9911796707
TMI BlogClarification with respect to amendments to Customs and Central Excise notifications for EOUsX X X X Extracts X X X X X X X X Extracts X X X X ..... y (FTP), 2015-2020, as amended, as well as to remove redundancies that had crept in over the time on account of changes/supersession of certain other notifications mentioned therein and legal developments such as the introduction of GST and exempting the EOUs from the application of the Customs warehousing provisions. These amendments have been carried out by Notifications No. 79/2018 Customs and No. 23/2018- Central Excise, both dated 05.12.2018. Further, the B-17 Bond (General Surety/Security) being submitted by the EOUs has been similarly updated vide Notification No. 1/2018-Central Excise (N.T.), dated 05.12.2018. Notification No. 52/2003-Customs, dated 31.03.2003 amended by Notification No. 79/2018-Customs, dated 05.12.2018 2. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y EOUs on the gold or silver content in the scrap, dust or sweeping cleared to DTA or for payment of duty by nominated agencies in case of failure of export in specified time frame. (iii) removing the reference to old DGFT Policy Circular No. 77(RE) 2003-2004/9, dated 31.03.2009. (iv) prescribing that wastage norms for manufacture of jewellery of gold/silver/platinum would be directly governed by the provisions of the FTP and Handbook of Procedures. (v) replacing the references to old FTP, 2004-2009 by the new FTP, 2015-2020 and its Appendix. (vi) replacing the reference to outdated Notification No. 106/58- Customs, dated 29.03.1958 by the presently applicable Notification No. 36/2017-Customs, dated 30.06.2017. (vii) removing ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ticles) Act, 1978 (40 of 1978) these Acts are not in existence post-GST. (b) modification of clauses (a) to (e) of the opening para of the said notification to allow procurement of excisable goods falling under the Fourth Schedule to the Central Excise Act, 1944 (1 of 1944). Also, Annexures I, II, IV and V of the said notification which listed various excisable goods that were allowed to be procured indigenously without payment of Excise duties have been removed as post GST, most of the goods now fall under GST. (c) continuation of the facility extended to the EOUs engaged in processing or manufacture of articles of granite, processing of agricultural products and production or manufacture or packaging of goods in horticulture, agricu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 5A, 6 and 7A of the Table which have been omitted by Notification No. 16/2017-Central Excise, dated 30.06.2017. (b) removal of the reference to Duty Free Replenishment Certificate (DFRC), which has been replaced by Duty Free Import Authorization (DFIA). (c) removal of the condition that the goods cleared to the DTA must be similar to those exported and also removal of the cap of 50% on DTA sale in line with the present FTP, 2015-2020. (d) replacing the references to the old FTP, 2004-2009 with the new FTP, 2015-2020. Notification No. 24/2003-Central Excise, dated 31.03.2003 amended by Notification No. 23/2018--Central Excise, dated 05.12.2018 5. The Notification No. 24/2003-Central Excise dated 31.03.2003 provides for exe ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
