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Deemed Export Benefits for Supply of Cupro Nickel Coins, Reduction in
Penalty for Delay in Submission of IEC Modification, Imports under <a href='http://www.eximguru.com/exim/eou/default.aspx'>EOU</a>/ EPZ etc.
Public
Notice No. 43 dated 18th October 2002
In
exercise of powers conferred under paragraph 2.4 of the Export and Import
Policy, 2002-07, the Director General of Foreign Trade hereby makes the
following amendments in the Handbook of Procedures (Vol.1): -
1)
Para 6.2 (b) is amended and a new para 6.2 (bb) is added as under:
�6.2
(b) Raw materials,
components, consumables, intermediates, spares and packing materials.
6.2 (bb)
Others:
(i) Prototypes and technical samples for
existing product(s) and product diversification, development or evaluation.
(ii)
Drawings, blue prints, charts, microfilms and technical data;
(iii) Office equipment, including PABX,
Fax machines, projection system, computers, laptop, server;
(iv)
Spares and consumables, for the above items.
(v)
Any other item with the approval of the BOA
Note:
The above items may be new or second hand.
2)
A
last sub para is added to para 8.6.5 as under for granting the benefits of
deemed export benefits for supply of cupro nickel coin blanks to a mint of the
Government of India:
In
terms of the provision of para 8.2 (f) of the Exim Policy 2002-07, the benefits
of deemed exports under para 8.3 (a), (b), and (c) whichever is applicable,
would be available for the supply of Cupro Nickel Coin Blanks to a Mint of the
Government of India, provided the goods are manufactured in India and subject to
the fulfilment of condition No 26 against S.No 191 of Customs Notification No
21/2002 dated 01.03.2002 (as amended from time to time).
3)
The penalty
for delay in intimation of the change in the name or constitution of an IEC
holder beyond 60 days from the date of such change has been reduced to Rs 1000/-
from Rs 5000/-. Accordingly the last sentence of para 9.1 (b) is amended as
under:
Provided,
however, the licencing authority issuing IEC Code may, condone the delay on
payment of a penalty of Rs 1000/-.
4)
Appendix 10
A pertaining to the �Data Sheet for DEPB Rates� is amended as per annexure
to this Public Notice:
5)
The
following is added as S.No 1 (i) of Appendix 12 pertaining to �Format of
Project Authority Certificate�
(i) That
supply of cupro nickel coins to a mint of the Government of India has been made
in accordance with the provision of para 8.6.5 of the Handbook of Procedures (Vol
1) and the import content of the order is Rs. (Figures and
words�������..).
6) The footnote to S.No 2. of Appendix 12 pertaining to �Format of Project
Authority Certificate� is amended as under:
*
Relevant only for contract at Paragraph 1(a), (b), (d), (e), (f), (g) and (h)
for which Annexure-I to Appendix 12 be furnished.
7) The following are added as S.No (viii) of Forms I-A and I-B under Appendix
12 A pertaining to the � Format of Certificate of Payments Issued by the
Project Authority� as under:
Form I-A:
(viii) Supply
of cupro nickel coins to the mint of the Government of India as per Public
Notice No 1(FT) DEA/ 2002 dated 13.09.2002 of the Department of Economic
Affairs, which extends the deemed export benefits to such supplies.
Form I-B
*(viii) Supply of cupro nickel coins to
the mint of the Government of India
This
issues in public interest.
Annexure
to Public Notice No. 43 dated 18.10.2002
APPENDIX
- 10 A
DATA
SHEET FOR DEPB RATES
Note:
Please see paragraph 4.38 of this Handbook (Vol.1)
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FOR
OFFICIAL USE
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File
No _____________________.
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Date
_____________________
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1.
Name and address of
the applicant
2.
IEC No.
3.
Item of export for
which fixation of DEPB rate is sought.
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Description
of Item of export
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Sl.
