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TMI BlogDUTY EXEMPTION / REMISSION SCHEMEX X X X Extracts X X X X X X X X Extracts X X X X ..... 4B, along with prescribed documents, shall be furnished to concerned Norms Committee (NC) at DGFT Headquarter for fixation of Norms. In such cases, original copy of application along with prescribed fee shall be filed with RA concerned and a self attested copy of same shall be filed with NC. Authorisation in such cases shall be issued by RA as NC recommends. NC shall also function as a recommendatory authority for SION. DGFT may notify such norms. 4.4.3 Applications, where Acetic Anhydride, Ephedrine and Pseudoephedrine is required as an input for import, shall be filed with RA concerned. Copies of such applications shall also be simultaneously endorsed to the Drug Controller of India, Nirman Bhawan, New Delhi, Narcotics Commissioner, Central Bureau of Narcotics, Gwalior and respective Zonal Director of Narcotics Control Bureau, alongwith a declaration that applicant will maintain prescribed records and also submit prescribed returns. 4.4.4 RA, while issuing Advance Authorisation for import of Acetic Anhydride, Ephedrine and Pseudo- ephedrine, shall endorse a condition that before effecting imports, NOC shall be obtained from Narcotics Commissioner of India, Central Bur ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n under this paragraph shall be issued by RA only on submission of a "No Objection Certificate" from Department of Biotechnology. 1vi. Honey. Entitlement 4.7.1 CIF value of one or more such authorisations shall be maximum 500% of FOB and / or FOR value of preceding year exports and / or supplies in case of status holders and Rs. 5 crore or 500% of the FOB and / or FOR value of preceding year exports and / or supply, whichever is more, for others. 2However, in cases where NC has already ratified norms for same export and import products in respect of an authorization obtained under paragraph 4.7, such norms shall be valid for a period of one year reckoned from the date of ratification. In such cases Authorisations shall be issued by RA concerned under "Adhoc Norms Fixed" category and application copies need not be forwarded to NC for fixation / ratification of norms. Authorisation holder in such cases shall be entitled for further authorisation(s) as per norms ratified by NC without need for subsequent ratification by NC. In such cases applicant would file application under "Adhoc Norms Fixed" category. 3However, NC should ensure that such adhoc norm(s), if not notified ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... port obligation is completed pending fixation of norms by NC, entitlement for authorisation as given in paragraph 4.7.1 may be re-credited upon production of documentary evidence (copies of Shipping bill / bill of export / Central Excise certified copies of invoices) showing fulfillment of export obligation in respect of previous authorisations. However, bond waiver / redemption shall not be allowed pending fixation of norms in such cases. Financial Powers 4.8 Financial powers of RA and NC are given in table below: Category of Application On published norms and under paragraph 4.7 of HBP v1 RA RA on recommendation of DGFT Hqr (SION cases) / NC (adhoc Norms cases). Petroleum / Petrochemical products & Advance Authorisation for Annual Requirements Others Petroleum / Petrochemical products & Advance Authorisation for Annual Requirements Others CIF value of Authorisation Upto Rs. 500 crore Upto Rs. 100 crore Rs. 500 crore or above Rs. 100 crore or above Standardisation of Adhoc Norms 4.9 For standardization of norms, an application may be made by manufacturer exporter or merchant exporter tied to supporting manufacturer, duly filled in with complete data. Such a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... in SION, quantity and value of individual inputs is a limiting factor, same shall be applicable. (c) aggregate CIF value of imports; and (d) FOB / FOR value and quantity of exports / supplies. Exports in Anticipation of Authorisation 4.12 Exports / supplies made from date of EDI generated file number for an Advance Authorisation, may be accepted towards discharge of EO. Shipping / Supply document(s) should be endorsed with File Number or Authorisation Number to establish co-relation of exports / supplies with Authorisation issued. If application is approved, authorisation shall be issued based on input / output norms in force on the date of receipt of application by RA in proportion to provisional exports / supplies already made till any amendment in norms is notified. For remaining exports, Policy / Procedures in force on authorisation issue date shall be applicable. 4.12.1 Exports / supplies made in anticipation of grant of an Advance Authorisation shall be entirely on risk and responsibility of exporter. 4.12.2 Conversion of duty free shipping bills to drawback shipping bills may also be permitted by customs authorities in case application for an Advance Authoris ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ion. However, execution of BG / LUT shall not be required against transferable DFIA. After opening inland L/C, bank shall make following endorsement on Exchange Control and Customs copy of Advance Authorisation/ DFIA; Value of this Advance Authorisation / DFIA stands reduced by a sum of Rs. ________ , being value of inland L/C No.