FOCUS MARKET SCHEME

[Vidya Sagar Jha]

Dear Sir,

We have a shipment to Republic of Congo. (Focus Market Code : A 047 & Focus Country Code : 459)

Kindly advice what is the processor to get benefit of Focus Market Scheme (2.5% of FOB). Anything has to done at the time of shipment or will be get through post shipment Application.

Urgently advice me accordingly.........

AI Summary

Focus Market Scheme: online ANF application with prescribed export proof enables issuance and utilisation of duty credit scrip.
Claims under the Focus Market Scheme must be filed online in ANF 3D with DGFT, attaching RCMC, IEC, customs attested ARE 1, invoice, packing list, original shipping bill, AWB/Bill of Lading, proof of landing in the focus market and a disclaimer certificate. Claims may be submitted with a Bank Realisation Certificate or, alternatively, with a Letter of Undertaking. After online transmission and DGFT licence issuance, Customs verification is required and the issued RA licence can be utilised for import duty payment.