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OVERVEIW ON DGFT WORKING BY H C GHOSH ASSISTANT DIRECTOR GENERAL FOREIGN TRADE.

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Presentation on theme: "OVERVEIW ON DGFT WORKING BY H C GHOSH ASSISTANT DIRECTOR GENERAL FOREIGN TRADE."— Presentation transcript:

1 OVERVEIW ON DGFT WORKING BY H C GHOSH ASSISTANT DIRECTOR GENERAL FOREIGN TRADE

2 DGFT EASTERN REGION ZONAL OFFICE KOLKATA

3 OTHER OFFICES OF EASTERN ZONE DDGFT CUTTACK DDGFT SHILLONG DDGFT GUWAHATI DDGFT PATNA KOLKATA

4 ROLE OF DGFT (MINISTRY 0F COMMERCE & INDUSTRIES )

5 SECTION 5 OF FTDR(FOREIGN TRADE DEVELOPMENT AND REGULATION) ACT 1992 CONFERRED POWER TO NOTIFY FOREIGN TRADE POLICY

6 FUNCTIONING ALL POWERS ARE DERIVED FROM F.T.(DEVELOPMENT&REGULATION )ACT, 1992 AND RULES AND ORDER MADE THEIR UNDER. FOREIGN TRADE POLICY IS ISSUED THEIR UNDER FOR FIVE YEARS TERMS WHICH IS AMENDED TIME TO TIME BY NOTIFICATIONS ANNUAL SUPPLIMENT IS ALSO ISSUED INCORPORATING ALL AMMENDMENTS.

7 FOREIGN TRADE POLICY BOOK CONSISTS OF NINE CHAPTERS

8 CHAPTERS 1A LEGAL FRAME WORK 1B SPECIAL FOCUS INITIATIVE 1C BOARD OF TRADE 2 GENERAL PROVISIOS REGARDING IMPORT & EXPORT 3 PROMOTIONAL MEASURES 4 DUTY EXEMPTION & REMISSION SCHEMES 5 EPCG SCHEMES 6 EOUs, EHTPs,STPs& BTPs 7 SEZ 8 DEEMED EXPORT 9 DEFINATIONS

9 PROCEDURE TO BE FOLLOWED IN ORDER TO UNDER TAKE BUSINESS OF THIS ORGANISATION, FOLLOWING ARE PROCEDURES BOOKS  HAND BOOK OF PROCEDURES VOL-I ( APPLICATION PROCEDURE)  H.B. PROCEDURES VOL-II (INPUT OUTPUT NORMS BOOK)  HS (ITC) CLASSIFICATION BOOK  DEPB RATE LIST

10 EXPORT PROMOTIONAL SCHEME SERVED FROM INDIA SCHEME –UNDER THE SCHEME DUTY CREDIT AT THE RATE OF 10% ON FREE FOREIGN EXCHANGE EARNED DURING LAST YEAR IS GIVEN TO THE SERVICE EXPORTER WHO HAVE EARNED AT LEAST 10 LAHK FOREIGN EXCHANGE IN CASE OF COMPANY AND 5 LAHK IN CASE OF INDIVIDUAL. –CREDIT ALLOWED UNDER THE SCHEME IS NOT TRANSFERABLE FOCUS MARKET SCHEME UNDER THE SCHEME EXPORT OF GOODS TO SOME NOTIFIED NON TRADITIONAL COUNTRIES IS ELEGIBLE FOR DUTY CREDIT @ 3% ON FOB VALUE EARNED CREDIT ISSUED IS FREELY TRANSFERABLE

11 VISHESH KRISHI AND GRAM UDYOG YOJANA –UNDER THE SCHEME DUTY CREDIT AT THE RATE OF 5% ON FREE FOREIGN EXCHANGE OF FOB VALUE OF EXPORT IS GIVEN TO THE EXPORTER –CREDIT ALLOWED UNDER THE SCHEME IS NOT TRANSFERABLE

12 FOCUS PRODUCT SCHEME –UNDER THE SCHEME DUTY CREDIT @ 2% ON FOB IN FREE FOREIGN EXCHANGE EARNED IS ISSUED AGAINST EXPORT OF ITEMS AS NOTIFIED UNDER APPENDIX 37 D –DUTY CREDIT ISSUED UNDER THE SCHEME IS FREELY TRANSFERABLE.