________ opened today by authorisation holder in favour of M/s _______________ (name and address of indigenous supplier). 4.15.2 Authorisation shall be invalidated by bank for direct import only in respect of full quantity and value of item being sourced indigenously. 4.15.3 Original Letter of credit (L/C) may be retained by bank for negotiation and only non-negotiable copy of L/C may be given to indigenous supplier. 4.15.4 Responsibility of bank shall be confined to making endorsement. Bank shall not be liable for any misrepresentation or false statement made by authorisation holder while requesting bank to make endorsement. Inland L/C opened by bank in favour of indigenous supplier shall not be cancelled for any reason whatsoever. 4.15.5 Non negotiable copy of inland L/C together with photocopy of Advance Authorisation / DFIA duly carry ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ing given by applicant to RA concerned in relevant ANF will be endorsed on the reverse of Advance Authorisation. Authorisation holder shall execute Bank Guarantee / Legal Undertaking, as the case may be, in terms of para 2.20 of HBP v1. Port of Registration 4.19 Advance Authorisation shall be issued for purpose of import and export through one of sea ports or airports or ICDs or LCS specified below. Authorisation holder shall register authorisation at the port specified in authorisation and thereafter all imports against said authorisation shall be made only through that port, unless the authorisation holder obtains permission from customs authority concerned to import through any other specified port. However, exports may be made through any of the specified ports. Sea Ports : Mumbai, Kolkata, Cochin, Kakinada, Kandla, Mangalore, Marmagoa, Chennai, Nhavasheva, Paradeep, Pipavav, Sikka, Tuticorin Vishakhapatnam, Dahej, Nagapattinam, Okha, Mundhra , Surat (Magdalla), Jamnagar, Nhava Sheva, Bedi (including Rozi-Jamnagar), Muldwarka, Porbander, Dharamtar and Vadinar. Air-ports : Ahmedabad, Bangalore, Bhubaneshwar Mumbai, Kolkata Coimbatore Air Cargo Complex, Cochin, Delhi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ms. Value addition of the authorisations so clubbed shall be average of minimum value addition prescribed in FTP and Procedure laid thereunder, imposed on individual authorisations. Upon clubbing, authorisations shall, for all purposes, be deemed to be one Authorisation and thereafter shortfall, if any, shall be regularized in terms of para 4.28 of HBP v1. 4.20.2 Accountability of imports and exports shall be restricted in relation to individual categories of Advance Authorisations including Advance Authorisation for annual requirements. 4.20.3 Facility is available only for Advance Authorisation(s) where there is shortfall in fulfillment of EO, and which is sought to be clubbed with an advance Authorisation(s) which is valid for imports. For expired Authorisation(s) with EO shortfall and which is sought to be clubbed with an advance Authorisation(s) which is valid for imports, applicant shall pay composition fee for EO period extension as per paragraph 4.22 below. 4.20.4 Wherever exports are effected beyond EO extension period (allowed vide paragraph 4.22 below) of earlier authorisation, no clubbing shall be permitted. 4.20.5 Notwithstanding provisions of para 4.20 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... oils and oleoresins of pepper, cardamom and chillies and not for simple cleaning, grading, repacking etc., EO shall be fulfilled within 120 days from the date of importation of first consignment. In case of import of spices (other than pepper, cardamom and chillies) for manufacture of spice oils and oleoresins, EO shall be fulfilled within 12 months from the date of issuance of advance authorisation. EO Period for import of drugs (with a specific export order and pre-import condition) and for import of tea shall be 6 months. 4.22.1 Request for extension in EOP may be made in ANF 4E. RA shall grant one extension for six months from expiry date with payment of composition fee of 2% of duty saved on all unutilized imported items as per Authorisation. Request for a further extension of six months may be considered by RA with payment of composition fee of 5% of duty based on all unutilized imported items as per Authorisation. Facility of extension of EOP shall not be allowed in case of advance authorisation wherein import of penicillin and its salts (ITC (HS) Code No. 29411010) and 6 - APA (ITC (HS) Code No. 29411 050) have been allowed as an input and also for import of spices ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ned. All provisions as to Advance Authorisation given above would apply except the following: (i) RA while issuing Authorisation shall mention technical characteristics quality and specifications in respect of such inputs:- Alloy steel including stainless steel, copper alloy, synthetic