOUS MATTERSCha
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application is complete and admitte
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(iii) From land-locked Date of disp
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APPENDICESAPPENDICES ARE AN INTEGRA
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