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TMI BlogAmendment in the Handbook of Procedure Vol. IX X X X Extracts X X X X X X X X Extracts X X X X ..... tion to directly access the international market. In view of this, duty free import entitlement @ 10% of the incremental growth in value of exports was allowed, subject to the condition of eligibility on actual user condition, which could be passed on to supporting/associate manufacturers/job worker for ultimate production. Since the Scheme was intended to be a specific incentive for fast growing status holders, the benefits would be available w.e.f 1st April 2004. Being a new initiative, a large number of representations have been received from Trade Associations/ Export Promotion Councils as well as the individual exporters seeking clarifications on various points relating to the implementation of the Scheme. At the same time, Government has received reports that some Status Holders are trying to increase their export turnover by taking credits for the export of others without putting any significant efforts in increasing exports. Such diversion/enhancement of exports merely to increase benefits under the Scheme in this manner would not lead to the intended objectives of incremental growth in exports. Such transactions amount to misuse of the Scheme. In view of this, on both the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... certificate which ever is earlier, submit a statement of imports/ utilization made under the certificate as per Appendix 17E, to the jurisdictional Regional Licensing Authority who have issued the Certificate with a copy to the jurisdictional Excise authorities. 2. In terms of Para 3.2.5 of Handbook of Procedures (Volume 1), the following items would not be taken into account for computation of entitlement and export performance under Duty Free Credit Entitlement Scheme for Status Holders: a. Rough, uncut and semi polished diamonds b. Gold, silver in any form including plain jewellery thereof c. Food grains sourced from central pool maintained by FCI d. Items exported under free shipping bills 3. "In terms of Para 3.2.5 of Handbook of Procedures (Vol.I), import of Agricultural Products listed in Chapter 1 to 24 of ITC (HS) Classification of Export and Import items except the following shall be allowed: (i) Garlic, Peas and all other Vegetables with a Duty of more than 30% under Chapter 7 of ITC (HS) Classification of Export and Import items. (ii) Coconut, Areca Nut, Oranges, Lemon, Fresh Grapes, Apple and Pears and all other fruits with a Duty of more than 30% un ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ely importable under ITC(HS). d. The benefit under this scheme is subject to actual user condition. The duty free credit entitlement certificate and the goods imported thereunder shall be non-transferable. e. A single consolidated application for the duty free credit entitlement certificate shall be filed with the jurisdictional regional licensing authority in Appendix-36A by the Registered office in case of a company and Head Office in case of others. The last date for filing of such application shall be 31st December. f. Where the applicant is the branch office or the individual units of the service provider, it shall furnish (i) self certified copy of any valid documentary evidence such as tax return etc. Where the name of the branch/unit is given and (b) an authority letter from the Registered Office of a company or head office of a firm, clearly, indicating that the Registered/Head office or its branches and unit(s) have not been declared defaulter or otherwise made in eligible for import/export under any of the provisions of the policy. g. The Applicant can apply for split up of licence subject to the condition that each such licence will be of a minimum value of Rs.5 L ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 4. Whether holding a status certificate : Yes/No. [ ] 5. Service Tax Registration No: (unless exempted) 6. Details of services : Services rendered in free foreign exchange Average service rendered in the preceding three years (in Indian rupees) Duty free entitlement 2000-01 (1) 2001-02 (2) 2002-03 (3) Direct *Indirect Direct *Indirect Direct *Indirect (4) (5) = 0.1*(4) /0.05*(4) for hotels and restaurants 7. Port of Registration (for import purposes) : DECLARATION I/We hereby declare that this application is based on services rendered in free foreign exchange during the preceding three licencing year. I/We further certify that I/We am/are authorised to verify and sign the statement on behalf of the applicant. I/We fully understand that any information furnished in the above statement, if proved incorrect or false, will render me/us liable to face any penal action or other consequences as may be pre ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... provided against Direct/Indirect foreign exchange and have been examined and verified by me/us: In respect of direct foreign exchange earnings, we have verified the certified statements from the Banker/ Chartered Accountant of Foreign Exchange Earnings. In respect of *indirect forex earnings duly certified by Chartered Accountant such as amount received from Travel agents/Tour Operators, Foreign Airlines for stay of Crew and Catering, UN organizations and Diplomatic Missions and Encashment Certificate from authorized dealers and others in terms of DGFT Policy circular no.60/97-2002 dated 24.12.1998. The financial information given in the above statement is in agreement with the relevant register and records; the same has been incorporated in the books of accounts maintained by the Service provider; and is also true and correct. It has been ensured that the information furnished is true and correct in all respect; no part of it is false or misleading and no relevant information has been concealed or withheld; It has been ensured that the information furnished is true and correct in all respect; no part of it is false or misleading and no relevant information has been concealed ..... X X X X Extracts X X X X X X X X Extracts X X X X
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