13 DUTY REMISSION SCHEMES ADVANCE AUTHORISATION SCHEME –ALLOWS DUTY FREE IMPORTS OF INPUTS REQUIRED FOR MANUFACTURING OF FINISHED GOODS –LICENCES ARE ISSUED WITH MINIUM 15% VALUE ADDITION HAVING 24 MONTHS VALIDITY FOR IMPORT AND 36 MONTHS FOR DISCHARGE OF STIPULATED EXPORT OBLIGATION –INPUTS ARE ALLOWED AS PER SION FIXED AND PUBISHED IN THE H.B. VOL-II –REVALIDATION FOR FURTHER SIX MONTHS IS ALSO ALLOWED –IF NORMS ARE NOT FIXED, AUTHORISATION CAN BE ISSUED UNDER SELF DECLARATION SCHEME AND IN THAT CASE NORMS ARE FIXED BY H.Q. NORMS COMMITTEE. –SHOERTFALL IF ANY COULD BE REGULARISED ON PAYMENTS OF APPLICABLE DUTIES. –IN CASE OF VIOLATION OR MIS USE OF THE SCHEME, ACTION UNDER F.T.(D&R) ACT, AND F.T.(REGULATION) RULES,1993 ARE TAKEN.

14 DFIA TWO TYPES OF DUTY FREE IMPORT AUTHORIZATION ARE ISSUED –WITH ACTUAL USER CONDITION –WITH TRANSFERABLE CONDITION –20% VALUE ADDITION IS REQUIRED –ON FULFILLMENT OF EXPORT OBLIGATION TRANSFERABILITY IS ALLOWED AND HOLDER OF AUTHORISATION BECOMES FREE TO SALE EITHER CERTIFICATE OR GOODS IMPORTED THEIR UNDER –AUTHORISATION IS ISSUED WITH 24 MONTHS VALIDITY

15 EPCG AUTHORISATION UNDER THIS SCHEME IS ISSUED TO ALLOW IMPORTS OF CAPITAL GOODS ON PAYMENT OF 3% CUSTOMS DUTY FOR REMAINING DUTY EXEMPTION, AUTHORISATION HOLDER NEEDS TO UNDERTAKE 8 TIMES EXPORT OBLIGATION WITHIN 8 YEARS FOR DUTY SAVED AMOUNT LESS THAN 100CR AND 12 YEARS MORE THAN 100CR. RELAXATION TO SSI AND AGRO UNIT IS ALLOWED AUTHORISATIONS ARE ISSUED WITH 36 MONTHS VALIDITY FOR IMPORT OBLIGATION IS REQUIRED TO BE FULFILLED OVER AND ABOVE AVERAGE PERFORMANCE OF THE UNIT DURING LAST THREE YEARS. OBLIGATION IS FULFILLED BY EXPORT OF GOODS MANUFACTURED BY USE OF IMPORTED MACHINE HOWEVER, EXPORT CAN ALSO BE FULFILLED BY EXPORT OF OTHER PRODUCTS PRODUCED BY GROUP COMPANY SUBJECT TO AVERAGE PERFORMANCE OF GROUP COMPANY IS BEING TAKEN INTO ACCOUNT FOR FIXATION OF AVERAGE PERFORMANCE.

16 DEEMED EXPORT REFUND OF DRAW BACK –DUTY PAID ON INPUTS ARE REFUNDED UNDER THE SCHEME AS PER ALL INDUSTRY RATE AND IF ALL INDUSTRY RATE IS NOT AVAILABLE THAN BRAND RATE IS FIXED BY THE COMMITTEE. REFUND OF TERMINAL EXCISE DUTY UNDER THE SCHEME, TERMINAL EXCISE DUTY ACTUALLY PAID ON SUPPLY OF FINISHED GOODS BY DEEMED EXPORTER, WHO QUALIFY UNDER THE CRITERIA MENTIONED UNDER CHAPTER 8 OF THE POLICY IS REFUNDED.

17 THANK YOU -------------------------------------

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