TRADE NOTICE NO.08/2016, DT. 09/06/2016
- Document type
- Circular
- Dated
- Category
- TRADE NOTICE 2016-2017
Clarification regarding FPS benefits to "Other Cast Articles of Iron & Steel"- ITC (HS) code- 7325 under Sl. No. 279 of Appendix 37 D as revised vide Public Notice 52 dated 25.02.2014
Clarification regarding FPS benefits to "Other Cast Articles of Iron & Steel"- ITC (HS) code- 7325 under Sl. No. 279 of Appendix 37 D as revised vide Public Notice 52 dated 25.02.2014.
The following entries in the Appendix 37D provides benefit of FPS to the Articles of Iron & Steel.
| SI. No | Item Description | ITC (HS) Code |
| 240 | Cast Articles of Alloy steel malleable | 73259920 |
| 241 | Cast Articles of Stainless Steel malleable | 73259930 |
| 279 | Other Cast Articles of Iron & Steel | 7325 |
2. One of the RAs has sought clarification on the following issues:
If the purpose of FTP is to grant FPS benefit only to Malleable Products under the ITC (HS) Code group 73259920 and 73259930, then Sl. No. 279 of Appendix 37 D with ITC (HS) Code 7325 is invalid.
If the purpose of FTP is to grant FPS to all the products falling under the HS Code group 7325 whether it is malleable or not then all the claim with Sl. No 279 of Appendix 37 D with ITC (HS) Code 7325 is valid.
3. The issue has been examined in this Directorate. The entry at Sl. No. 279 of Appendix 37 D with ITC (HS) Code 7325 does not have any condition that the products are to be malleable or non- malleable. Therefore, it is clarified that all "Other Cast Articles of Iron or Steel" failing under the four digit ITC(HS) Code- 7325 whether malleable or non- malleable are eligible for FPS under the entry at serial no. 279 of Appendix 37 D as revised vide Public Notice no. 52 dated 25.02.2014.
4. This issues with the approval of the competent authority.
(Lokesh HD)
Deputy Director General of Foreign Trade
e-mail: lokesh.hd@nic.in