| Date: |
26-07-2001
|
| Notification No: |
DGFT Policy Circular No 6/2001
|
| Issuing Authority: |
DGFT
|
| Type: |
Circular
|
| File No: |
|
| Subject: |
Procedural simplification in the filing of payment certificate for availing of deemed export benefits
|
|
Procedural simplification in the filing of payment certificate for availing of deemed export benefits
Policy Circular No. 6 dated 26th July 2001
Attention is invited to paragraph 10.15(ii) of the Handbook of Procedures (Vol 1) which pertains to the procedural formalities for filing of payment certificate for claiming deemed export benefits under specific categories of supplies. It is pertinent to note that though no specific provision existed in the Handbook of Procedures (Vol 1) {as amended upto 31.03.2000}, the regional offices were insisting on a consolidated project payment certificate for all the supplies effected during the month/ quarter/ half year as per the option of the applicant.
However based on various difficulties faced by deemed exporters in cases where the supplies were being made to different entities and the need for procedural simplification, a suitable amendment was carried out in the Handbook of Procedures (Vol 1) {as amended upto 31.03.2001}. The suppliers were given an option of filing a payment certificate pertaining to supplies to a particular project or all the projects during the month/ quarter/ half year.
This amendment was merely for simplifying the procedure for the filing of deemed export claims especially in cases involving a large number of supplies to different project authorities and would be applicable to all such deemed exports effected prior to 01.04.2001 as well.
This issues with the approval of the
DGFT.
|
|
|