CIF valuation rule for advance licences now includes deemed export FOR value and revised value-addition norms apply. The Handbook (Vol.1) amendment requires that CIF valuation for Advance Licence for deemed exports/intermediate supply include deemed export performance of the preceding year (FOR value) in addition to FOB of preceding-year physical exports. Appendix 28-A corrects a DEPB cap to Rs. 0.85 per piece and revises an engineering product description. Appendix 39 sets value-addition at 33% or the Handbook (Vol.2) percentage, whichever is higher, for exports to the Russian Federation funded from Special Rupee Accounts involving duty-free imports. Appendix 51B adds an Assistant Director (Marketing) post in Saharanpur.
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CIF valuation rule for advance licences now includes deemed export FOR value and revised value-addition norms apply.
The Handbook (Vol.1) amendment requires that CIF valuation for Advance Licence for deemed exports/intermediate supply include deemed export performance of the preceding year (FOR value) in addition to FOB of preceding-year physical exports. Appendix 28-A corrects a DEPB cap to Rs. 0.85 per piece and revises an engineering product description. Appendix 39 sets value-addition at 33% or the Handbook (Vol.2) percentage, whichever is higher, for exports to the Russian Federation funded from Special Rupee Accounts involving duty-free imports. Appendix 51B adds an Assistant Director (Marketing) post in Saharanpur.
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