Home India Ministry of Commerce and Industry EDI Procedure for claiming benefits in respect of Third Part...
Date: 2014-01-08 Category: Extra Ordinary State: Union Government Country: India

EDI Procedure for claiming benefits in respect of Third Party exports.

Issued by Ministry of Commerce and Industry · Department of Commerce

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Executive Summary & Key Takeaways

**Executive Summary:** This Public Notice, dated January 8, 2014, introduces a procedure for claiming benefits for Third Party exports under the EDI system. It also provides guidelines for currency conversion. The notice amends the Handbook of Procedures Vol. I 2009-2014 with immediate effect by adding paragraphs 9.14 and 9.15. **Key Points / Main Content:** * **Third Party Export Benefits under EDI System:** * First Party must link shipping bills and BRCs to the repository to initiate the process. * The First Party can authorize the Third Party to claim benefits for specific shipping bill items if they choose not to claim the benefit themselves. * After authorization, the Third Party can use the shipping bill items in its application. * **Currency Conversion Guidelines:** * For currencies with exchange rates notified by CBEC, the foreign exchange is converted to INR using CBEC's monthly exchange rates. * For currencies without CBEC-notified exchange rates, the total realized value in INR is converted to USD using the US/INR exchange rate on the realization date as published by CBEC. **Impact Analysis** * **First Party Exporters** * *Impact:* New procedure for linking shipping bills and BRCs under the EDI system; option to authorize Third Parties to claim benefits. * *Action Required:* Understand the new linking procedure and authorization process for Third Party benefit claims. * **Third Party Exporters** * *Impact:* Opportunity to claim benefits on shipping bill items when authorized by the First Party. * *Action Required:* Coordinate with First Parties for authorization and understand the application process under the EDI system. * **Banks (Mentioned as CBEC)** * *Impact:* Continued role in providing eBRCs with realized foreign exchange values. * *Action Required:* Ensure eBRCs accurately reflect realized foreign exchange and follow CBEC guidelines for currency conversions.

Key Entities Referenced

Foreign Trade Policy, 2009-14: A policy document referenced for the powers conferred to the Director General of Foreign Trade. Handbook of Procedures Vol. I 2009-14: A document where two new paragraphs 9.14 and 9.15 are introduced for claiming benefit of Third Party exports under EDI system. EDI system: Electronic Data Interchange system, used for claiming benefits in respect of Third Party exports. Third Party exports: Exports where the benefits can be claimed under the EDI system, with a procedure outlined in the public notice. Director General of Foreign Trade: The authority introducing new paragraphs in the Handbook of Procedures related to Third Party exports. CBEC: Central Board of Excise and Customs, an entity that notifies exchange rates used in currency conversion for export benefits. Anup K. Pujari: Director General of Foreign Trade, as indicated at the end of the public notice. New Delhi: Location of publication of the public notice.
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I] " 9-15 ¼d½ eqnzk,a] ftuds ekeys esa lhchÃlh }kjk fofue; njsa vf/klwfpr dh tkrh gSa çkIr dh tku s okyh fon's kh eqnzk ¼tSlk fd cdSa }kjk Ã&ch vkj lh e sa mYy[s k fd;k x;k g¨½ d¨ lhchÃlh }kjk çdkf'kr dh tku s okyh ekfld fofue; nj¨ a dk ç;¨x djr s gq, Òkjrh; #i; s e sa ifjoÆrr fd;k tkrk gSA ¼[k½ eqnzk,a] ftuds ekeys esa lhchÃlh }kjk fofue; njsa vf/klwfpr ugÈ dh tkrh gSa ,sl s ekey¨ a e]sa Òkjrh; #i; s e sa çkIr fd, x, dqy eYw ; ¼tSlk fd cdSa }kjk Ãchvkjlh e sa mYy[s k fd;k x;k g¨½ d¨ çkIr fd, tku s dh rkjh[k ij e©tnw k vefsjdh MkWyj@Òkjrh; #i; s dh fofue; nj t¨ lhchÃlh }kjk çdkf'kr dh xà g¨] dk ç;¨x djr s gq, vefsjdh " MkWyj e sa ifjoÆrr fd;k tk,xkA bl lkoZtfud lwpuk dk çÒko%&ÃMhvkà ç.kkyh d s rgr vU; i{k fu;kZr¨ a d s lca /a k es a ykÒ¨ a dk nkok dju s dh çfØ;k v©j eqnzkv¨ a d¨ ifjoÆrr dju s gsrq fn'kkfun¢Z'k çdkf'kr fd, tk jg s gSAa vuqi d-s itw kjh] egkfun's kd] fon's k O;kikj MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF FOREIGN TRADE) PUBLIC NOTICE New Delhi, the 8th January, 2014 No. 46 (RE- 2013)/2009-2014 Subject: EDI Procedure for claiming benefits in respect of Third Party exports. F.No.01/93/180/40/AM-14/PC-2(B).—In exercise of the powers conferred under Paragraph 2.4 of the Foreign Trade Policy, 2009-14, the Director General of Foreign Trade hereby introduces two new Paragraphs 9.14 & 9.15 in the Handbook of Procedures (Vol. I) 2009-14 for claiming benefit of Third Party exports under EDI system and for conversion of currencies into US $ with immediate effect as under: 2. These two new Paras 9.14 & 9.15 would read as under: “9.14 For claiming benefits under EDI system in respect of Third Party exports the process will be initiated by the First Party who will link shipping bills and BRCs to repository. If the First Party chooses not to claim benefit for a particular shipping bill item/s, it may authorize Third Party to claim benefit for such shipping bill item/s. After such authorization by First party, Third Party will be able to utilize the shipping bill item/s in its application”. “9.15 (a) Currencies, where Exchange rates are notified by CBEC The foreign exchange realized (as mentioned by bank in the eBRC) is converted to Indian Rupee (INR) using the monthly exchange rates published by CBEC. (b) Currencies, where Exchange rates are not notified by CBEC In such cases, total realized value in INR (as mentioned by bank in the eBRC), will be converted into US $ by using the US $ /INR exchange rate prevailing on the date of realization as published by CBEC.” Effect of the Public Notice: A procedure for claiming of benefits in respect of Third Party exports under EDI system and a guideline for conversion of currencies are being published. ANUP K. PUJARI, Director General of Foreign Trade Printed by the Manager, Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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