9911796707
TMI BlogGuidelines for sale of 25% of the production in the Domestic Tariff Area under Open General Licence by the units approved under 100% Export Oriented Unit Scheme and Units approved in the Export Processing Zones/Free Trade ZonesX X X X Extracts X X X X X X X X Extracts X X X X ..... rea under Open General Licence by the units approved under 100% Export Oriented Unit Scheme and Units approved in the Export Processing Zones/Free Trade Zones. The Chief Controller of Imports and Exports, Ministry of Commerce, have since issued fresh guidelines for sale of 25% of production in the Domestic Tariff Area under Open General License by the units approved under 100% Export Oriented Undertaking Scheme, and units approved in the Export Processing Zones/Free Trade Zones. A copy of their REP Circular No. 17/88 (F. No. 3/11/88-EPC), dated 2nd May, 1988 is enclosed for ready reference. 2. You are requested to ensure that the guidelines and procedure set out in the above said circular are scrupulously followed. No. 3/11/88-EPC ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... notified by the Deptt. of Revenue, Ministry of Finance, New Delhi. 2. The following detailed guidelines and procedures are set out for availing of the facility mentioned in the paragraph above : (a) The sale will be allowed in relation to the ex-factory value of the total production excluding permissible rejects and is governed by OGL licence No. 21/88, Order No. 21/88-91 dated 30th March, 1988 and OGL No. 24/88, Order No. 24/88-91 dated the 30th March, 1988. (b) The manufactured items listed below will not however be allowed for sale : (i) Jewellery all types; (ii) Diamonds, precious and semi-precious stones, jewels; (iii) Motor Cars; (iv) Recorded Video and Audio Cassettes; and (v) Silver Bullion. (c) Government may, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... documents:- (i) A statement setting out the total number and ex-factory value of production of the unit during the relevent period and FOB value of items actually exported. The volume and value of rejects shall be distinctly indicated. (ii) A statement indicating the cost of the production constituents consisting of the imported and indigenous inputs, separately, under the categories of raw materials, components and consumables for the preceding period. (iii) These statements shall be certified by an independent Cost/Chartered Accountant and endorsed by the Customs/Central Excise Officer having jurisdiction over the unit. (iv) The Export Commissioner/Development Commissioner concerned will decide the extent to which the facility is ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
