OK
12
12

Order Summary

3 Services

 1,234

View Cart
MORE
Store Timings
    EXTENSION OF SEIS SCHEME To be published in the Gazette of India Extraordinary Part-I, Section (I) Government of India Ministry of Commerce & Industry Department of Commerce Udyog Bhawan, New Delhi Public Notice 45 y m O l5-2020 Dated the 5 th December, 2017 Subject: Services Exports from India Scheme (SEIS) - Schedule under Appendix 3D as annexure to the Public Notice No. 3/2015-20 dated 1st April, 2015 - Eligible period extended up to 31.3.2018 with amendments. In exercise of powers conferred under Paragraph 1.03 of the Foreign Trade Policy, 2015-20. the Director General of Foreign Trade hereby amends the Appendix 3D as annexure to the Publ ic otice o. 3/2015-20 dated Ist April, 2015 and amended vide Public Notice no. 42/2015-20 dated 26.10.2015, Public Notice No.03/2015-20 dated 21.04.2017 as under: 1. Existing Note 1 in Appendix 3 D Note 1: The services and rates of rewards notified against them shall be applicable for services export made between 1-4-2015 to 31-03-2017 only. The list of services/rate is subject to review with effect from 01-04-2017. Amended Note 1 in Appendix 3 D Note 1: The services and rates of rewards as per the Annexure to this Public notice shall be applicable for services export made between 1-4-2017 to 31-03-20180nly. The list of services/rate is subject to review with effect from 01-04-2018. 2. Note 5 on list of ineligible sectors / categories under SEIS in incorporated in the Appendix 3 D 3. The other contents of the Public Notice No. 3/2015-20 dated 1st April, 2015 shall remain same. Effect of Public Notice- The services export rendered between 1-4-2017 to 31-03-2018 as per the Annexure, comprising rates and conditions for rewards under the Services Exports from India Scheme (SEIS) is extended upto 31.03.2018 with rates of reward as specified in the Annexure. c Iivcdi) Director Gel of Foreign Trade SEIS SCHEME FOR 2017-18, EXTENSION OF SEIS SCHEME, DGFT CONSULTANTS IN DELHI, DGFT CONSULTANT IN NOIDA, DGFT CONSULTANT IN GURGAON, DGFT CONSULTANT IN MERRUT, DGFT CONSULTANTS IN PANIPAT, DGFT CONSULTANT IN UTTARAKHAND, DGFT CONSULTANT IN DEHRADUN, SEIS FOR HOTELS, SEIS FOR TOUR OPERATORS,
    Read More
    Details
    Query
    Share
    SEND
    WAIVER OF PENALTY FOR LATE SUBMISSION OF INSTALLATION CERTIFICATE UNDER EPCG LICENSE In exercise of powers conferred under Paragraph 2.04 of FTP (2015-20) read with Paragraph 2.58 of FTP (2015-20), the Director General of Foreign Trade in public interest hereby makes the one time relaxation in procedure in respect of acceptance of installation certificate under the EPCG Scheme. 1. Under the EPCG Scheme, the authorization holders are required to submit the installation certificate showing installation of the capital goods to the RA within the prescribed time period. 2. Sometimes, the submission of installation certificate to the RAs was not within the time prescribed on account of various reasons, including delay in installation of the machinery/delay in issuance of installation certificate etc. The EPCG Committee was receiving requests for condonation of time period of submission of installation certificate to the Regional authorities. Some of such requests for condonation were considered by the EPCG Committee on payment of composition fee ofRs.5, 000/- 3. As a facilitative measure, Public Notice No.37/2015-20 dated 25.10.2017 was issued permitting one time relaxation for condonation of time period upto 31.03.2018 condoning the delay in submission of installation certificate on payment of penalty of Rs.5000/- per authorization (provided the installation has happened within the period of 18 months). The benefit of said Public Notice was further extended upto 30.09.2018 vide Public Notice No.Ol/2015-20 dated 26.04.2018. 4. There have been representations from the Trade for accepting the submission of installation certificate without insisting on penalty, if the installation has happened within the specified time prescribed. The contention in the representations is that as per their understanding, of the para 5.3.1 of HBP (2009-14), there was no time limit for submission of the installation certificate and the time limit was only for the installation of machinery. It has also been pointed out that in the past, some RAs have accepted the installation certificate even at the time of redemption. Therefore, it has been requested not to impose any penalty for these authorizations. 5. The issue has been considered. The submission of installation certificate is an important aspect of monitoring of the EPCG Scheme which cannot be postponed till the completion of the EO period. The intent of the para of the HBP was clearly that the capital goods were to be imported, the installation certificate obtained and presented to the RAs within the time period in the said para. The reading of the relevant custom notification for the EPCG Scheme also makes it clear that the installation certificate was to be produced within the period Cy specified. However, it is contended by some that they could interpret the para under the HBP (2009-14) that the period applies only for installation!obtaining the certificate and they can provide the same to the RAs anytime even at the time of redemption. 