| Date: |
31-10-2019
|
| Notification No: |
NOTIFICATION No. 28/2015-2020
|
| Issuing Authority: |
DGFT
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| Type: |
Notification
|
| File No: |
File No. 01/92/180/21/AM-19/PC-VI |
| Subject: |
Amendment in Chapter 7 of the Foreign Trade Policy 2015-20
|
|
GOVERNMENT OF INDIA
MINISTRY OF COMMERCE AND INDUSTRY
DEPARTMENT OF
COMMERCE
NOTIFICATION No. 28/2015-2020
NEW DELHI, DATED THE 31 October, 2019
Subject: Amendment in Chapter 7 of the Foreign Trade Policy 2015-20 —regd.
S.O(E): In exercise of powers conferred by Section 5 of Foreign Trade (Development & Regulation) Act, 1992 (No. 22 of 1992, as amended from time to time), the Central Government hereby makes the following amendments in Chapter 7 of the Foreign Trade Policy 2015-20 with effect from 5.12.2017:
| Para No. |
Existing Provision |
Amended Provision |
| 7.03(b) |
Deemed Export Drawback for BCD |
Deemed Export Drawback |
| 7.06 |
Conditions for refund of deemed
export drawback
Supplies will
be eligible for deemed
export drawback as per para 7.03 (b)
of
FTP, as under:
The refund of drawback in the form of
Basic
Customs duty of the inputs used
in manufacture and supply under the
said category shall be given on brand
rate basis upon submission
of
documents evidencing actual payment
of basic custom duties |
Conditions for refund of deemed
export drawback
Supplies will
be eligible for deemed
export drawback as per para 7.03 (b) of
FTP, as under:
Refund of drawback on the inputs used
in
manufacture and supply under the
said category can be claimed on
‘All
Industry Rate’ of Duty Drawback
Schedule notified by
Department of
Revenue from time to time provided no
CENVAT credit
has been availed by
supplier of goods on excisable inputs or
on
‘Brand Rate Basis’ upon submission
of documents evidencing actual
payment of basic custom duties. |
Effect of this Notification: Refund of drawback of Duty paid on inputs is also allowed on All Industry Rate.
[Issued from File No. 01/92/180/21/AM-19/PC-VI]
(B.B. Swain)
Director
General of Foreign Trade
Ex-Officio Additional Secretary, Government of India
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