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

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export obligation is paid by authorization holder to Customauthorities before an endorsement of extension is made on EPCGauthorization by RA concerned. In such cases, no compositionfee is to be paid or additional EO is to be imposed as prescribedin the Para above. In case the firm is still not able to complete theexport obligation, duty already deposited will be deducted fromtotal duty plus interest to be paid for EO default.Extension in export obligation period shall also be subject to suchterms and conditions as may be prescribed by competent authority.5.11.1 The firm / company, which is applying for registration with BIFR/Rehabilitation Department of State Government, shall also intimateDGFT with regard to relief sought for EPCG authorization, if any,within 30 days of receipt of application by agency concerned.DGFT, thereafter shall take up the matter with agency concernedto safeguard government interest on account of default in fulfillmentof export obligation imposed on EPCG authorization obtained bysuch firm/companies.DGFT may consider such application for grant of period ofextension upto 12 years, or as per rehabilitation package preparedby operating agency and approved by BIFR board / state authority.5.11.2 Waiver of EO may be considered where, because of force majeureor other unforeseen circumstances / reasons which are beyondthe control of the exporters (like steep fall in international prices,technological obsolescence etc.), and the exporter is unable tofulfill export obligation. Such requests shall be considered by acommittee comprising representative(s) of DoC and DoR underDGFT. Decision of this committee shall be notified by DoR forimplementation.5.11.3 To provide relief to exporters of those sectors where total exportsin that sector / product group has declined by more than 5%,average export obligation for 2007-08 may be reducedproportionate to reduction in exports of that particular sector /product groups during 2007-08 as against 2006-07.The sectors / product groups for which this relaxation is to beallowed shall be conveyed by the DGFT to all the RAs withinthree months of the end of the previous financial year, and theRAs shall re-fix the EO for previous year accordingly, for exportersin that sector / product group.Export Obligation Shortfall 5.12RA concerned may condone shortfall upto 5% in export obligationarising out of duty saved amount.98
Redemption 5.13 As evidence of fulfillment of export obligation, authorization holdershall furnish application in ANF 5B with documents prescribedtherein.(a) to (c).Deleted.On being satisfied, RA concerned shall issue a certificate ofdischarge of export obligation to the EPCG authorization holderand send a copy to customs authorities with whom BG/LUT hasbeen executed.RA shall ensure disposal of such applications within 30 days.Shortcomings, if any, shall be pointed out in one go. Allcorrespondence, thereafter, shall relate to these deficiencies only.Fresh correspondence, if necessary, shall be within 15 days. Oncedocuments are complete EO will be discharged within 30 days ofreceipt of complete documents/information.Process of issue of final discharge certificate/rejection shall becompleted within a period of 90 days from date of receipt ofinitial request. Applications that remain outstanding beyond aperiod of 90 days shall be reported to DGFT alongwith reasonsthereof, immediately thereafter.Regularisation of 5.14 In case, EPCG authorization holder fails to fulfill prescribed exportBonafide Defaultobligation, he shall pay duties of Customs plus interest asprescribed by Customs authority. Such facilities can be availedby EPCG authorisation holder to exit at his option.Maintenance of Records 5.15 Every EPCG authorization holder shall maintain, for a period of 3years from date of redemption, a true and proper account ofexports/supplies made and services rendered towards fulfillmentof export obligation.Re-Export of Capital 5.16 Capital Goods imported under EPCG scheme, which are foundGoods Importeddefective or unfit for use, may be re-exported back to foreignUnder EPCG Schemesupplier within three years from the date of payment of duty onimportation thereof, with permission of RA / Customs Authority.Consequently, EO would be refixed.Replacement of 5.16.1 Capital Goods imported and found defective or otherwise unfitCapital Goodsfor use may be exported, and Capital Goods in replacementthereof be imported under EPCG scheme. In such cases, whileallowing export, the Customs shall credit the duty benefit availedwhich can be debited again at the time of import of such replacedCapital Goods.99
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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
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2.59.1 One of salient features inco
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Since import of maize (corn) is thr
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Appendix-19B. In case an exporter d
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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 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: 5.8.5 Deleted5.8.6 Deleted.Authoris
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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