3.8.3
- Document type
- Procedure
- Reference no.
- O
- Dated
Procedure for Incremental Exports Incentivisation Scheme
Procedure for Incremental Exports Incentivisation Scheme.
3.8.3
(a) The policy pertaining to Incremental Export Incentive Scheme is given in para 3.14.4 of FTP.
(b) An application for grant of benefit under this scheme shall be filed in ANF 3F (this ANF 3F will be notified subsequently) to RA concerned. For the purpose of the scheme, export performance shall not be allowed to be transferred from any other IEC holder. Since the benefit is admissible on realisation basis, applications can be filed after 1st April 2013. Last date for filing application will be as per para 3.11.9 of HBP v1 and late cut provisions of para 9.3 of HBP v1 2009-14 will be applicable.
(c) Incremental growth should be in terms of freely convertible currency to the designated markets.
(d) For proof of landing in designated markets, provisions of para 3.8.2 of HBP v1 shall be applicable.
(Above para 3.8.3 has been added vide PUBLIC NOTICE NO. 41/2012, DT. 28/12/2012)
(e) Claims with growth in excess of the value and percentage specified under paragraph 3.14.4(c) (i) and (ii) and paragraph 3.14.5 (c) (i) and (ii) of FTP, will be subjected to greater scrutiny by Regional Authority. Such scrutiny of the claim will require the following documents:
(i) Calling for evidence of manufacture / purchase of export goods i.e. excise return /sales tax returns or any other evidence.
(ii) Checking exports of company from whom goods have been purchased i.e. whether such company had done export in previous 2 years and quantum of exports in previous 2 years and quantum of exports in current year.
(iii) Calling for any other evidence to justify export growth and consequent entitlement of Incremental Exports Incentivisation Scheme.
(f) The provisions mentioned in paragraph 3.8.3 of HBP v1 relating to procedure for Incremental Exports Incentivisation Scheme, will also be applicable to claims filed under paragraph 3.14.5 of FTP i.e. for the year 2013-14. The applications in this case can be filed after 1st April, 2014. Last date for filing application will be as per para 3.11.9 of HBP v1 and late cut provisions of para 9.3 of HBP v1 2009-14 will be applicable.
(Above sup para (e) & (f) added vide PUBLIC NOTICE No.28/2013, DT. 25/09/2013 with immediate effect)