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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Foreign Trade Policy Update: New Clause 8.3.1 Allows Deemed Export Benefits; Deadlines for Claims Specified in 8.6(ii) and 8.6.1.</h1> The Director General of Foreign Trade has amended the Handbook of Procedures, Vol. I, 2004-2009, under the Foreign Trade Policy. A new clause, 8.3.1, allows deemed export benefits to suppliers if the recipient does not claim CENVAT credit. Amendments to sub-paragraphs 8.6(ii) and 8.6.1 specify deadlines for filing claims related to supplies, either upon payment receipt or proof of supply, within six months. Appendix 12(B) now requires a self-declaration from recipients regarding CENVAT credit non-availment and excise registration details. These changes aim to streamline procedures and ensure compliance with trade policies.
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