Error correction in Focus Product Scheme (FPS) for export of “Other -Brakes and Servo Brakes and Part thereof” mentioned at Sl. No. 608 of Appendix 37D as notified vide Public Notice 3 dated 05.06.2012 of Foreign Trade Policy 2009-2014
📋
Contents
Cases Cited
Referred In
Notifications
Circulars
Forms
Manuals
Acts
Rules & Regulations
Case Laws New
Ref Provisions New
Plus +
Source NTF
Summary
Similar
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Focus Product Scheme correction: FPS incentives allowed for 'Other Brakes and Servo Brakes' exports despite prior HS code mismatch. The notice corrects the ITC(HS) code for 'Other - Brakes and Servo Brakes and Part thereof' in Appendix 37D and provides that FPS incentives will be treated as valid for exports described as that item even if reported under the earlier incorrect HS code for shipments prior to the correction's issuance. From the correction onward, description and ITC(HS) code must match for incentive entitlement, and Regional Authorities must review and recover incentives wrongly granted where the description did not correspond.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Focus Product Scheme correction: FPS incentives allowed for 'Other Brakes and Servo Brakes' exports despite prior HS code mismatch.
The notice corrects the ITC(HS) code for "Other - Brakes and Servo Brakes and Part thereof" in Appendix 37D and provides that FPS incentives will be treated as valid for exports described as that item even if reported under the earlier incorrect HS code for shipments prior to the correction's issuance. From the correction onward, description and ITC(HS) code must match for incentive entitlement, and Regional Authorities must review and recover incentives wrongly granted where the description did not correspond.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.