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TMI BlogHB Vol.1 AmendedX X X X Extracts X X X X X X X X Extracts X X X X ..... ' may be replaced by the word `Special Imprest Licence' and the validity period may be stated to be 18 months or coterminus with the contracted duration of the execution of the project, whichever is later. 3. The following shall be added after sub paragraph 4.16: `However, in cases where revalidation of the licences is to be considered by DGFT, the original application alongwith TR / Demand Draft shall be submitted to the regional licensing authorities concerned and copy of the same shall be submitted to DGFT. 4. In paragraph 4.24, the word `100% of customs duty saved' may be replaced by the word `100% of the excise duty saved'. 5. In paragraph 6.14, the last sentence shall be corrected to read as follows: " In cases, where the CIF va ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... llowing note shall be added at the end of paragraph 12.7 (f): Note: In cases where the exporters are entitled for SIL benefit on six monthly basis, the increase in export turnover shall be calculated on six monthly basis over the preceding six months. 13. Following shall be added as paragraph 12.8(A) after paragraph 12.8: 12.8 (A) 'The exporters who were holding recognition certificate for the period 1997-98 under Export Import Policy 1997-2002 or under Exim Policy 1992-97 and have also obtained recognition certificate under the current Policy have an option to claim SIL based on exports made during preceeding licensing year subject to following conditions: a. The irrevocable option shall be exercised at the time of filing the applicat ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Proprietor / Karta _____________________ Date _________ Name:_________________________________ Designation ___________________________ 16. The following shall be added as Declaration / Undertaking after S.No. 5 of Appendix 2-A. 6.`I / we hereby certify that none of the Director / Partner / Proprietor / Karta of the firm or company is a Director / Partner / Proprietor / Karta of the firm / Company which has come to the adverse notice of DGFT'. 17. In Annexure 1 and 2 of Appendix 8, the column of ITC(HS) Code shall be added ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... es, floriculture and horticulture products' instead of `Agriculture and Allied products'. 24. Following shall be added as Note No. 4 at the end of the bank certificate of export and realisation as given in Appendix 25. "In case of exports under DEPB scheme, the FOB value in free foreign exchange shall be converted into Indian rupees as per the authorised dealers' T / T buying / on-demand buying rate, as the case may be, prevalent on the date of negotiation / purchase of document" This issues in public interest. Sd/- (N.L.Lakhanpal) Director General of Foreign Trade - Circular - Trade Notice - Public Notice - Instructions - Office orders Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI ..... X X X X Extracts X X X X X X X X Extracts X X X X
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