Home India Ministry of Commerce and Industry In exercise of powers conferred under Paragraph 1 03 of the ...
Date: 2019-10-31 Category: Extra Ordinary State: Union Government Country: India

In exercise of powers conferred under Paragraph 1 03 of the Foreign Trade Policy

Issued by Ministry of Commerce and Industry · Department of Commerce

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Executive Summary & Key Takeaways

Executive Summary: This public notice announces amendments to Chapter 7 of the Handbook of Procedures 2015-2020, effective from December 5, 2017. The amendments concern drawback procedures, specifically regarding brand rate fixation and duty refunds. It removes references to "basic custom duty" and modifies the conditions for brand rate fixation applications. Key Points / Main Content: Amendments to Handbook of Procedures: Para 7.02: The term "basic custom duty" is deleted wherever it appears. Para 7.06: Modifications to brand rate fixation and drawback rate procedures. Brand Rate Fixation: Existing provision: An application in ANF7A, along with documents prescribed in ANF7A Appendix 7E, may be made to RA or DC concerned, as the case may be, for fixation of brand rate where no CENVAT credit has been availed by the supplier of goods. However, an application in ANF 7A, along with documents prescribed in ANF7A Appendix 7E, may be made to RA or DC concerned, as the case may be, for fixation of brand rate. Amended provision: Application for fixation of Brand rate may be made for the following: Where All Industry Rate of Drawback is not available Where basic customs duty paid is claimed as brand rate of duty drawback, in terms of Paragraph 7.06 of FTP 2015-20. Drawback Refunds: Refund of duty paid on inputs is also allowed on All Industry Rate. Impact Analysis Directorate of Revenue (DoR): Impact: The DoR's role in determining drawback rates remains unchanged; they still fix the rates in the Drawback Schedule. Action Required: No specific action is mentioned for DoR. Regional Authority (RA) / Development Commissioner (DC): Impact: RAs and DCs are still involved in processing brand rate fixation applications under the revised conditions. Action Required: RAs/DCs must process brand rate applications based on the new criteria outlined in the amended Para 7.06. Exporters/Manufacturers: Impact: Exporters can claim refunds of duty paid on inputs is also allowed on All Industry Rate. The scope of brand rate fixation applications is modified. Action Required: Exporters should review the amended Para 7.06 to determine their eligibility for brand rate fixation and prepare applications accordingly. They should note the removal of "basic custom duty" references.

Key Entities Referenced

Foreign Trade Policy 2015-2020: A policy document governing import and export in India from 2015 to 2020. Handbook of Procedures 2015-2020: A handbook detailing the procedures related to the Foreign Trade Policy 2015-2020, which is being amended in the current notification. Director General of Foreign Trade: The authority responsible for making amendments to the Handbook of Procedures, under the powers conferred by the Foreign Trade Policy. New Delhi, Delhi: The location where the public notice was issued. Ministry of Commerce and Industry: The government ministry responsible for foreign trade and commerce. B.B. Swain: Director General of Foreign Trade & Ex-Officio Additional Secretary ANF7A: Application form related to fixation of brand rate/drawback Revenue Department: Department involved in determining drawback rates
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