Scope and coverage of goods imported under Target Plus Scheme

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....y, 2007. Sub:    Scope and coverage of goods imported under Target Plus Scheme - clarification reg.   -------------- I am directed to invite your attention to the above mentioned subject.  The Target Plus Scheme (TPS) for the Star Export Houses was introduced in the Foreign Trade Policy (FTP) which came into force on 01.9.2004. Under the scheme the exporter gets e....

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....the trade that some exporters had obtained duty credit certificates against exports of rice and using these certificates they have imported almonds which, after removal of the shells, have been sold in the market without payment of duty.  As dry fruits / almonds cannot be used in the processing / manufacture of rice, it is  alleged that the condition of 'broad nexus' stipulated in the Ha....

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....Para 3.2.5 (II) of the HBP is to facilitate the search for "inputs" and "use" and any interpretation so as to dissociate the import from the "inputs" and "use" in the export goods would make it ultra vires the FTP.  The MOL has further stated that the words "inputs" and "use" can not be brushed aside and have to be in focus for the intended import.  Together these words indicate that the....

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....; 4.In the light of this, the Ministry of Law has clarified that the holder of TPS certificate is permitted to import an item under the TPS and get the same processed into possible resultant products only if the same has a 'broad nexus' with the product group as an input in the export product and is required to be used as an input in the product exported for which TPS benefit is sought.  T....