rubber, bearings, solvents, perfumes/ essential oils / aromatics chemicals, surfactants, relevant fabrics and marble. (ii) Authorisation holder shall have flexibility to export any product falling under export product group using duty exempted material. (iii) Within eligible entitlement, an exporter may apply for one or more than one authorisations in a licensing year, subject to condition that against one port of registration only one authorisation can be issued for same product group. One time enhancement / reduction of the authorisation shall be available in terms of paragraph 4.21 above. (iv) On completion of EO against one or more authorisations, all issued in same licensing year, entitlement of an exporter for that licensing year shall be deemed to be revived by an amount equivalent to EO completed against authorisation(s). (b) to (g) Deleted. 4.24B Deleted. Fulfillment Of Exp ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of bonafide default in fulfillment of EO may be regularised by RA as under: (i) If EO is fulfilled in terms of value, but there is a shortfall in terms of quantity, the Authorisation holder shall, for regularisation, pay:- 14a) to customs authorities, customs duty on unutilized value of imported / indigenously procured material along with interest as notified; and b) an amount equivalent to 3% of the CIF value of unutilised imported material through a TR in authorised branch of Central Bank of India indicating the "Head Account: 1453, Foreign Trade and Export Promotion and Minor Head 102". Authorisation holder shall also be required to obtain a separate authorisation for regularisation of excess imported input. However, provisions of this sub paragraph shall not be applicable if unutilised imported material was freely importable on date of import. (ii) If the EO is fulfilled in quantity but there is shortfall in value, no penalty shall be imposed if Authorisation holder has achieved minimum value addition prescribed. However, if value addition falls below the minimum value addition prescribed Authorisation holder shall be required to deposit an amount equal to 1% of shortfall ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of recovery / deposits made to Customs Authority at port of registration under intimation to Joint Secretary (Drawback), Department of Revenue, Ministry of Finance, Jeevan Deep Building, New Delhi. Payment of amount of duty, interest and any dues for regularisation shall, however, be without prejudice to any other action that may be taken by Customs Authorities at any stage under Customs Act, 1962. Maintenance of Proper Accounts. 4.30 Every Advance Authorisation holder shall maintain a true and proper account of consumption and utilisation of duty free imported / domestically procured goods against each authorisation as prescribed in Appendix 23. These records are required to be sent to the concerned RA at the beginning of each licensing year for all those authorisations, which have been redeemed in previous licencing year. However, these records in said format are required to be submitted for authorisations issued on or after 13-05-2005. Such records should be preserved for a period of at least three years from date of redemption. 104.30A. In case where Original EP copy of Shipping Bill / original BRC has been lost, request for EODC, No BG / LUT condition under Advance Aut ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... me during which exporter would furnish data on export and import for regular fixation of rates. Exports in anticipation of DEPB Rate 4.39 No exports shall be allowed under DEPB scheme unless DEPB rate 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 Special Economic Zone (SEZ), notified by Central Government, are entitled to DEPB. 4.40.1 DEPB shall be issued with single port of registration, which will be port from where exports have been effected. Maintenance of Record 4.40.2 Each Custom House at ports shall maintain a separate record of details of exports made under DEPB. Credit under DEPB and Present Market Value 4.41 In respect of products where rate of credit entitlement under DEPB Scheme comes to 10% or more, amount of credit against each such export product shall not exceed 50% of Present Market Value (PMV) of export product. During export, exporter shall declare on shipping bill that benefit under DEPB Scheme would not exceed 50% of PMV of export product. However PMV declaration shall not be applicable for products ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... lder shall pay in cash an amount equivalent to duty free credit utilised on imports, against such exports with interest as notified from date of import till date of deposit. If amount realised in foreign exchange is less, then payable amount would be reduced proportionately. Time Period 4.46 11Application for obtaining credit shall be filed within a period of twelve months from the date of exports or the date of up linking of EDI shipping bill details in the DGFT website or within six months from the date of realisation or within three months from the date of printing / release of shipping bill, whichever is later, in respect of shipments for which claim has been filed. 