SFIS Scrip

[Asked by Guest]

Dear All,

We have a Travel agency in Jaipur and have been exporting services from last 8 years. Last year we got SFIS scrip, Served From India Scheme from the DGFT by which we can either import any capital goods without paying the import duty or get the exemption of excise duty if the goods is produced domestically.

Please help us in importing a car or getting the excise exemption if we go for domestic marks.

Thanks

Narendra SINGH

[YAGAY and SUN]

Dear Narendra Singh,

Please check para 3.12 of the FTP 2009-2014 read with para 3.6 HBP 2009-2014 and the Form No. ANF 3B along with documents in this regard.

Regards,

YAGAY and SUN

(Management, Business & Indirect Tax Consultants)

Dear Sir,

Can you please elaborate both the para, as we are not able to understand them clearly.

AI Summary

Served From India Scheme eligibility for capital goods import or excise exemption on vehicles requires policy and procedural compliance.
The query asks whether an SFIS scrip can be used to import a car as a capital good or to claim excise exemption on a domestically produced vehicle, noting that SFIS permits either duty-free import of capital goods or excise exemption for domestic manufacture. The correspondent was directed to consult para 3.12 of the Foreign Trade Policy, para 3.6 of the Handbook of Procedures, and the prescribed application form and supporting documents to determine eligibility, definitions of capital goods, and requisite documentation and procedural compliance.