Wait...
  1. Home >
  2. Notifications >
  3. DGFT >
  4. Circular >
  5. Miscellaneous >
  6. Import Export Data, Export Import shipment data from Customs

Online Export Import Data Search

Recent Searches: No Recent Searches
Complete Training Video : Click Here

Date: 28-12-2011
Notification No: DGFT Policy Circular No 50(RE-2010)/2009-14
Issuing Authority: DGFT  
Type: Circular
File No: F.No. 01/92/180/168/AM05/PC VI
Subject: Clarification on Deemed Export benefits when imported capital goods are directly supplied as such to Project Authority - regarding.

Government of India
Department of Commerce
Directorate General of Foreign Trade
Udyog Bhawan, New Delhi – 110011

Policy Circular No.50/2009-2014 (RE 2010)

Dated: 28th December, 2011

To

All Regional Authorities (RAs);

CBEC & All Commissioners of Customs;

Exporting Community.

Subject: Clarification on Deemed Export benefits when imported capital goods are directly supplied as such to Project Authority - regarding.

1. Policy Interpretation Committee in its meeting held on 15.03.2011 had inter-alia clarified as under:

“Issue of claiming Deemed Export benefits in cases of import made by the project authority was discussed. After detailed deliberation, it was decided that if the Bill of Entry is in the name of project authority deemed export benefits would not be available (such cases will be ineligible for grant of Deemed Export benefits). “

2. Deemed exports benefits are admissible in terms of paragraph of 8.2 of FTP, if goods are manufactured in India. In the case of non mega power projects, for instance, if capital goods such as boilers, turbines, generators (BTGs) are being supplied to project authorities, then deemed export benefits are admissible only if such BTGs are manufactured in India. If these are imported and supplied as such, then such supplies do not amount to deemed exports, and hence deemed export benefits will not be admissible.

3. Accordingly, in continuation to PIC clarification, as given in paragraph 1 above, it is further clarified that in case capital goods have been imported by the contractor/sub-contractor and supplied as such to project authorities, then custom duties paid on such imports can not be refunded back as deemed export duty drawback under paragraph 8.3(b) of FTP.

4. All Regional Authorities may take note of this clarification for processing/review of deemed export claims.

5. This issues with the approval of Hon’ble Minister of Commerce, Industry & Textiles.

(L.B. Singhal)
Jt. Director General of Foreign Trade
Tel: 011-23062671
E-mail: [email protected]
(Issued from
F.No. 01/92/180/168/AM05/PC VI)

       

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 04-04-2020
Notification No. 59/2015-2020
Amendment in Export Policy of Diagnostic Kits.

Date: 04-04-2020
Notification No. 01/2015-2020
Amendment in Export Policy of Hydroxychloroquine.

Date: 03-04-2020
A. P. (DIR Series) Circular No. 28
Rupee Drawing Arrangement – Remittance to the Prime Minister’s Citizen Assistance and Relief in Emergency Situations (PM-CARES) Fund

Date: 03-04-2020
Circular No. 17/2020-Customs
Measure to facilitate trade during the lockdown period- section 143AA of the Customs Act, 1962

Date: 03-04-2020
Notification No. 32/2020 – Central Tax
Seeks to provide relief by conditional waiver of late fee for delay in furnishing returns in FORM GSTR-3B for tax periods of February, 2020 to April, 2020.

Date: 03-04-2020
Notification No. 31/2020 – Central Tax
Seeks to provide relief by conditional lowering of interest rate for tax periods of February, 2020 to April, 2020.

Date: 03-04-2020
Notification No. 30/2020 – Central Tax
Seeks to amend CGST Rules (Fourth Amendment) in order to allow opting Composition Scheme for FY 2020-21 till 30.06.2020 and to allow cumulative application of condition in rule 36(4).

Date: 02-04-2020
TRADE NOTICE NO. 61/2019-20
Acceptance of scanned copies of pre-registration application and other documents by Local Users for REG under the European Union’s Generalised System of Preferences (EUGSP)

Date: 01-04-2020
A. P. (DIR Series) Circular No. 27
Export of Goods and Services- Realisation and Repatriation of Export Proceeds-Relaxation

Date: 01-04-2020
A.P. (DIR Series) Circular No.26
Exim Bank's Government of India supported Line of Credit (LoC) of USD 161.36 million to the Government of the Republic of Burundi



Exim Guru Copyright © 1999-2020 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001