TaxTMI 
TaxTMI 
Scope and coverage of goods imported under Target Plus Scheme clarification
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....lic Notice No. 22/2007 Sub : Scope and coverage of goods imported under Target Plus Scheme clarification reg. Attention of importers, exporters, CHAs and trade in general is drawn to Circular No. 21/2007 Cus, dt. 08.05.2007 issued by the Ministry / CBEC on the subject mentioned above. 1. The Target Plus Scheme (TPS) for the Star Export Houses was introduced in the Foreign Trade Policy (FT....
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.... 2. It has been brought to the notice of the Ministry by 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 co....
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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 item sought to be impor....
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....rified that the holder of TPS certificate is permitted to import and 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. The Ministry of Law has also clarified that the term broad nexus....