Clarification on the applicability of 3% amount on account of non-achievement of minimum Value Addition as mentioned in para 4.49 (b) and amount equivalent to 10% of the CIF value in Para 4.49 (a) (ii) of HBP 2023

Clarification on the applicability of 3% amount on account of non-achievement of minimum Value Addition as mentioned in para 4.49 (b) and amount equivalent to 10% of the CIF value in Para 4.49 (a) (ii) of HBP 2023 https://www.taxtmi.com/circulars?id=67378 The deposit requirements in Paragraphs 4.49(a)(ii) and 4.49(b) of the Handbook of Procedures, 2023 - namely the deposit equivalent to 10% of CIF value and the 3% shortfall amount - apply only to Advance Authorizations issued on or after 01.04.2023; Advance Authorizations issued prior to that date continue to be governed by the provisions of the Handbook under which they were originally issued, and this clarification does not entitle applicants to refunds of fees already paid. en-us Fri, 03 May 2024 00:00:00 +0530 Sat, 04 May 2024 11:13:00 +0530 TaxTMI RSS Generator Clarification on the applicability of 3% amount on account of non-achievement of minimum Value Addition as mentioned in para 4.49 (b) and amount equivalent to 10% of the CIF value in Para 4.49 (a) (ii) of HBP 2023 https://www.taxtmi.com/circulars?id=67378 The deposit requirements in Paragraphs 4.49(a)(ii) and 4.49(b) of the Handbook of Procedures, 2023 - namely the deposit equivalent to 10% of CIF value and the 3% shortfall amount - apply only to Advance Authorizations issued on or after 01.04.2023; Advance Authorizations issued prior to that date continue to be governed by the provisions of the Handbook under which they were originally issued, and this clarification does not entitle applicants to refunds of fees already paid. Circulars DGFT Fri, 03 May 2024 00:00:00 +0530 https://www.taxtmi.com/circulars?id=67378