Government of India
Ministry of Finance
Department of Revenue
Central Board of Excise & Customs
Circular No. 50 / 2011-Customs
New Delhi, dated 9th November, 2011
To,
All Chief Commissioners of Customs / Customs (Prev.).
All Chief Commissioners of Customs & Central Excise.
All Commissioners of Customs / Customs (Prev.).
All Commissioners of Customs & Central Excise.
All Director Generals under CBEC.
Subject: - Clearance of goods from Custom Bonded warehouses utilizing duty
credit scrips of SFIS, VKGUY, FMS, FPS, SHIS -Reg.
Sir / Madam,
I am directed to invite your kind attention to an issue which has been raised
before the Board as to whether duty credit scrips issued under the Chapter 3
schemes of the Foreign Trade Policy (FTP) viz Served from India Scheme (SFIS),
Vishesh Krishi Gram Udyog Yojana (VKGUY), Focus Market Scheme (FMS), Focus
Product Scheme (FPS) and Status Holder Incentive Scheme (SHIS) can be utilized
for clearance of goods from Custom Bonded warehouses.
- The matter has been examined. Clearance of goods from Custom Bonded
warehouses is allowable by utilizing DEPB credit scrips as per procedure
mentioned in
Circular No. 68/2000 dated 18.8.2000 and Circular No. 72/2003-Cus
dated 11.8.2003. However, since the schemes such as SFIS, VKGUY, FMS, FPS, SHIS
have come into being only after issuance of these circulars, these schemes do
not find specific mention in the said circulars.
- All the schemes vizSFIS, VKGUY, FMS, FPS, SHIS provide for duty credit scrips
which can utilized for import of goods subject to conditions and limitations
detailed in the Foreign Trade Policy (2009-14). It is clarified that duty credit
scrips of these schemes are allowed for clearance of goods from Custom Bonded
warehouses under the same procedure as prescribed for DEPB scrips under Circular
68/2000 dated 18.8.2000 and 72/2003-Cus dated 11.8.2003 and subject to the
conditions and limitations mentioned in Foreign Trade Policy(2009-14).
Yours faithfully,
G.S. Bains
(Technical Officer –Drawback)
F.No.605/53/2011-DBK