TaxTMI 
TaxTMI 
Amendments in the Handbook of Procedures (Vol.1) (RE-2008)
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....xport proceeds. The procedure prescribed in Para 4.45 shall apply, mutatis mutandis, to freely transferable duty credit scrips issued under Chapter 3 on the pre-realization basis. However for adjustment of excess / short realisation, procedure in Para 3.23.13 is to be followed." "3.23.13: (i) In case the FOB value realized in free foreign exchange is lower as per BRC, when compared to the FOB value in free foreign exchange as declared on the Shipping Bill(s) on which the original duty credit scrip was issued, excess duty credit scrip so granted earlier shall be adjusted from any future claim(s) (of any Duty Credit Scrip, including DEPB), or by way of cash deposit (TR as proof of cash deposit in the Customs Head as indicated in Para 4.29). In case there is no pending claim and there is no cash deposit towards recovery within 18 months of the issuance of duty credit scrip, then beneficiary applicant shall be declared defaulter and action under FTDR act should be initiated immediately." (ii) In case the FOB value realized in free foreign exchange is higher as per BRC, when compared to the FOB value in free foreign exchange as declared on the Shipping Bill(s) on which the original du....
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.... stand replaced by the following: 4.46 Application for obtaining credit shall be filed within a period of twelve months from the date of exports or the date of up linking of EDI shipping bill details in the DGFT website, or within three months from the date of printing / release of shipping bill, whichever is later, in respect of shipments for which claim has been filed. In case the FOB realisation in free foreign exchange is higher as per BRC than the FOB value in the shipping bill(s) on which original DEPB was issued, supplementary claim shall be filed within a period of six months from the date of realisation, in respect of shipments for which claim has been filed. 4.47 Wherever provisional shipment has been allowed by customs authorities, DEPB against such exports shall be issued only after release of shipping bill by Customs. In such cases, application for DEPB shall be filed within six months from date of release of such shipping bill. 7. Table at Sl No. 9 related to Details of Exports in ANF 4G stands replaced by the table as per Annexure I attached to this Public Notice. 8. Sl No. 4(c) in the guidelines for applicants in ANF 4G stands deleted and a new clause added as ....
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....y Central Excise authorities, as per the procedure prescribed by CBEC in their circular 15/2008-Cus. dated 26.9.2008. To facilitate attestation by Central Excise Authorities, intimation regarding receipt of goods should be given to the said authorities within 48 hours of receipt of goods. Corresponding ER-1 / ER-3 or a monthly statement confirming duty payment, attested by excise authorities." "3(d) Invoices or a statement of invoices attested by central excise authorities, as per the procedure prescribed by CBEC in their circular 15/2008-Cus. dated 26.9.2008. To facilitate attestation by Central Excise Authorities, intimation regarding receipt of goods should be given to the said authorities within 48 hours of receipt of goods. Corresponding ER-1/ ER-3 or a monthly statement confirming duty payment, attested by excise authorities, in support of details shown in DBK-III and DBK-III (A) in the format given in Appendix 35." 13. (a) In Appendix 37D, after Table 2 for Sports Goods, Fire Works and Stationery items, the following amendment is made: (i) In Table 2, against Sl. No. 17, in the column with heading "ITC (HS) Code", a new ITC (HS) code 84729010 is added, in addition to the ....
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....ands amended as follows: "Advance Authorisation or DFIA for Intermediate supply shall be issued after making Authorisation invalid for direct import of items, to be supplied by intermediate manufacturer. In such cases, a copy of the invalidation letter will be given to Authorisation holder and copy thereof will be sent to intermediate supplier as well as RA of intermediate supplier. Authorisation holder in such case has an option either to supply intermediate product to the holder of Advance Authorisation or DFIA or to export (physical / deemed) directly. Intermediate supplier can also supply the product(s) directly to the port for export by the ultimate exporter (holder of Advance Authorisation or DFIA). In such cases, shipping bill shall be in the name of the ultimate exporter with the name of intermediate supplier endorsed on it. However, once Electronic message transfer facility among the RAs becomes fully operational, sending copy of invalidation letter / ARO to jurisdictional RA shall not be required. 17. At the end of clause 3.b.1. of the Guidelines for Applicants in ANF 4F (Redemption / No Bond Certificate against Advance Authorisation), following clause shall be added: ....