DFRC licence for Deemed Export introduced under the EXIM policy 2004-2009 with effect from 31.08.2004

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..... Sub.:- DFRC licence for Deemed Export introduced under the EXIM policy 2004-2009 with effect from 31.08.2004. Attention of all Importers, Exporters, CHAs and members of the Trade is invited to the provisions regarding Verification of DFTC licences for deemed Export. 1. With effect from 31.08.2004 para 4.2.2 of EXIM policy 2004-2009 has introduced DFRC Licence for Deemed Export. 2. As .....

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..... e in lieu of excise certification. ii) Payment certificate from the project in the form given in Appendix-12A. In the case of Advance Licence for Intermediate Supplies/deemed Exports supplies to the EOUs/EHTPs/BTPs, documentary evidence from the bank substantiating the relaisation of proceeds from the Licence holder or * EOUs/EHTps/STPs/BTPs, as the case may be, through the normal banking chann .....

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..... of procedure Customs is required to verify the DFRC licence before allowing import against the licence. 5. For the verification DFRC licence of Deemed Export, besides the documents mentioned at Para 2, a statement/certificate in original, from the concerned Central Excise range confirming the supplies made against the licence shall be insisted upon. In case of any discrepancy clarification may .....

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