HIGHLIGHT OF THE IMPORT EXPORT   Textile sector can ... (procurement of raw material / machinery from indigenous manufacturers. ... (TEE). These are Ahmedabad (Textiles), Kolhapur  page 1
HIGHLIGHT OF THE IMPORT EXPORT   Textile sector can ... (procurement of raw material / machinery from indigenous manufacturers. ... (TEE). These are Ahmedabad (Textiles), Kolhapur  page 2
HIGHLIGHT OF THE IMPORT EXPORT   Textile sector can ... (procurement of raw material / machinery from indigenous manufacturers. ... (TEE). These are Ahmedabad (Textiles), Kolhapur  page 3
HIGHLIGHT OF THE IMPORT EXPORT   Textile sector can ... (procurement of raw material / machinery from indigenous manufacturers. ... (TEE). These are Ahmedabad (Textiles), Kolhapur  page 4
HIGHLIGHT OF THE IMPORT EXPORT   Textile sector can ... (procurement of raw material / machinery from indigenous manufacturers. ... (TEE). These are Ahmedabad (Textiles), Kolhapur  page 5

HIGHLIGHT OF THE IMPORT EXPORT Textile sector can ... (procurement of raw material / machinery from indigenous manufacturers. ... (TEE). These are Ahmedabad (Textiles), Kolhapur

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    HIGHLIGHT OF THE IMPORT EXPORT POLICY

    1. EPCG ZERO (0%) DUTY CONTINUE UPTO MARCH, 2013

    2. CHAPTER 3 BENEFITS CONTINUED

    3. ADVANCE AUTHORIZATION VALID UPTO 18 MONTHS ONLY.

    EPCG Scheme

    Import of machinery

    under zero percent duty is continued upto 31st March, 2013.

    The Textile sector can

    avail 0% duty scheme, if the exporter will refund such benefit availment

    under TUFS and also they are eligible for the EPCG if the machinery is

    not covered under TUF.

    The Government has

    introduced new EPCG Scheme i.e. Post Export Duty Credit Scheme. In

    the said provision the manufacturer can pay the full duty at the time of

    import and after fulfill 85% E.O. they can apply for remittance and it is

    freely transferrable duty credit scrip.

    The Government has

    given additional incentive for the unit located in north east region such

    as Assam, Sikkim, Arunachal Pradesh etc. for import if Capital Goods

    under EPCG

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    In case of any exporter

    has availed zero percent duty EPCG Authorization during the year they

    shall not be eligible for SHIS for exports made during that particular

    year.

    CHAPTER 3

    All Incentive Schemes

    are continued such as Focus Product Scheme, Focus Market Scheme,

    VKGUY, MLFPS, SHIS and SFIS.

    Status Holder Incentive

    Scheme (SHIS) 1% claim of export machinery is continued and also

    there is no any changes in eligible sector.

    The said scheme is

    allowed only to the sector already mentioned in the Hand Book / Policy

    Book.

    The duty credit against

    all the schemes can now be utilized for payment of import as well as

    Excise duty (procurement of raw material / machinery from indigenous

    manufacturers.

    SHIS which is issued

    with AU condition and now be made transferable provided the said

    SHIS duty credit certificate is transferred to another Status Holder who

    is also a manufacturer.

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    Requirement of

    Declaration of Intend for claiming benefit under Chapter 3 is dispensed

    with immediate effect.

    Incentives for Promoting Investment in Labour Intensive Sectors

    Status holders are

    issued Status Holders Incentive Scrip (SHIS) to import Capital goods for

    promoting investment in up-gradation of technology of some specified

    labour intensive sectors like Leather, Textile & Jute, Handicrafts,

    Engineering, Plastics and Basic Chemicals. It is now decided that up to

    10% of the value of these scrips will be allowed to be utilized to import

    components and spares of capital goods imported earlier. Such a

    dispensation was not available earlier.

    Encouragement for Manufacturing Sector in Domestic Market

    The present Policy

    allows scrips under different schemes of Chater 3 of Foreign Trade

    Policy. For import of goods as per conditions of these schemes, Now

    these scrips shall be permitted to be utilized for payment of Excise Duty

    for domestic procurement. Now all scrips would be permitted to source

    from domestic market so as to encourage manufacturng, value addition

    and employment.

    7 new markets are

    being added to Focus Market Schemes (FMS). These countries are

    Algeria, Aruba, Austria, Cambodia, Myanmar, Netherland, Antilles,

    and Ukraine.

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    7 new markets are

    being added to the Special Focus Market Scheme (Special FMS). These

    countries are Belize, Chile, El Salvador, Guatemala, Honduras, Morocco

    and Uruguay.

    46 new items are being

    added to Market Linked Focus Product Scheme (MLFPS). This would

    have the effect of including 12 new markets for the first time.

    MLFPS is being

    extended till 31st March 2013 for export to USA and EU in respect of

    items falling in Chapter 61 and Chapter 62.

    110 new items are

    being added to the Focus Product Scheme (FPS) list.

    2 new items are being

    added to VKGUY. These are roasted cashew kernel, and protein

    concentrates & textured protein substances.

    3 new towns are being

    declared as Towns of Export Excellence (TEE). These are Ahmedabad

    (Textiles), Kolhapur (Textiles), and Shaharanpur (Handicrafts).

    Advance Authorization

    Value Addition against Advance Authorization is same i.e. 15% V.A.

    All licence including

    Advance Authorization is now valid upto 18 months for export. For

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    import, the licence is valid for 12 months or upto 31/03/2014 from issue

    date whichever is more.

    Duty free import of

    samples up to Rs.1.00 lakh for all exporters and Rs. 3.00 Lakhs for

    exporters of Gem & jewellery sector.

    No export

    authorization is required for supply of comet items from DTA to SEZ

    except a monthly report to be submitted by SEZ to Development

    Commissioner.

    Ratification issued by

    D.G.F.T. is now valid for 2 years instead of 1 year.

    Export House

    Policy is continued and the ceiling is same.

    100% retention of Foreign Exchange in EFC A/c has withdrawn.