4.47 Wherever provisional shipment has been allowed by customs authorities, DEPB against such exports shall be issued only after release of shipping bill by Customs. In such cases, application for DEPB shall be filed within six months from date of release of such shipping bill or six months from date of realisation, whichever is later. Frequency of Application 4.48 All shipping bills in any one application must relate to exports made from one Custom House only. There is no limit on number of shipping ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... EPB benefit has been availed against same shipping bill. 4.52.1 Claim against lost Shipping Bill shall be preferred within a period of six months from date of release of duplicate copy of shipping bill and any application received thereafter will be rejected. However, if a provisionally assessed DEPB shipping bill is lost, time period for filing an application for DEPB would be six months from the date of release of the finally assessed shipping bill. Loss of Original Bank Certificate 4.53 In such cases where original Bank Realisation Certificate (BRC) has been lost, the DEPB claim can be considered subject to submission of following documents: a) A duplicate copy of BRC issued by bank authority in lieu of original loss; b) An application fee equivalent to 2% of the DEPB entitlement in respect of lost BRC; c) An affidavit by exporter about loss of BRC and an undertaking to surrender it immediately to RA, if found subsequently; d) An indemnity bond by exporter to the effect that he would indemnify Government for financial loss, if any, on account of DEPB issued against lost BRC. Claim against lost BRC shall be preferred within a period of six months from date of reali ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... f paragraph 4.18 above shall be applicable. Enhancement / Reduction in the Value of DFIA 4.63 Provision of paragraph 4.21 above shall be applicable. Export Obligation period (EOP) and its extension 4.64 Export obligation fulfillment period and its extension shall be governed as per paragraph 4.22 above. However, any extension beyond 36 months from the authorisation issue date shall not be allowed. Revalidation of DFIA 4.65 Facility of revalidation shall be available to DFIA holder as per paragraph 4.23 above. Re-export of goods imported under DFIA Scheme 4.66 Goods imported against transferable DFIA, which are found defective or unfit for use, may be re-exported, as per DoR guidelines. In such cases 95% of CIF value debited against DFIA for export of such goods, shall be generated by concerned Commissioner of Customs as an Authorisation, containing amount generated and the details of original DFIA. Based on the certificate, a fresh DFIA shall be issued by concerned RA. Fresh DFIA, so issued, shall have same port of registration and shall be valid for a period equivalent to balance period available on date of import of such defective / unfit goods. Monitorin ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... six months following the month during which the export proceeds are realised. For export proceeds realised during month, a consolidated application for entire month shall be filed. 4A.1.2 Deleted 4A.1.3 In case where payment is received in advance and exports take place subsequently, application for REP Authorisation shall be filed within six months following the month during which exports are made. 4A.1.4 For purpose of clarity, it is again reiterated that the month in which the export has been made in case of advance payment and the month in which export proceeds have been realised in part or full after making of exports, shall be excluded while calculating period of six months for filing of application for REP Authorisation. Wastage Norms 4A.2 Wastage or manufacturing loss on gold / silver / platinum jewellery and articles thereof is as follows: Item of exports Percentage of wastage by weight with reference to Gold / Platinum / Silver content in export item Gold/ Platinum Silver a) Plain jewellery and articles and ornaments like Mangalsutra containing gold and black beads /imitation stones, cubic zirconia, diamonds, precious, semi-precious stones. 3.5% ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e as per scale given in Appendix 12B. Filing of Application 4A.4.2 (i) An application for Gem Rep Authorisation may be given to RA concerned as given in Appendix 1A in the form given in Appendix 22-F alongwith prescribed documents. (ii) In case E.P Copy of Shipping Bill and Customs attested invoice is submitted to nominated agencies, exporter shall furnish a self certified photo copy of same along with a certificate from nominated agencies certifying carat / value of studdings in case of studded jewellery and excess value addition achieved in case of plain jewellery and articles. (iii) Provision of paragraph 4A.1.1 to 4A.1.4 will also be applicable for Gem Rep Authorisations. Agency Commission 4A.5 Exporter availing scheme of gold / silver / platinum jewellery are allowed to pay agency commission. Value addition shall be calculated after deducting agency commission. Wherever