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TMI BlogPROMOTIONAL MEASURESX X X X Extracts X X X X X X X X Extracts X X X X ..... st April of the relevant year. All Status Certificates valid beyond 31.3.2014 shall continue to remain in force, in case provisions of Foreign Trade Policy (2014-19) continue to recognize the status. Pending the finalization of the applications for grant of recognition, existing status holders who have applied for recognition before the expiry of their status, shall have a grace period of 6 months. During this grace period of 6 months such status holders shall continue to be recognized as Status holders even after the expiry of earlier Status Certificate i.e. till September end, unless their applications are finally rejected or status recognition is granted once again, as the case may be. Maintenance of Accounts 3.3 Status Holder shall maintain true and proper accounts of its exports and imports based on which such recognition has been granted. Record shall also be maintained during validity period and for a minimum period of three years thereafter. These accounts shall be made available for inspection to RA concerned or any authority nominated by DGFT. Refusal / Suspension / Cancellation of Certificate 3.4 Status Certificate may be refused or suspended or cancelled b ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... . Issuance of foreign currency Bonds; 5. Sale of securities and other financial instruments; 6. Other receivables not connected with services rendered by financial institutions; and II. earned through contract/regular employment abroad (e.g. labour remittances); b) Payments for services received from EEFC Account; c) Foreign exchange turnover by Healthcare Institutions like equity participation, donations etc. (However, remittances received on account of medical treatment, surgery, testing, consultancy and health care provided by the institution shall be eligible.); d) Foreign exchange turnover by Educational Institutions like equity participation, donations etc. (However remittances received on account of the course fees and consultancy provided by the institution shall be eligible.); e) Export turnover relating to services of units operating under SEZ / EOU / EHTP / STPI / BTP Schemes or supplies of services made to such units; f) Clubbing of turnover of services rendered by SEZ / EOU / EHTP / STPI / BTP units with turnover of DTA Service Providers; g) Service Providers in Telecom Sector (Sr. No 2C of Appendix 10); h) Foreign Exchange earnings for Services pro ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... along with documents prescribed therein. Eligibility of Focus Market (as in Appendix 37C) shall be determined from date of export as per Para 9.12 of HBP v1. Proof of Landing - for FMS and MLFPS 3.8.2 Applicant shall be required to submit proof of landing of export consignment in specified market. Any one of the following documents should suffice, as a proof of landing of export consignment in specified Focus Market: (i) A self attested copy of import bill of entry filed by importer in specified market, or (ii) Delivery order issued by port authorities, or (iii) Arrival notice issued by goods carrier, or (iv) Tracking report from the goods carrier (Shipping Line/Airline etc. or his accredited agent in India) duly certified by them, evidencing arrival of export cargo to destination Focus Market, or (v) For Land locked Focus Market, Rail/Lorry receipts of transportation of goods from Port to Land locked Focus Market, or (vi) Any other documents that may satisfactorily prove to RA concerned that goods have landed in / reached the Focus Market. In case of (iv) and (vi) above, the accredited agent of the Goods Carrier must certify that he is the accredited agent ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ses where Zero Duty EPCG Authorisation has been issued to the applicant by any RA during the year 2011- 12 (from 1.4.2011 till 31.3.2012) or 2012-13 (from 1.4.2012 till 31.3.2013) as the case may be. c) In case SHIS Application is filed within the prescribed date (for exports made during 2009-10/2010-11/2011-12 as the case may be, including any supplementary claim under Para 9.4 of HBPv1) and where Zero Duty EPCG Authorisation has been issued to the applicant by any RA during the relevant year (i.e. during 2010-11/2011-12/2012-13 respectively, as the case may be), SHIS application shall be summarily rejected in view of fourth subpara of Para 5.1A of HBPv1. 3.10.4 As Para 3.17.8 of FTP does not apply to SHIS, shipments where VKGUY, FMS, FPS (including MLFPS) benefits have been claimed/will be claimed by applicant or by the supporting manufacturer (based on disclaimer by the exporter) shall be entitled for SHIS benefits to the exporter Status Holder. SHIS is entitled for shipments where foreign exchange realisation is in the name of applicant Status Holder. 3.10.5 Merchant Status Holders shall have the facility to list the supporting manufacturer till the date of filing of the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Chapter 95 and Codes 420321, 650610 4. Engineering products for the three groups indicated below Chapter 72 (i) Iron and Steel (ii) Pipes and tubes (iii) Ferro Alloys 3.11 COMMON PROCEDURAL FEATURES FOR PROMOTIONAL SCHEMES, APPLICABLE TO ALL SCHEMES IN THIS CHAPTER, UNLESS SPECIFICALLY PROVIDED FOR: Jurisdictional RA / RA Concerned 3.11.1 Applicant shall have option to choose Jurisdictional RA on the basis of Corporate Office, Registered Office, Branch Office address endorsed on IEC. However, once opted, no change would be allowed. 3.11.2 Provisions contained in Chapter 2 and 9 of this HBP shall apply to all Promotional Schemes. However, it is clarified that in case the importer wants to use a specific permission/license for import of a restricted item as well as pay the duty using Duty Credit Scrip, then Duty Credit Scrip shall be allowed to be used only if the item is also importable under the respective paras of Duty Credit Scrip (reference FTP Paras 3.12.6, 3.13.4, 3.16.4, and 3.17.5). Port of Registration 3.11.3 Duty Credit Scrip (including splits) shal ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ing Bill category, would need the following declaration on the Shipping Bills in order to be eligible for claiming chapter 3 benefits of FTP : We intend to claim chapter 3 benefits. This declaration shall not be required for export shipments under any of the schemes of Chapter 4 (including drawback), Chapter 5 or Chapter 6 of FTP. If there is a decision during the year to include any new product or new market to avail such benefit, then: (i) For exports of such products/ export to such markets, a grace period of one month from the date of decision/ notification/public notice will be allowed for making this declaration of intent on free shipping bills. (ii) After the grace period of one month, all exports (of such products or to such markets) would have to include the declaration of intent on the free shipping bills. (iii) For exports made prior to date of decision/notification/public notice of products/markets, such a declaration will not be required since such exports would have already taken place. ] Last date of filing of application for Duty Credit Scrips, except for FTP Para 3.13.4 and FTP Para 3.16. 3.11.9 Applications for obtaining Duty Credit Scrip sha ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rip holder shall be required to pay the said amount along with 15% interest per annum from the date of issuance of the Scrip(s) for the Duty Credit for which BRC or Documentary evidence (evidencing realisation of export proceeds as required under FTP or the Procedure laid thereunder) could not be produced. In case the Scrip holder surrenders the unutilized / partially unutilized Duty Credit Scrip, then unutilized / partially unutilized credit shall be deduced from the payable amount. (ii) In case the FOB value realized in free foreign exchange is higher as per BRC, when compared to the FOB value in free foreign exchange as declared on the Shipping Bill(s) on which the original duty credit scrip was issued, supplementary claim shall be filed within a period of six months from the date of realization. ------------------------------------------- Notes:- 1. Replaced vide Public Notice No. 22/2009-2014 (RE 2010), dated 14/01/2011 , before it was read as:- Goods imported which are found defective or unfit for use, may be re-exported, as per DoR guidelines. Where Duty Credit scrip has been used for imports, Customs shall issue a certificate containing particula ..... X X X X Extracts X X X X X X X X Extracts X X X X
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