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TMI BlogRegarding Exemption under Focus Market Scheme (FMS).X X X X Extracts X X X X X X X X Extracts X X X X ..... ared against a Focus Market Scheme duty credit scrip issued to an exporter by the Regional Authority in accordance with paragraph 3.14 of the Foreign Trade Policy (hereinafter referred to as the said scrip) from the whole of duty of excise leviable thereon under the Fourth Schedule to the Central Excise Act. ]- (i) the whole of the duty of excise leviable thereon under the First Schedule and the Second Schedule to the Central Excise Tariff Act, 1985 (5 of 1986); (ii) the whole of the additional duty of excise leviable thereon under section 3 of the Additional Duties of Excise (Goods of Special Importance) Act, 1957 (58 of 1957); and (iii) the whole of the additional duty of excise leviable thereon under section 3 of the Additional Dut ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cious stones; (x) Gold, silver, platinum and other precious metals in any form, including plain and studded jewellery; (xi) Ores and Concentrates, of all types and in all forms; (xii) Cereals, of all types; (xiii) Sugar, of all types and in all forms; (xiv) Crude or Petroleum oil and Crude or Petroleum based products covered under ITC HS codes 2709 to 2715, of all types and in all forms; and (xv) Export of milk and milk products covered under ITC HS Codes 0401 to 0406, 19011001, 19011010, 2105 and 3501; 5[(xvi) Export of Meat and Meat Products; (xvii) Export of Cotton; (xviii) Export of Cotton Yarn; (xix) Export which are subject to Minimum Export Price or Export Duty:] 4[Provided further that for the purpose of calcula ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... SEZ/EOU/EHTP/BTP/FTWZ products exported through DTA units] 6[(xviii) Cotton (for the paragraph 3.14.5 of the Foreign Trade Policy); (xix) 7[***] (xx) Export which are subject to Minimum Export Price or Export Duty (for the paragraph 3.14.5 of the Foreign Trade Policy) ] (b) that the benefits under this notification shall not be available to clear the items listed in Appendix 37B of the Handbook of Procedures, Volume I; (c) that the benefits under this notification shall not be available to goods or items, the imports of which are not permitted against the said scrip; (d) that the said scrip is registered with the Customs authority at the port of registration (hereinafter referred as the said Customs authority); (e) that the holde ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s of the duties leviable, but for this exemption, which were debited by the said Customs authority, and keeps a record of such clearances; (i) that the manufacturer retains a copy of the said scrip, debited by the said Customs authority and endorsed by the said Officer and duly attested by the holder of the scrip, in support of the clearance under this notification; and 9[ (j) that the said holder of the scrip, to whom the goods were cleared, shall be entitled to avail the drawback or CENVAT credit of the duties of excise leviable under the Fourth Schedule to the Central Excise Act, 1944, against the amount debited in the said scrip and validated at the time of clearance.] Explanation - For the purposes of this notification,- (A) "F ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ituted vide Not. 17/2017 - Dated 30-6-2017, w.e.f. 1st day of July, 2017 before it was read as, "In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944), read with sub-section (3) of section 3 of the Additional Duties of Excise (Goods of Special Importance) Act, 1957 (58 of 1957) and sub-section (3) of section 3 of the Additional Duties of Excise (Textiles and Textile Articles) Act, 1978 (40 of 1978), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby exempts the goods specified in the First Schedule and the Second Schedule to the Central Excise Tariff Act, 1985 (5 of 1986), when cleared against a Focus Market Scheme duty credi ..... X X X X Extracts X X X X X X X X Extracts X X X X
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