DFIS- Intimation of New Application for EPC& IC – to be effective 1st April 2008

EPC/IC/2008-09                                                                             March 4, 2008

All Registered Manufacturer-Exporter Members of the Council

Dear Member,

Sub : DFIS- Intimation of New Application for EPC& IC – to be effective 1st April 2008 – reg.

The Council has made some changes in the Application for the Export Performance Certificate (EPC) and Import Certificate (IC) towards availing the 3% Duty Free Import Scheme of the Government of India for which CLE is the implementing Agency. These changes have been instituted in accordance with recommendations made by the Audit firm which audited the DFI Scheme. All applications for assistance filed on or after 1st April 2008’ shall be only in the new format for EPC & IC attached herewith.

Guidelines for Availing for the 3% DFI Scheme:

• As per Customs Notification No.21/2002-Customs dated March 1, 2002, as amended from time to time, Manufacturer Exporters of Leather Garments/Leather Goods/ Leather Gloves/ Leather Footwear/Footwear Components and Saddlery & Harness registered with the Council for Leather Exports (CLE) are eligible to avail the facility of the Duty Free Import Scheme (DFIS) from CLE, by which they will be entitled to import, free of Duty certain specified inputs up to a value of 3% of the FOB Export Value realized the previous financial year.



• FOB Export value will be considered only to the extent of the export of goods manufactured & exported by the member-exporter under consideration. Any turnover accruing from trading operations cannot be included in the ‘Export Performance’ to be considered for availing 3% Duty Free Import.



• For availing the Export Performance Certificate, the member-exporter has to submit to the Council in soft copy, the details of their export realization by giving the Invoice Number & Date, Product Exported, Realized Amount & Date of Realization, and Bank Details in Excel Sheets either via e-mail or in CD format. This is in addition to submitting the Hard Copy duly signed by the Exporter and countersigned by the Banker and Charted Accountant (for EPC Application) to the respective Regional Offices of the Council.



• The Value of the Export Performance Certificate for a particular product category for any single member-exporter can be revised only once during the financial year.



• To avail Import Certificates (IC), the previous IC duly customs-endorsed has to be returned to the Council. Non-surrender of previous IC will entail non-issue of subsequent IC.

To enable Members to seek clarifications required in connection with the EPC & IC Applications, the Regional Offices of the Council will organize Interactive Meetings with Members during the 3^rd or 4^th week of March 2008. Members will be informed of the exact Date & Venue for these interactive Meetings in due course.

With regards,

Dr. K. Elangovan
Executive Director