**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.