Saturday, 26 April 2014

INCREMENTAL EXPORTS INCENTIVISATION SCHEME (IEIS)

1.As per Incremental Exports Incentivisation Scheme (Notification No.27 (RE-2012)/2009-2014, Dated 28th of December 2012) of DGFT, an IEC holder would be entitled for a duty credit scrip @ 2% on the incremental growth (achieved by the IEC holder) during the period (a) 01-Jan-13 to 31-Mar-13 compared to the prev period from 01-Jan-12 to 31-Mar-12 (Three months)
(b) 01-Apr-13 to 31-Mar-14 compared to the prev period from 01-Apr-12 to 31-Mar-13 (Full F.Y) on the FOB value of exports. Incremental growth shall be in respect of each exporter (IEC holder) without any scope for combining the exports for Group Company. 

2.The scheme is region specific and will cover exports to USA, European and Asian countries only (except
exports to Singapore, U.A.E and Hong Kong) - for (a) above
-> The scheme is region specific and will cover exports to Latin American and African
countries also- for (b) above.

3. . The following exports shall not be taken into account for calculation of export performance or for computation of entitlement under the Scheme:
-> Export of imported goods or exports made through trans-shipment.
-> Export from SEZ / EOU / EHTP / STPI / BTP / FTWZ
-> Deemed Exports
-> Service Exports
-> Third Party exports
-> Diamond, Gold, Silver, Platinum, other precious metal in any form including plain and studded jewellery and other precious and semi-precious stones.
-> Ores and concentrates of all types and in all formations.
-> Cereals of all types.
-> Sugar of all types and all forms.
-> Crude / petroleum oil and crude / primary and base products of all types and all formulations.
-> Export of milk and milk products.
-> Export performance made by one exporter on behalf of other exporter.
-> Supplies made to SEZ units.
-> Items, export of which requires an export authorisation (except SCOMET), will not be considered.
-> Export of Meat and Meat Products.

As per Public Notice No. 41 /2009-2014:-had mandated filing of applications for incremental export during the period 1.1.2013-31.3.2013 vis-a-vis 1.1.2012-31.3.2012 in ANF 3F. Application for obtaining Duty Credit Scrip shall be filed within a period of twelve months from the date of export or within six months from the date of realization or three months from the date of printing / release of shipping bill, whichever is later, in respect of shipments for which claim is being filed.

Disclaimer:  The entire contents of this document have been prepared on the basis of relevant Act and as per the information existing at the time of the preparation. Though utmost efforts has made to provide authentic information, it is suggested that to have better understanding kindly  cross-check  the same with incentives available in Foreign Exchange Management Act

4 comments:

  1. Baccarat, Craps, and Strategy | Worrione
    There are so bk8 many advantages of playing william hill against baccarat in real life. Play, win, and take your card. 바카라 사이트

    ReplyDelete
  2. The minimum payout percentage is 70%, with 홀덤 pubs typically setting the payout at round 78%. "Skill cease" buttons were added to some slot machines by Zacharias Anthony within the early 1970s. These enabled the player to cease each reel, permitting a level of "skill" in order to satisfy the New Jersey gaming legal guidelines of the day which required that gamers were place to} control the sport indirectly.

    ReplyDelete
  3. The following 12 months, PokerStars ran a excessive stakes poker tournament in South Korea. In the top, Andrew Kim gained to collect the first-place prize cash of KRW 717,489,000. Initially, the South Chungcheong Province police captured 17 folks but only eleven 1xbet had been arrested. Allegedly these people participated in illegal gambling operations operating since 2018. It turned out that the head of the group is a Thailand nationwide who lives legally in South Korea. Whether you're be} looking for gaming and gambling evaluations, iGaming News and even tutorials we have it all!

    ReplyDelete
  4. Rich Palms doesn't have probably the most numerous deposit 메리트카지노 choices, however could be} a lot to please most avid gamers. You can choose from Bitcoin, Litecoin, Ethereum, Neosurf, and credit/debit playing cards such as Visa and Mastercard. However, necessary to|it is very important|you will need to} observe that cell recreation selection is barely limited, and you won't be able to|be succesful of|have the ability to} launch each recreation.

    ReplyDelete