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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    12-Apr-2018

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<ul><li><p>1 </p><p>HIGHLIGHT OF THE IMPORT EXPORT POLICY </p><p> 1. EPCG ZERO (0%) DUTY CONTINUE UPTO MARCH, 2013 </p><p> 2. CHAPTER 3 BENEFITS CONTINUED </p><p>3. ADVANCE AUTHORIZATION VALID UPTO 18 MONTHS ONLY. </p><p>EPCG Scheme </p><p> Import of machinery </p><p>under zero percent duty is continued upto 31st March, 2013. </p><p> The Textile sector can </p><p>avail 0% duty scheme, if the exporter will refund such benefit availment </p><p>under TUFS and also they are eligible for the EPCG if the machinery is </p><p>not covered under TUF. </p><p> The Government has </p><p>introduced new EPCG Scheme i.e. Post Export Duty Credit Scheme. In </p><p>the said provision the manufacturer can pay the full duty at the time of </p><p>import and after fulfill 85% E.O. they can apply for remittance and it is </p><p>freely transferrable duty credit scrip. </p><p> The Government has </p><p>given additional incentive for the unit located in north east region such </p><p>as Assam, Sikkim, Arunachal Pradesh etc. for import if Capital Goods </p><p>under EPCG </p></li><li><p>2 </p><p> In case of any exporter </p><p>has availed zero percent duty EPCG Authorization during the year they </p><p>shall not be eligible for SHIS for exports made during that particular </p><p>year. </p><p>CHAPTER 3 </p><p> All Incentive Schemes </p><p>are continued such as Focus Product Scheme, Focus Market Scheme, </p><p>VKGUY, MLFPS, SHIS and SFIS. </p><p> Status Holder Incentive </p><p>Scheme (SHIS) 1% claim of export machinery is continued and also </p><p>there is no any changes in eligible sector. </p><p> The said scheme is </p><p>allowed only to the sector already mentioned in the Hand Book / Policy </p><p>Book. </p><p> The duty credit against </p><p>all the schemes can now be utilized for payment of import as well as </p><p>Excise duty (procurement of raw material / machinery from indigenous </p><p>manufacturers. </p><p> SHIS which is issued </p><p>with AU condition and now be made transferable provided the said </p><p>SHIS duty credit certificate is transferred to another Status Holder who </p><p>is also a manufacturer. </p></li><li><p>3 </p><p> Requirement of </p><p>Declaration of Intend for claiming benefit under Chapter 3 is dispensed </p><p>with immediate effect. </p><p> Incentives for Promoting Investment in Labour Intensive Sectors </p><p> Status holders are </p><p>issued Status Holders Incentive Scrip (SHIS) to import Capital goods for </p><p>promoting investment in up-gradation of technology of some specified </p><p>labour intensive sectors like Leather, Textile &amp; Jute, Handicrafts, </p><p>Engineering, Plastics and Basic Chemicals. It is now decided that up to </p><p>10% of the value of these scrips will be allowed to be utilized to import </p><p>components and spares of capital goods imported earlier. Such a </p><p>dispensation was not available earlier. </p><p> Encouragement for Manufacturing Sector in Domestic Market </p><p> The present Policy </p><p>allows scrips under different schemes of Chater 3 of Foreign Trade </p><p>Policy. For import of goods as per conditions of these schemes, Now </p><p>these scrips shall be permitted to be utilized for payment of Excise Duty </p><p>for domestic procurement. Now all scrips would be permitted to source </p><p>from domestic market so as to encourage manufacturng, value addition </p><p>and employment. </p><p> 7 new markets are </p><p>being added to Focus Market Schemes (FMS). These countries are </p><p>Algeria, Aruba, Austria, Cambodia, Myanmar, Netherland, Antilles, </p><p>and Ukraine. </p></li><li><p>4 </p><p> 7 new markets are </p><p>being added to the Special Focus Market Scheme (Special FMS). These </p><p>countries are Belize, Chile, El Salvador, Guatemala, Honduras, Morocco </p><p>and Uruguay. </p><p> 46 new items are being </p><p>added to Market Linked Focus Product Scheme (MLFPS). This would </p><p>have the effect of including 12 new markets for the first time. </p><p> MLFPS is being </p><p>extended till 31st March 2013 for export to USA and EU in respect of </p><p>items falling in Chapter 61 and Chapter 62. </p><p> 110 new items are </p><p>being added to the Focus Product Scheme (FPS) list. </p><p> 2 new items are being </p><p>added to VKGUY. These are roasted cashew kernel, and protein </p><p>concentrates &amp; textured protein substances. </p><p> 3 new towns are being </p><p>declared as Towns of Export Excellence (TEE). These are Ahmedabad </p><p>(Textiles), Kolhapur (Textiles), and Shaharanpur (Handicrafts). </p><p> Advance Authorization </p><p> Value Addition against Advance Authorization is same i.e. 15% V.A. </p><p> All licence including </p><p>Advance Authorization is now valid upto 18 months for export. For </p></li><li><p>5 </p><p>import, the licence is valid for 12 months or upto 31/03/2014 from issue </p><p>date whichever is more. </p><p> Duty free import of </p><p>samples up to Rs.1.00 lakh for all exporters and Rs. 3.00 Lakhs for </p><p>exporters of Gem &amp; jewellery sector. </p><p> No export </p><p>authorization is required for supply of comet items from DTA to SEZ </p><p>except a monthly report to be submitted by SEZ to Development </p><p>Commissioner. </p><p> Ratification issued by </p><p>D.G.F.T. is now valid for 2 years instead of 1 year. </p><p> Export House </p><p> Policy is continued and the ceiling is same. </p><p> 100% retention of Foreign Exchange in EFC A/c has withdrawn. </p></li></ul>

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