such agency commission is paid, value addition shall be correspondingly increased by percentage of agency commission. Endorsement on shipping Bill and Invoice 4A.6 During export of jewellery, shipping bill and invoice presented to customs authorities shall contain description of item, its purit ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ) Copy of Shipping Bill filed by Indian Seller; and (ii) Bank Certificate of Export and Realisation Instructions issued by Customs Department in this regard should be followed mutatis mutandis. Conversion of Purity / Fineness 4A.9 For conversion of quantity of gold / silver / platinum in terms of equivalent quantity in terms of fineness, following formula shall be used: (i) Where items of gold has been exported in terms of carats, quantity of gold shall be multiplied by number of carat of gold exported, divided by 24 and thereafter again divided by 0.995 / 0.999 / 0.900 to arrive at equivalent quantity of gold in terms of fineness of 0.995 / 0.999 / 0.900 respectively; and (ii) Wherever purity of item of export is expressed in terms of fineness, the quantity of gold/silver/platinum shall be multiplied by fineness of gold/silver/platinum exported and thereafter divided by 0.995 / 0.999 / 0.900 to arrive at equivalent quantity of gold / silver / platinum in terms of 0.995 / 0.999 / 0.900 fineness respectively'. Release of Gold / Silver / Platinum by Nominated Agencies 4A.10 Gold / silver / platinum shall be released to exporter of jewellery by nominated agencies/RBI author ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ver / platinum, alloys, findings and mountings of gold / silver / platinum and plain semifinished gold/ silver / platinum jewellery etc. BG / LUT, executed with Customs shall be valid for one year. In case of direct supply to Status Holder / exporter, exports shall be completed within 90 days. In case of non-fulfillment of EO / non-achievement of stipulated value addition, Customs Department shall proceed to recover custom duty alongwith interest which may include enforcement of BG / LUT. Besides importer will be liable to penal action under Customs Act 4A.15.1 Nominated agency / Status Holder / exporter shall be liable to pay customs duty leviable on that quantity which is proved to have been not exported. 4A.15.2 Goods shall be cleared through Customs by nominated agency Status Holder / exporter. Even where export order is received by an Associate, goods shall be cleared through Customs by nominated agency only and not Associate. Associate shall, in such cases, authorise nominated agency to act as its agent to file Bill of Entry and shipping bill. 4A.15.3 At time of export, shipping bill presented to Customs shall also contain the following: (i) Name and address of as ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ion of bond / BG / LUT executed with Customs, nominated agency / Status Holder / exporter shall furnish a statement indicating items, its quantity and value supplied by foreign buyer, corresponding Bill of Entry number and date, number of each of shipping bills against which corresponding exports was made. Maintenance of Accounts 4A.16 Nominated agency shall maintain complete account, consignment wise, of the gold, silver, platinum, mountings, findings / plain semifinished gold / silver / platinum jewellery etc. imported for execution of each export order, exports effected and quantity of gold, silver, platinum mountings, findings etc. released against such exports. For direct exports, similar accounts shall also be maintained by Status Holder. Such accounts shall be maintained for a minimum period of three years from date of exports. Export Through Exhibitions / Export Promotion Tours / Export of Branded Jewellery 4A.17 Nominated agencies shall produce to Customs Authorities letter in original or its certified copy, containing Government's approval for holding exhibition / export of branded jewellery. Any other person shall produce to Asst. Commissioner, customs letter in ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... lenishment content against items sold abroad. (iii) Export of branded jewellery. Export of branded jewellery is also permitted with approval of Gem & Jewellery and Jewellery EPC for display / sale in permitted shops set up abroad or in showroom of their distributors / agents. Items not sold abroad within 180 days shall be reimported within 45 days. Exporter shall book with nominated agency within 120 days after the end of stipulated period of 180 days, gold / silver / platinum for replenishment content against items sold abroad. (b) Following documents shall be submitted for claiming such replenishment: (i) Customs attested invoice; (ii) Copy of the approval letter issued by Government / GJEPC; (iii) Certificate from nominated agency / GJEPC as in Appendix 22F. (c) In case of exhibitions organised by nominated agencies, gold / silver / platinum shall be imported as replenishment by nominated agencies within 60 days from close of exhibition. 