9911796707
TMI BlogRegarding Exemption under Agri. Infrastructure Incentive Scrip.X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 capital goods specified in the Table annexed hereto, when cleared against an Agri. Infrastructure Incentive Scrip duty credit scrip issued to an exporter by the Zonal Office, Central Licensing Area, New Delhi in accordance with paragraph 3.13.4 of the Foreign Trade Policy (hereinafter referred to as the said scrip) under Vishesh Krishi and Gram Udyog Yojana (Special Agriculture and Village Industry Scheme) from,- (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) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rance of the items listed in Appendix 37B of the Hand Book 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 scrip shall be non-transferable: Provided that the scrip shall be transferable amongst Status Holders for procurement of Cold Chain equipment: Provided further that the scrip shall be transferable for procurement of Cold Chain equipment by units in a Food Park recognized by the Ministry of Food Processing Industries. The term 'units' shall not include developers; 1[Provided also that the said scrip shall be transferable by the status holder, to whom it was issued, to its supporting manufact ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d scrip and also mentions the necessary details thereon, updates its own records and sends written advice of these actions to the said Officer; (j) that at the time of clearance, the holder of the scrip presents the said scrip debited by the said Customs authority to the said Officer along with an undertaking addressed to the said Officer that- (A) in case of any amount short debited in the said scrip he shall pay on demand an amount equal to the short debit, along with applicable interest.; (B) he shall comply with the actual user condition and also utilize the capital goods as per sub-paragraph (d) of paragraph 3.13.4 of the Foreign Trade Policy and that in case of non compliance of these conditions he shall pay on demand an amount ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... edures Volume 1" means the Handbook of Procedures Volume 1, 2009-14, published by the Government of India in the Ministry of Commerce and Industry, vide Public Notice No. 01 (RE 2012)/2009-2014, dated the 5th June, 2012. (C) "Status Holder" means the person having status category of 'Export House' or 'Star Export House' or 'Trading House' or 'Star Trading House' or 'Premier Trading House', as the case may be, as mentioned in para 3.10.2 of the Foreign Trade Policy. Table Sl. No. Description 1 Cold storage units (including Controlled Atmosphere and Modified Atmosphere Stores); Precooling Units and Mother Storage Units for Onions. 2 Pack Houses; the Pack House equipments notified in Appendix 37 F of Hand Book of Procedures Volume 1, ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
