Members
of the Council.
Sub :
Transferability of DFIA
Dear
Member,
As you
are kindly aware, a condition was imposed in Para 4.4.6 in Chapter 4 of the
Annual Supplement 2007-08 to the Foreign Trade Policy 2004-09 concerning DFIA
license as per which transfer of DFIA license was subject to payment of
applicable additional customs duty/central excise duty.
Considering
the financial loss suffered by the exporters on account of the imposition of the
above transferability condition in DFIA, the Council took-up the issue with DGFT
requesting for waiving the condition. This issue was also followed-up by the
Council with DGFT at various forums.
We are
pleased to inform you that the DGFT has now issued a Notification No.
49(RE-2007)/2004-2009 dated 14.11.2007, exempting cases where CENVAT facility
has not been availed from payment of additional customs duty/excise duty upon
transfer of DFIA. A copy of the said Notification is attached herewith for your
information and reference.
With
regards
Dr.
K. Elangovan
Executive
Director
COUNCIL
FOR LEATHER EXPORTS