4A.19 Nominated agencies shall maintain a complete account of exports made, goods sold abroad, goods re-imported, and metals purchased abroad and imported into India. Such account shall be maintained for a minimum period of three years ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n outright purchase basis subject to furnishing of BG / LUT to nominated agencies for an amount as may be prescribed by nominated agency. On failure to effect exports within period prescribed, the nominated agencies shall enforce BG / LUT, as the case may be. 4A.22.1 Exports shall be effected within a maximum period of 90 days from date of outright purchase of precious metal. Loan Basis 4A.23 Exporter may obtain required quantity of precious metal on loan basis subject to furnishing of BG / LUT, for customs duty to nominated agencies for an amount as may be prescribed by nominated agencies. On failure to effect exports within period prescribed, the nominated agencies shall enforce the BG / LUT. 4A.23.1 Exporter has to pay interest on gold taken on loan basis at the rate as may be specified. 4A.23.2 Export has to be completed within a maximum period of 90 days from date of release of gold on loan basis. No extension for fulfillment of EO shall be allowed. 4A.23.3 Exporter shall be permitted to export jewellery on the basis of a notional rate certificate to be issued by nominated agency / GJEPC. This rate will be based on prevailing Gold / USD rate and the USD / INR ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ious metals from nominated agencies may be regularised provided exporter has paid customs duty alongwith interest thereon as notified to Customs. However, in case of Advance Authorisation, the provisions as given in paragraph 4.28 above shall apply. This shall be without prejudice to any action that may be taken against exporter under FT(D&R) Act, Order or Rules issued thereunder. Replenishment Authorisation for Import of Consumables 154A.28 A replenishment authorization for duty free import of consumables, tools, machinery and equipments for Jewellery made out of precious metals (other than Gold & Platinum) equal to 2% and for Cut and Polished Diamonds and Jewellery made out of Gold and Platinum equal to 1% of FOB value of exports of the preceding year, may be issued on production of Chartered Accountant Certificate indicating the export performance. However, in case of Rhodium finished Silver jewellery, entitlement will be 3% of FOB value of exports of such jewellery. Personal Carriage of Gems & Jewellery Export Parcels 4A.29 Personal Carriage of gems & jewellery parcels by Foreign Bound Passengers from all EOU / SEZ units and all firms in DTA through Airports in Delhi, M ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y. 4A.34 Policy for Import of precious metal scrap/used jewellery for melting and re-export of jewellery is given in paragraph 4A.21 of FTP. Procedure is laid as under: Imported precious metal scrap / used jewellery shall be allowed to be cleared by Customs subject to the condition: a) that importer files a bond along with Bank Guarantee for a sum equivalent to one and half times customs duty leviable on said used jewellery / precious metal scrap; b) importer fulfils the export obligation and value addition as notified by Central Government; c) such import will not be allowed through Hand Baggage. Detailed procedure including value addition requirement and export obligation etc. for operationalisation of the facility under this paragraph shall be notified separately by DGFT. Export of Diamond & Jewellery on consignment basis 4A.35 Policy for export of diamond and jewellery on consignment basis is given in paragraph 4A.23 of FTP. Detailed procedure in this regard shall be governed as per the relevant Customs Rules & Regulations. Re-import of these items (either in complete or partial lot) exported on consignment basis shall be subject to condition that exporter follows ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 007)/2004-2009 dated: October 1, 2007 before it was read as, "Application for obtaining credit shall be filed within a period of twelve months from date of exports or within six months from date of realization or within three months from date of printing / release of shipping bill, whichever is later, in respect of shipments for which claim have been filed." 12. Hasbeen substituted vide Public Notice No. 30 (RE-2007)/2004-2009 dated 26/7/2007before it was read as, "Provision of paragraph 4.24 above shall apply." 13. Hasbeen substituted vide Public Notice No. 26 (RE-2007)/2004-2009 dated 23/7/2007 before it was read as, "Once export obligation is fulfilled and required documents as stipulated in paragraph 4.68 above have been furnished, RA shall make authorisation transferable subject to conditions stipulated for this scheme. However, restricted item endorsed in authorisation shall be allowed to be transferred only against a separate authorisation / permission issued as per FTP and the procedure laid thereunder." 14. Paragraph no. 4.28 (i)(a) corrected vide PUBLIC NOTICE No. 120 (RE-2007)/2004-2009 dated 29-2-2008, before correction it was read as, "to customs authority, customs ..... X X X X Extracts X X X X X X X X Extracts X X X X
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