9911796707
TMI BlogIntroduction of new paras in Chapter 4 of Handbook of Procedures, 2023X X X X Extracts X X X X X X X X Extracts X X X X ..... ter 4 of Handbook of Procedures, 2023. >In exercise of powers conferred under Paragraph 1.03 and 2.04 of the Foreign Trade Policy, 2023, as amended from time to time, the Director General of Foreign Trade hereby makes the following amendments in Chapter 4 of the Handbook of Procedures 2023: >1. New paras may be added to the HBP 2023, as follows: >4.94 Filing of Application for Diamond Imp ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Para 2.52 (d) of FTP 2023, shall not be applicable to this scheme. >v. Deemed exports are not allowed under this scheme. >vi. Before clearance of goods through Customs, the holder of Diamond Imprest Authorisation (DIA) shall execute a Bond equal to the export obligation of DIA along with a performance Bank Guarantee of an amount equivalent to the duty foregone, with concerned Customs Authori ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d Imprest Authorisation holder subject to condition of paragraph 4.10 of this Handbook or by jobber / supporting manufacturer, provided same is endorsed on authorisation by Regional Authority. The facility of Co-licensee is not available for the DIA. >vi. Goods exported under Diamond Imprest Authorisation may be re-imported in same or substantially same form subject to such conditions as may be ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... >(i). The DIA holder shall, for regularization, pay to Customs Authorities, Customs duty on unutilized value of imported material along with interest as notified by DoR. DIA holder shall pay Customs Duty along-with applicable interest online through ICEGATE Payment Gateway. >(ii). Authorisation holder shall also be required to pay an amount equivalent to 1% of the shortfall in FOB value in In ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
