2003-04 EXIM Policy – Changes made in Advance License, DFRC, EPCG, DEPB and DEEC Schemes, etc. – reg

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....ders and service providers with a view to augment foreign exchange earnings. Details of the new schemes introduced and changes made in the existing schemes are as follows. 2.1 Duty Free Entitlement Credit Certificate to Status holders In terms of Para 3.7.2.1 (vi) of the EXIM Policy, duty free import of capital goods, office equipments, raw materials, parts, consumables etc. other than agricultural and dairy products have been permitted to status holders (i.e. to say Export House, Trading House etc.) who show incremental exports of more than 25% in FOB value of exports during financial year 2002-03 as compared to financial year 2001-02. Such exporters (both manufacturer exporters and merchant exporters) would be issued Credit Entitlemen....

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....ted at the notified places shall send a monthly report containing details of CIF value of goods imported and amount of duty foregone under the Scheme on the 10th of the succeeding month to JS(DBK). Customs Notification No.53/2003-Cus. dated 1.4.2003 refers in this regard. The first such report shall be sent by 10th May, 2003. 2.1 Duty Free Certificate Entitlement Credit Certificate to SERVICE PROVIDERS In terms of Para 3.8 of EXIM Policy, service providers (other than hotels) have been permitted duty free import of spares, office equipments and furniture, professional equipments and consumables but excluding agricultural and dairy products. Such duty free entitlement shall be equivalent to 10% of the average foreign exchange earned by t....

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....ucceeding month to JS(DBK). Customs Notification No.54/2003-Cus. dated 1.4.2003 refers in this regard. The first such report shall be sent by 10th May, 2003. 2.3 Advance License Scheme Advance License Scheme is contained in Chapter 4 and Paras 4.1 And Paras 4.1.1 to 4.1.7A of the EXIM Policy. The Advance License Scheme announced in 2002-07 Policy (on 31.3.2002) has been continued in the same form. In order to facilitate Status holders (Export House, Trading House etc.) Advance License Scheme for annual requirement has been re-introduced. This Scheme is similar to the scheme which was announced in 1997-2002 EXIM Policy in the year 1999 (vide Customs Notification No.48/99 dated 29.4.99 and DOR Circular No.45/99-Cus. dated 19.7.99). Under ....

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....ied invoice number and date with value of supplies in Indian rupees. All other conditions of the DFRC Scheme remain unchanged. In order to monitor revenue outflow under DFRC scheme, the concerned Custom Houses shall send a monthly report containing details of CIF value of goods imported and amount of duty foregone under the Scheme on the 10th of the succeeding month to JS(DBK). The first such report shall be sent by 10th May, 2003. Sr.No.3 of Customs Notification No.57/2003-Cus. dated 1.4.2003 refers in this regard. 2.5 Duty Entitlement Pass Book (DEPB) Scheme DEPB Scheme announced in 2002-07 EXIM Policy has been continued. In this regard earlier Customs Notification No.45/2002-Cus. dated 22.4.2002 and DOR Circular No.24/2002-Cus. dated....

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....cated, import against such DEPB scrips shall be permitted either from the same Custom House or from any other place notified in DEPB Custom Notification No.45/2002 against TRA in terms of para 6 of DOR Circular No.85/99-Cus. dated 23.12.99 and also in terms of DOR Circular No.66/2001-Cus. dated 19.11.2001 when the Custom House of receiver SEZ unit is a non-notified place. For this purpose, both Commissioner Incharge of Customs House (who issues TRA) and the Custom House receiving the TRA shall follow the procedure as specified in DOR Circular No.66/2001. Sr.No.2 of Customs Notification No.57/2003-Cus. dated 1.4.2003 refers in this regard. All other parameters of the DEPB Scheme shall remain unchanged. 2.6 Export Promotion Credit Guarante....