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TMI BlogPROMOTIONAL MEASURESX X X X Extracts X X X X X X X X Extracts X X X X ..... ificate shall have a validity commencing from 1st April of next licensing year; otherwise validity of recognition shall commence from 1st April of year during which application was filed. (c) All Status Certificates shall be valid for a period of 5 years reckoned from 1st April of the year in which the certificate was issued. 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. (d) Existing Status Holders who have applied for recognition before expiry of their status, shall have a grace period of 6 months, pending finalization of application for grant of recognition. During this 6 months grace period, such Status Holders will continue to be recognized as Status Holders even after the expiry of earlier Status Certificate i.e. till September end, unless their applications are rejected or status recognition granted once again, as the case may be. 3.3 Maintenance of Accounts (a) Status Holder shall maintain true and proper accounts of its exports and imports based on which such recognition has been granted. (b) Records shall be maintained during validity period of status ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... : a) Foreign Exchange remittances: I. related to Financial Services Sector 1. Raising of all types of foreign currency Loans; 2. Export proceeds realization of clients; 3. Issuance of Foreign Equity through ADRs / GDRs or other similar instruments; 4. 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... l be filed with RA concerned in ANF3C along with documents prescribed therein. (c) Eligibility of Focus Market (as in Appendix 37C) shall be determined from date of export as per Para 9.12 of HBP v1. 3.8.2 Proof of Landing - for FMS and MLFPS (a) 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 document that may satisfactorily prove to RA concerned that goods have landed in / reached the Focus Market. (b) In case of (iv) and (vi) above, the accredited agent of the Goods Carrier must certi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ed in ANF3E along with documents prescribed therein. 3.10.3 (a) The last date for filing SHIS application shall be 31st March 2011/2012/2013/2014 for exports made during 2009-10/ 2010-11/ 2011-12 and 2012-13 respectively. 2[(b) In case an applicant has availed Zero Duty EPCG Authorisation during the year 2010-11 or 2011-12 or 2012-13, they shall not be entitled to SHIS for that year [i.e. for export made during the respective previous years (2009-10, 2010-11, 2011-12)]. Such SHIS applications will be summarily rejected and para 9.3 (late cut for delay in filing application) shall also not be applicable.] 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. Shipments where foreign exchange realisation is in the name of applicant Status Holder, will only be entitled for SHIS. 3.10.5 (a) Merchant Status Holders can list the supporting manufacturers till the date of filing of application for claiming SHIS. (b) Proof of supporting manufacture ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 0 Chapter 70 Chapter 44 Chapter 69 Chapter 48 Chapter 49 Various codes Codes 05061039 and 35030020 Various codes Various codes 2 Electronics Products 3 Sports Goods and Toys Chapter 95 and Codes 420321,650610 4 Engineering products for the three groups indicated below (i) Iron and Steel (ii) Pipes and tubes (iii) Ferro Alloys Chapter 72 3.11 COMMON PROCEDURAL FEATURES FOR PROMOTIONAL SCHEMES, APPLICABLE TO ALL SCHEMES IN THIS CHAPTER, UNLESS SPECIFICALLY PROVIDED FOR: 3.11.1 Jurisdictional RA / RA Concerned Applicant shall have option to choose Jurisdictional RA on the basis of Corporate Office/ Registered Office/ Branch Office address endorsed on IEC. Once an option is exercised, no change would be allowed. 3.11.2 (a) Provisions contained in Chapter 2 and 9 of this HBP shall apply to all Promotional Schemes. (b) It is however clarified that in case the importer wants to use a specific permission/ license for import of a restricted item and pay 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 para of Duty Credit Scrip (reference FTP para 3.12.6, 3.13.4, 3.16.4, and 3.17 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ort shipments filed under the Free Shipping Bill category, would need the following declaration on the Shipping Bills in order to be eligible for claiming benefits under chapter 3 of FTP: 'We intend to claim benefits under Chapter 3.' (b) Such 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. (c) If there is a decision 5[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.] 3.11.9 Last date of filing of application for Duty Credit Scrip, except for FTP Para 3.13.4 and FTP Para 3.16 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... riod from the date of issuance of the Scrip, the RA shall initiate necessary action against the exporter. If the Scrip Holder does not pay the amount within 60 days of the expiry of aforesaid 12 months time period, the Scrip 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 Holder surrenders the valid unutilized / partially utilized Duty Credit Scrip, then unutilized / partially utilized credit shall be deducted from the payable amount. (b) 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. Inserted vide Public Notice No. 12 (RE-2012)/ 2009-14, Dated 26/07/2012 2. Substituted vide Public Notice No. 12 (RE-2012)/ 20 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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