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TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY
(PART-I, SECTION-1)
GOVERNMENT OF INDIA
MINSITRY OF COMMERCE AND INDUSTRY
DEPARTMENT OF COMMERCE
DIRECTORATE GENERAL OF FOREIGN TRADE
PUBLIC NOTICE NO. 76/(RE-2006)/2004-2009
NEW DELHI, DATED THE 18th December, 2006
In exercise of powers conferred under Paragraph 2.4 of the Foreign Trade Policy 2004-2009, the Director General of Foreign Trade hereby makes the following amendments in the Handbook of Procedure (Vol. I):
1. Paragraph 3.20.1 is amended to read as follows:
A single consolidated application for all exports through EDI enabled ports shall be filed by the Head Office in case of Proprietorship and Partnership firms and Registered Office/ Corporate Office in case of Private Limited and Public Limited Companies to the concerned Regional Authority in the Aayaat Niryaat Form along with the documents prescribed therein for grant of duty credit under Focus Market Scheme. The application shall be filed on a six monthly basis, i.e. April– September and October – March where realization has been made during the period of application. Exports made on or after 01.04.2006 shall be eligible for the benefits. In case of Advance Payment, date of exports shall be taken into account for inclusion in the period of application.
The application for claiming duty credit under the scheme shall be submitted within a period of six months from the last date of the period of the application (i.e. for the period of application April’06 to September’06, the last date of application shall be 31st March 2007).
2. Paragraph 3.20.3 is amended to read as follows:
The applicant shall be required to submit a proof of landing of the export consignment in the specified market.
The duty credit entitlement certificate shall be granted on FOB value realized as per BRC/ FIRC. In cases where the applicant applies for the credit entitlement certificate after realization or shipments are made against irrevocable letter of credit or bill of exchange is unconditionally Avalised / Co-Accepted / Guaranteed by a bank and the same is confirmed by the exporters bank and certified by the bank in the relevant Bank certificate of Export and Realization, the credit entitlement certificate shall be issued with transferable endorsement.
3. Paragraph 3.20.4 is amended to read as follows:
The duty credit entitlement certificate shall be issued with a single port of registration. The port of registration shall be one of the ports, from which the exports have been made. However, the applicant may use the duty credit scrip for imports through any other port (that includes ICD/LCS) after obtaining TRA from the port of registration.
4. The application form for Focus Market Scheme in the Aayaat Niryat Form is annexed as annexure A.
This issues in Public interest.
Sd/-
(B.S MEENA)
DIRECTOR GENERAL OF FOREIGN TRADE and
EX-OFFICIO ADDITIONAL SECRETARY TO THE GOVT. OF INDIA
(Issued from File No.01/94/180/0422/AM07/PC-I)
Annexure
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