TaxTMI 
TaxTMI 
PROMOTIONAL MEASURES
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.... For renewals, application filed before expiry of current validity, renewals shall have a validity commencing from 1stApril of next licensing year, otherwise validity period shall be 1stApril of year during which application was filed. 1All Status Certificates shall be valid for a period of 5 years reckoned from the 1st April of the relevant year. All Status Certificates valid beyond 31.3.2009 shall continue to remain in force, in case provisions of Foreign Trade Policy (2009-14 continue to recognize the status. Pending the finalization of the applications for grant of recognition, existing status holders who have applied for recognition before the expiry of their status, shall have a grace period of 6 months. During this grace period of 6 months such status holders shall continue to be recognized as Status holders even after the expiry of earlier Status Certificate i.e. till September end, unless their applications are finally rejected or recognition granted as once again the case may be. 3.2.3 Deleted To 3.2.5 Maintenance of Accounts 3.3 Status holder shall maintain true and proper accounts of its exports and imports based on which such recognition has been granted. Record ....
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.... 2. Export proceeds realization of clients; 3. Issuance of Foreign Equity through ADRs / GDRs or other similar instruments; 4. Issuance of foreign currency Bonds; 5. Sale of securities and other financial instruments; 6. Other receivables not connected with services rendered by financial institutions; and II. earned through contract / regular employment abroad (e.g. labour remittances); (b) Payments for services received from EEFC Account; (c) Foreign exchange turnover by Healthcare Institutions like equity participation, donations etc. (However, remittances received on account of medical treatment, surgery, testing, consultancy and health care provided by the institution shall be eligible); (d) Foreign exchange turnover by Educational Institutions like equity participation, donations etc. (However remittances received on account of the course fees and consultancy provided by the institution shall be eligible); (e) Export turnover relating to services of units operating under SEZ / EOU / EHTP / STPI / BTP Schemes or supplies of services made to such units; (f) Clubbing of turnover of services rendered by SEZ / EOU / EHTP / STPI / BTP units with turnover of DTA Service Pr....
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....e;-vis the total eligible claims of all the status holders put together, received for each half year (Apr-Sep 2007 / Oct-Mar 2008) period, in such a way that the total benefits granted for all status holders put together does not exceed the limit prescribed for each half year in Para 3.8.6 of FTP (RE2007). Accordingly if the total eligible claim of all the status holders put together is, say, Rs 200 Cr, each applicant status holder would be granted one-fourth of the claim an applicant is eligible for. FOCUS MARKET SCHEME (FMS) 3.20 Policy pertaining to FMS is given in Chapter 3 of FTP. Notified Markets are listed in Appendix 37C. 3.20.1 An application for exports made during 2006-07 and exports made during 2007-08 shall be filed separately, with RA concerned in ANF 3D along with documents prescribed therein. An application shall contain no more than 50 shipping bills. For exporter with more than 50 shipping bills in one year, multiple applications can be filed and supplementary cut (Para 9.4 of HBP v1) shall not be applicable. Shipments from EDI Ports and Non-EDI Ports cannot be clubbed in one application. Port of registration for EDI enabled ports shall be any one EDI port o....
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.... application. Port of registration for EDI enabled ports shall be any one EDI port of exports, as per the choice of the applicant. In case of exports through non-EDI port, the port of registration shall be the relevant non EDI port of exports. Accordingly separate application shall be filed for each non EDI port. Last date for filing application shall be 6 months from the date of realization. Eligibility of Focus Market (as in Appendix 37C) shall be determined from date of export as per Para 9.12 of HBP v1. However, exports for which realizations have already been received till the date of this Public Notice, the last date of filing application shall be 30.7.2008. 3.21.2 For direct as well as third party exports, the Export documents viz Export Order, Invoice, GR form, Bank Realization Certificate should be in the name of applicant only. 3.21.3 Duty Credit scrip shall be granted on FOB value realized as per BRC / FIRC. 3.21.4 to Deleted 3.21.8 3.22 HIGH-TECH PRODUCTS EXPORT PROMOTION SCHEME (HTPEPS) 3.22.1 Policy pertaining to HTPEPS is given in Chapter 3 of FTP. Notified High Tech Products are listed in Appendix 37E. 3.22.2 4In case the applicant wishes to avail th....
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....houses subject to fulfillment of paragraph 2.28 of FTP and terms and conditions of DoR notification. Re-export of defective / unfit goods 3.23.6 Goods imported and are found defective or unfit for use, may be re-exported, as per DoR guidelines. Where Duty Credit scrip has been used for imports, Customs shall issue a certificate containing particulars of scrip used, date of import of re-exported goods and amount debited while importing such goods. Based on this certificate, upon application, a fresh Scrip shall be issued by concerned RA to the extent of 98% of debited amount, with same port of registration and valid for a period equivalent to balance period available on date of import of the defective / unfit goods. Validity Period & Revalidation 3.23.7 Duty Credit scrip shall be valid for a period of 24 months. Revalidation of Duty Credit scrip shall not be allowed. --------------------------------------------- Note : 1. Has been replaced vide Public Notice No.40 (RE-2007)/2004-2009 dated 30/8/2007 before it was read as, "However all Status Certificates shall lapse on 31.03.2009." 2. Has been replaced vide Public Notice NO. 103/2007 dated 17/01/2008 before it was read a....
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....hipment has not been included in earlier claim. In case supplementary claim is filed late, late cut shall also be imposed. This shall apply even to exports made w.e.f 1.4.2006. The above procedure shall be applicable only in respect of EDI enabled ports. However, in case of exports through non-EDI ports, separate application shall be filed consolidating all shipments for each port. Such application for non-EDI shipments shall not be treated as supplementary application even if periodicity (Apr-Sept or Oct- Mar periods) is repeated." Above has been inserted vide Public Notice No. 73/2007 dated 24/10/2007 3. Has been substituted vide Public Notice No. 103/2007 dated 17/01/2008 before it was read as, "Last date for filing application shall be 6 months from the date of realization or date of export in case of advance payment. Date of export shall be determined as per Para 9.12 of HBP v1. However for application filed as per procedure prescribed now, last date shall 30.7.2008, for exports from 1.4.2007 till 31.1.2008. The above changes shall apply to FPS applications for exports made during 2006-07, for which the last date of filing is extended till 30.7.2008. The above shall n....