6. Taking into account the representations in this regard and to facilitate the ease of doing business for the purpose, it has been decided to permit the RAs to accept the installation certificate without insisting for penalty in respect of authorization issued upto 31.03.20 IS as long as the installation has happened within IS months from the date of import, provided the EPCG authorization is not under any investigation! adjudicated by RA/ customs authority/ any other investigative agency. This relaxation will be available upto 31.03.2019. There will not be any refund of the penalty already paid under the Public Notice No.37/201S-20 dated 2S.10.2017. 7. The other terms and conditions in the Public Notice No.37/201S-20 dated 2S.10.2017 and Public Notice NO.Ol/201S-20 dated 26.04.201S consistent with this Public Notice will continue to be applicable. Effect of this Public Notice: One time relaxation and condonation of delay in submission of installation certificate to RAs under EPCG Scheme for authorizations issued upto 31.03.2015, without payment of any penalty. DGFT CONSULTANTS IN DELHI, DGFT CONSULTANT IN NOIDA, DGFT CONSULTANT IN GURGAON, DGFT CONSULTANT IN MERRUT, DGFT CONSULTANTS IN PANIPAT, DGFT CONSULTANT IN UTTARAKHAND, DGFT CONSULTANT IN DEHRADUN,
    Read More
    Details
    Query
    Share
    SEND
    WAIVER OF PENALTY FOR LATE SUBMISSION OF INSTALLATION CERTIFICATE UNDER EPCG LICENSE In exercise of powers conferred under Paragraph 2.04 of FTP (2015-20) read with Paragraph 2.58 of FTP (2015-20), the Director General of Foreign Trade in public interest hereby makes the one time relaxation in procedure in respect of acceptance of installation certificate under the EPCG Scheme. 1. Under the EPCG Scheme, the authorization holders are required to submit the installation certificate showing installation of the capital goods to the RA within the prescribed time period. 2. Sometimes, the submission of installation certificate to the RAs was not within the time prescribed on account of various reasons, including delay in installation of the machinery/delay in issuance of installation certificate etc. The EPCG Committee was receiving requests for condonation of time period of submission of installation certificate to the Regional authorities. Some of such requests for condonation were considered by the EPCG Committee on payment of composition fee ofRs.5, 000/- 3. As a facilitative measure, Public Notice No.37/2015-20 dated 25.10.2017 was issued permitting one time relaxation for condonation of time period upto 31.03.2018 condoning the delay in submission of installation certificate on payment of penalty of Rs.5000/- per authorization (provided the installation has happened within the period of 18 months). The benefit of said Public Notice was further extended upto 30.09.2018 vide Public Notice No.Ol/2015-20 dated 26.04.2018. 4. There have been representations from the Trade for accepting the submission of installation certificate without insisting on penalty, if the installation has happened within the specified time prescribed. The contention in the representations is that as per their understanding, of the para 5.3.1 of HBP (2009-14), there was no time limit for submission of the installation certificate and the time limit was only for the installation of machinery. It has also been pointed out that in the past, some RAs have accepted the installation certificate even at the time of redemption. Therefore, it has been requested not to impose any penalty for these authorizations. 5. The issue has been considered. The submission of installation certificate is an important aspect of monitoring of the EPCG Scheme which cannot be postponed till the completion of the EO period. The intent of the para of the HBP was clearly that the capital goods were to be imported, the installation certificate obtained and presented to the RAs within the time period in the said para. The reading of the relevant custom notification for the EPCG Scheme also makes it clear that the installation certificate was to be produced within the period Cy specified. However, it is contended by some that they could interpret the para under the HBP (2009-14) that the period applies only for installation!obtaining the certificate and they can provide the same to the RAs anytime even at the time of redemption. 6. Taking into account the representations in this regard and to facilitate the ease of doing business for the purpose, it has been decided to permit the RAs to accept the installation certificate without insisting for penalty in respect of authorization issued upto 31.03.20 IS as long as the installation has happened within IS months from the date of import, provided the EPCG authorization is not under any investigation! adjudicated by RA/ customs authority/ any other investigative agency. This relaxation will be available upto 31.03.2019. There will not be any refund of the penalty already paid under the Public Notice No.37/201S-20 dated 2S.10.2017. 7. The other terms and conditions in the Public Notice No.37/201S-20 dated 2S.10.2017 and Public Notice NO.Ol/201S-20 dated 26.04.201S consistent with this Public Notice will continue to be applicable. Effect of this Public Notice: One time relaxation and condonation of delay in submission of installation certificate to RAs under EPCG Scheme for authorizations issued upto 31.03.2015, without payment of any penalty. EPCG CONSULTANTS IN DELHI, EPCG CONSULTANT IN NOIDA, EPCG CONSULTANT IN GURGAON, EPCG CONSULTANT IN MERRUT, EPCG CONSULTANTS IN PANIPAT, EPCG CONSULTANT IN UTTARAKHAND, EPCG CONSULTANT IN DEHRADUN, FOR MORE INFORMATION PLEASE VISIT: http://www.lawexim.co.in/export-promotion-capital-goods-epcg-schemes/
    Read More
    Details
    Query
    Share
    SEND
    Details
    Query
    Share
    SEND
    Next >