No. in Handbook (Vol.2)
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Inputs
allowed
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Description
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ITC
(HS) (Code)
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Basic
Customs Duty
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4.Total
exports effected during preceding three licensing year
5.
Exports made during
past one year of the item for which DEPB rate is applied.
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Item
of export
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Quantity
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FOB
value (in Rupees)
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6.
Details of imports
effected during the past one year of inputs allowed under Standard Input Output
Norms (Handbook of Procedures -Vol.2)
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Sl.
No.
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Item
of import
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Bill
of Entry No. and date
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Quantity
of import
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CIF
value
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Per
unit CIF value
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7.
Details of
international journals/magazine evidencing international price of inputs in
support of the data furnished above.
8.
Worksheet for computation of DEPB Rates
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FOB
value per unit quantity
of
export product (Kg./MT etc.)
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Description
of import items allowed as per SION
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Quantity
of import item allowed for each of the input as per SION
(Kg./MT
etc.)
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CIF
value per unit quantity (Kg./MT etc.) of each of the item allowed for
import in SION
(In
Rs./US$)
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CIF
value of each of the input allowed for import in SION
[Column
(3) X Column (4)]
(In
Rs/US$)
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Rate
of basic Customs Duty against each of the input allowed for import in SION
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Effective
basic Customs duty against each of the input allowed for import in SION
Column
(5) X Column (6)
(In
Rs./US$)
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(1)
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(2)
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(3)
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(4)
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(5)
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(6)
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(7)
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Total
CIF
(In
Rs./US)
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Total
Customs Duty
(In
Rs./US$)
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DECLARATION/
UNDERTAKING
a) I/We hereby declare that the particulars and the statements made in this
application are true and correct to the best of my /our knowledge and belief and
nothing has been concealed or held there from.
b) I/We fully understand that any information furnished in the application if
proved incorrect or false will render me/us liable for any penal action or other
consequences as may be prescribed in law or otherwise warranted.
c) I/We undertake to abide by the provisions of the Foreign Trade
(Development and Regulation) Act, 1992, the Rules and Orders framed there under,
the Export and Import Policy and the Handbook of Procedures.
d) I/We hereby declare that I/we have submitted a copy of the data sheet and
supporting documents to ______________ Export Promotion Council/Commodity Board
on ______________(Date).
e) I hereby certify that I am authorised to verify and sign this declaration
as per Paragraph 9.9 of the Policy.
(SIGNATURE
OF APPLICANT)
Name
in Block Letters
Designation
Official
address
Place:
Date:
Residential
address:
E-mail:
INSTRUCTIONS
FOR FILLING THE DATA SHEET
a)
Submit in duplicate, Appendix I-A of Handbook (Vol.1) along with the data
sheet.
b) In support of export data furnished at
S.No.5, 6 and 7 of the data sheet, copies of a minimum of 5 Shipping Bills/
Bills of Entry need to be submitted for each item of export/ import during the
past one year. This may however be restricted to two Shipping Bills/ Bills of
entry per month for exports/ imports effected during the past one year.
Alternatively, in lieu of the Bills of Entry, the firm may submit copies of
Customs data for imports containing the name of the raw materials, quantity, CIF
value, name of the importers, port of import etc.
c) International price of items of import
as obtained from international journals/ magazines is to be submitted only in
support of actual imports as detailed at S.No.6 and 7 of the data sheet.
d) 25 copies of the data sheet is to be
submitted. However, only two copies of the supporting documents viz. relevant
Shipping Bills is to be submitted in support of all the data as furnished by the
applicant on the data sheet.
e) If the applicant has insufficient data
on the items of import/export, he may also submit data and documents of other
exporters of the same export product.
f) A copy of the Data Sheet and
supporting documents should simultaneously be submitted to the concerned Export
Promotion Council/ Commodity Board.
g) The DEPB rate shall be fixed only for
those products for which Standard Input Output Norms have been notified. In case
of an export product for which Standard Input Output Norms is not fixed, the
applicant has to first apply for fixation of SION.
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