Some Information about duty-free license / scrips.
In accordance with the government decision and statement of ministry of commerce The foreign trade policy, (FTP) is to be announced on Monday, 23.08.2010, is expected to offer more incentives to exporters to help them tide over the effects of a likely demand slump in their major markets such as the
Before issuance any licence, I.E.C. mandatory for any export / import business.
FOR MORE INFORMATION TAKEN BY FOLLOWING PATH: - https://dgft.gov.in/dgftcla/faqs.asp
What are duty-free licence /scrips?
Duty free scrips are paper authorisations that allow the holder to import inputs that go into manufacture of products that are exported or machinery used for producing such goods without paying duties equivalent to the printed value.
For instance, if duty free scrip is valued at Rs 25 lakh, the holder can use it to import such goods without paying duties up to Rs 25 lakh.
in chapter-3, scriptts, It can be in transferable or not transferable as per provision laid down in the foreign trade policy (2009-2014) issued by government of
No fee will be taken in lieu of issuance of the said licence as per chapter -3, scriptts by the government of
Who can gets duty-free scrips?
Duty free scrips are given to exporters under various export promotion schemes of the government such as the , status holding incentive scheme , focus product, focus market, market-linked focus product schemes and the vishesh krishi gram upaj yojana. Under these promotional schemes, incentives are given for ex-porting identified products and targeting specific markets fixed at a certain percentage of the export value.
It is also used to reimburse duties on imported inputs under schemes such as the DEPB scheme, the export promotion capital goods scheme, the duty free import authorisation scheme and the advance authorisation scheme.
Do the receivers of the duty-free scrips necessarily have to use these to import goods?
If the scrips are transferable, the holder may not import goods himself but can sell it in the market at a discount. However, if the scrips are non-transferable and come with a actual-user condition, they have to be used by the holder to import inputs or capital goods duty free.
What is the link of dgft website? AND HOW CAN WE ISSUANCE THE LICENCE / SCRIP?
path is on url https://dgftcom.nic.in/ put a digital key in your CPU / LAPTOP and you can see the various scriptt details & if you want to click it and after provide appropriate password, opened then , NEW, create it option (create) opened and a file no. Provided then by the dgft department of NIC.
YOU CAN NOW, ARRANGE FOR ISSUANCE LICENCE AS U WANT.
What will be fee at the time of issuance the EPCG LICENCE? & advance licence?
In both cases, (ADVANCE & EPCG LICENCE) if we paid through demand draft, 2 RS. Per thousands or minimum (rs. 200.00), and maximum will be 1 lakh.
In case of electronically fund transfer, (ADVANCE & EPCG LICENCE) RS. 1 per thousands and minimum, Rs. 200.00 (whichever is higher) and maximum RS. 50,000.00
What documents will be submit at the time of issuance of scrip/ licence of chapter-3?
Ep copy of shipping bill, invoice, bill of lading, bank certificate of export and relisation and some annexure , COPY OF IEC, Rcmc, .
If difficulties found ANY EXPORTER what should do?
Come in TO RENOWNED “CA CLUB” search my ID OR ASK ANY QUIERY or go the forum menu or ask about your difficulties various experts are available for them.
How many times takes AUTHORITY TO ISSUE IT LICENCE?
After scrutiny, if officer found in order, dispatch it / provide the id card holder within 8-15 days.
If any officer of concerned regional licensing authority wanted to take bribe?
Go to Following Path and Registered ON https://cvc.nic.in/lodgecomp.htm
REGARDS,
Ramesh verma “freelance journalist”
