9911796707
TMI BlogImport of fuel under self declared AL, direct negotiation of documents, deemed supplies under irrevocable inland LC, addition of districts in AEZ, addition of agency authorized to issue certificate of origin (non preferential) etcX X X X Extracts X X X X X X X X Extracts X X X X ..... wing amendment in the Handbook of Procedures (Vol.1):- 1) Para 2.25.2 pertaining to the "Direct negotiation of export documents" is amended as under: In cases where the exporter directly negotiates the document ( not through the authorised dealer) with the permission of the RBI, he is required to submit the following documents for availing of the benefits under the export promotion schemes: a) permission from RBI allowing direct negotiation of documents (however this is not required for status holders who have been granted a general permission), b) copy of the Foreign Inward Remittance Certificate (FIRC) as per Form 10 H of the Income Tax department in lieu of the BRC and c) Statement giving details of the shipping bills/ invoice agai ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cencing authorities to issue advance licence in respect of Petroleum and Petrochemical Products to be manufactured from crude oil upto a limit of a CIF value of Rs 500 crores. Hence paragraph 4.8 pertaining to the "Financial Powers" is deleted. 4) A decision was taken to permit the duty free import of fuel for all Advance Licence applications either under SION or under self declaration as per para 4.7. Hence para 4.9 pertaining to Standardisation of Adhoc norms is amended as under: For standardisation of norms, an application may be made by the manufacturer exporter or merchant-exporter, tied to supporting manufacturer, duly filled in with complete data. Such applications shall be made to the Advance Licensing Committee (ALC) in the form ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... a disclaimer on the basis of which the Advance Licence holder can avail of the deemed export benefits as per procedure given in Chapter 8 of the Handbook of Procedures (Vol 1) . 5) The following is added as a sub para to para 4.25 (ii) pertaining to "Fulfilment of export obligation for deemed exports"as under: However realisation of export proceeds shall not be insisted upon if the shipments are made against confirmed irrevocable inland letter of credit and the same is certified in columns 5/6/7 of Appendix 22 A. 6) Certain districts have been added to the following Agri Export Zones in Appendix 15 as under: S.No Product State Districts covered 12 Potatoes Uttar Pradesh Agra, ..... X X X X Extracts X X X X X X X X Extracts X X X X
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