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TMI BlogDeactivation of IEC, newcomers, duty free imports for service providers, addition of AEZs, application free for duty free entitlement, addition of EPC etcX X X X Extracts X X X X X X X X Extracts X X X X ..... ere the IEC holder has not made any import/export in the preceding licensing year, such IEC shall be made inoperative from 1st of July. The inoperative IEC may be reactivated upon furnishing a fee of Rs.500/- to the regional licensing authority. 2. Paragraph 2.31 is amended as under: "Wherever an import licence/certificate/permission, including Customs Clearance Permit (CCP), is required under the Policy, the procedure contained in this chapter would be applicable". 3. Sub paragraph (i) of paragraph 2.34 pertaining to "import of ammunition by licenced arms dealers" is amended as under : (i) Shotgun Cartridges 28 bore; 4. Paragraph 2.53 shall be corrected to read as under : "For export of gifts and replacement goods in excess of the ceiling/period prescribed in paragraphs 2.32, 2.33 and 2.37 respectively of the Policy, an application may be made to the Director General of Foreign Trade". 5. Paragraph 3.12.1 is amended as under: In addition, an exporter has the option to obtain an RCMC from FIEO or any other EPC, if the products exported by him relate to those EPC's. If the export product is such that it is not covered by any EPC, RCMC in respect thereof may be issued by FI ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e added at the end of paragraph 4.7.1. "However, in cases where ALC has already ratified the norms for the same export import product in respect of a licence obtained under paragraph 4.7, such norms shall be valid for a period of six months reckoned from the date of ratification. The licence holder in such cases shall be entitled for further licence(s) as per the norms ratified by ALC without the need for subsequent ratification by ALC. However, licensing authority after issuance of the licence shall forward such cases to ALC for consideration of fixation of Standard Input Output Norms. The total value of licence(s) obtained on such norms shall not exceed 100% of the FOB and/or FOR value of preceding year export/supply". 10. The last sub paragraph under paragraph 4.26 shall be corrected to read as under: "Ordinarily, redemption of BG/LUT shall not preclude the customs authority from taking action against the licence holder for any misrepresentation, mis-declaration and default detected subsequently" . 11. Paragraph 5.14 may be corrected to read as under: In case, EPCG licence holder fails to fulfil the prescribed export obligation, he shall pay duties of Customs plus 15% inter ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he appropriate column) c Yes c No 15. The following countries are added in the table under the sub-heading "Sub Saharan Africa" of Appendix 17C pertaining to the "List of Countries, export to which entitled the grant of Export House Status at reduced threshold limit". Sl. No. Country Sl. No. Country 1A Algeria 29A Morocco 13A Egypt 42A Sudan 24A Libya (excepting for export of goods listed in Appendix 31) 45A Tunisia 16. Appendix - 20A pertaining to "Proforma for Appeal" is deleted. 17. Condition number (x) of the "Form of legal Agreement/Undertaking" under Appendix - 21A is corrected as under: (x) That the party irrevocably undertakes that in the event of his default in meeting the aforesaid export obligations/conditions, they shall pay the applicable Customs Duties, 15% interest per annum on the amount of customs duties saved from the date of import of the first consignment till the date of payment and surrender where ever applicable any prescribed amount through TR challan to meet the shortfall in the export obligation as may be imposed on the licence/san ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... licate licence including Duty Entitlement Pass Book. Two hundred 5. Application for issue of certificate of Importer - Exporter Code Number (IEC). One thousand 6. Application for duplicate copy of IEC No. Two hundred 7. Application for issue of an Identity Card Two hundred 8. Application for issue of duplicate Identity Card One hundred 9. Application for revalidation of an import licence Two hundred 10. Deleted 11. Application for Duty Entitlement Passbook (DEPB), Duty Free Credit Entitlement Certificate for service provider and Duty Free Credit Entitlement Certificate for status holder. Five per thousand of duty credit subject to a minimum of Rs. Two hundred. However, for application filed electronically, Rs. 2.50/ 1000 of duty credit subject to a minimum of Rs. 200/- 12. Application for Export Promotion Capital Goods (EPCG) Rs. Five per thousand of duty saved subject to a minimum of Rs. Two hundred. However, for application filed electronically, Rs. 2.50/1000 of duty credit subject to a minimum of Rs. 200/- 21. Appendix 36 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... er paragraph 3.8 of the Policy based on the exports in free foreign exchange during the preceding three licensing year. 5. I/We further declare that I/We shall comply with the provisions of the Exim Policy/Handbook of Procedure (Vol.1) and the relevant Customs notification while importing the goods under the scheme and subsequent use of the same under actual user condition. 6. I/We further declare that in respect of professional equipments, a certificate from jurisdictional Deputy Commissioner Central Excise, Assistant Commissioner of Central Excise or an independent Chartered Accountant, as the case shall be produced confirming installation and use of capital goods in the importer's factory or premises, within six months from the date of imports or within such extended period as the said Deputy Commissioner of Customs or Assistant Commissioner of Customs may allow. Signature:.......................................... Name in Block Letters:.......................................... Designation:.......................................... Place:.......................................... Date:............................ Full Official Address:......... ..... X X X X Extracts X X X X X X X X Extracts X X X X
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