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

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ate that he may have booked with buyer. Nominated agenciesshall purchase precious metal on behalf of exporter at the rate sofixed and thereafter issue a purchase certificate bearing a serialnumber to exporter indicating quantity of gold / silver / platinumand CIF value, in dollars including the Rupee equivalent. Priceshall be actual price at which gold / silver / platinum is purchasedby nominated agencies, plus permitted service charges levied bynominated agencies shall be included with the price of gold /silver / platinum for value addition. Duplicate and triplicatecopies of exporter’s application, together with copies of purchasecertificate for exporter shall be sent by nominated agencies toconcerned Custom House, as well as to the negotiating bank,who will confirm realization at which gold has been purchased.Exporter exporting under notional rate will get replenishment onlyafter proceeds are realised.4A.21.3Exports shall be effected within a period of 120 days from date ofbooking and drawal of precious metal shall be completed within aperiod of 150 days from date of booking, or within 30 days fromdate of export, whichever is later.Outright Purchase 4A.22 Exporter may obtain required quantity of precious metal in advanceBasis in Advanceon outright purchase basis subject to furnishing of BG / LUT tonominated agencies, for an amount as may be prescribed bynominated agency. On failure to effect exports within periodprescribed, the nominated agencies shall enforce BG / LUT, asthe case may be.4A.22.1Exports shall be effected within a maximum period of 90 daysfrom date of outright purchase of precious metal.Loan Basis 4A.23 Exporter may obtain required quantity of precious metal on loanbasis subject to furnishing of BG / LUT, for customs duty tonominated agencies, for an amount as may be prescribed bynominated agencies. On failure to effect exports within periodprescribed, the nominated agencies shall enforce the BG / LUT.4A.23.14A.23.24A.23.3Exporter has to pay interest on gold taken on loan basis at therate as may be specified.Export has to be completed within a maximum period of 90 daysfrom date of release of gold on loan basis. No extension forfulfillment of EO shall be allowed.Exporter shall be permitted to export jewellery on the basis of anotional rate certificate to be issued by nominated agency / GJEPC.This rate will be based on prevailing Gold/USD rate and the USD/INR rate in notional rate certificate. Certificate issued by nominated88
agency / GJEPC should not be older than 7 working days of dateof shipment.Value addition will have to be achieved on rate as may be gotfixed with buyer and Nominated Agency.Exporter shall have flexibility to fix the price and repay Gold Loanwithin 180 days from date of export. This price shall becommunicated to nominated agencies who will issue a certificateshowing final confirmation of the rate to the bank negotiatingdocuments, to ensure export proceeds are realized at this rate.4A.24 Nominated agencies may accept payment in dollars towards costof import of precious metal from EEFC account of exporter.Exports against 4A.25 Procedure applicable to Advance Authorisations under ChapterAdvance Authorisation4 of HBP v1 shall generally apply to this scheme except norms forvalue addition, EO period and regularization of default.4A.25.14A.25.2EO will be required to be fulfilled within 120 days from date ofimport of each consignment against Authorisation. However EOperiod shall be 180 days from date of import of findings, mountingsmade of gold, platinum and silver and export of jewellery. Nofurther extension in EO period will be allowed. AdvanceAuthorisation holder may also import gold as replenishment aftercompletion of exports.Advance Authorisation holder may obtain gold / silver / platinumfrom nominated agencies in lieu of direct imports. In such a case,nominated agency shall make, both exchange control copy andcustoms purpose copy of Authorisation invalid for direct imports.Diamond Imprest 4A.26 Deleted.AuthorisationApplication 4A.26.1 Deleted.Export Obligation 4A.26.2 Deleted.Regularistion of 4A.27 Cases of bonafide default in fulfillment of EO by an exporter whoBonafide Defaulthas obtained precious metals from nominated agencies may beregularised provided exporter has paid customs duty alongwithinterest thereon as notified to Customs. However, in case ofAdvance Authorisation, the provisions as given in paragraph 4.28above shall apply. This shall be without prejudice to any actionthat may be taken against exporter under FT(D&R) Act, Orderor Rules issued thereunder’.89
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Handbook of Procedures (Vol. I)1 st
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CONTENTSCHAPTER SUBJECT Page1 INTRO
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EDIElectronic Data InterchangeEEFCE
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CHAPTER-1INTRODUCTIONNotification 1
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(iv)Persons importing / exporting g
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Duplicate Copy of 2.9.3 Where an IE
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2.12.2 Validity of an import Author
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subject to condition that they obta
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countries on a limited number of pr
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Payment through 2.25.1 Payment thro
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2.32.2 Import of following types of
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2.32.4 Import policy for seconds an
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2.35.3 Import entitlement under par
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concerned. Following information al
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user, and on potential of item or t
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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 72 and 73: However, in case of submission of r
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 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
Page 127 and 128: Procedure for claiming 8.4 In respe
Page 129 and 130: CHAPTER - 9MISCELLANEOUS MATTERSCha
Page 131 and 132: application is complete and admitte
Page 133 and 134: (iii) From land-locked Date of disp
Page 135 and 136: APPENDICESAPPENDICES ARE AN INTEGRA
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