Dear Sir/ Madam,

 

Kindly note that the   O/o DGFT, New Delhi has issued PN 48/2015-2020  dated 29/12/2016 regarding  procedure for claiming Duty Credit Scrips under Chapter 3 of FTP 2009-14 for shipments where LEO date is up-to 31.03.2015 but date of export is on or after 01.04.2015.

 

As you are aware, for claiming Chapter 3 incentives under FTP 2009-14,  eligibility was determined by “date of export”  as per para 9.12 i.e.  On-board  B/L date in case of sea shipment and so forth.   Whereas, under FTP 2015-20 the eligibility is determined by Let Export Order (LEO) as per para 2.17(b) and 9.12 (D) of HBP Vol 1.  Due to this change in criteria in FTP 2015-20, shipments  where LEO date was before 31/03/2015 but shipment date was after 01/04/2015 had become in-eligible for  Chapter 3 incentives under FTP 2009-14.  

 

In this regard, representations where received by the Council/ Industry which were taken up with DGFT RA and HO for  allowing such cases.   We are glad to inform you that O/o DGFT has taken cognisance of the requests of trade/ industry  and issued this PN which will enable them claim  chapter 3 incentives  of FTP 2009-14 where LEO date is  up-to 31/03/2015 but date of export is after 01/04/2015.  In such cases, LEO date will be considered as date of Export.

 

Further, such applications have to be filed with Respective RA’s by 31st March 2017 without late cut.   However, applications filed after March 31, 2017 will be subjected to  late cut.

 

Members are request to take note of this  important development and arrange to do the needful if applicable.  For further details, the  PN 48/2015-2020  dated 29/12/2016 can be downloaded using below link-

 

http://dgft.gov.in/Exim/2000/PN/PN16/PN4816_English.pdf

 

 

Thanking You,

 

Yours faithfully,

 

S.G. BHARADI
EXECUTIVE DIRECTOR
CHEMEXCIL

Encl : PN4816 English LEO