CHEMEXCIL

Basic Chemicals, Cosmetics & Dyes Export Promotion Council

(Set up by Ministry of Commerce & Industry, Government of India)

Jhansi Castle, 4 th floor, 7-Cooperage Road, Mumbai – 400 001.

Tel:  91-22-22021288, 22021330 Fax: 91-22-22026684

E-mail : info@chemexcil.gov.in

Website: www.chemexcil.in

EPC/LIC/IEIS                                                                                                    

ALL MEMBERS OF THE COUNCIL

Dear Members,

We would like to inform you that the O/o DGFT has issued Trade Notice no 04/2016 dated 5 th May 2016regarding removal of restrictions under the Incremental Exports Incentivisation Scheme (January-March of 2013).

As you aware, the Incremental Exports Incentivisation Scheme (IEIS) was initially launched for the last quarter  of 2012-13. The scheme extended duty credit scrip of 2 % on the incremental growth in exports during the period from January-March of 2013 as compared to the period from January-March of 2012 on the FOB value of exports to the US, EU and Asian countries.    Then  O/o DGFT issued  notification no. 44 dated 20/09/2013 restricting the entitlement under the scheme to 25 % growth or incremental growth of Rs 10 crore in value, whichever is less.  Claims in excess of  the same were subject to greater scrutiny by  the DGFT RA’s.

Subsequently, representations were received from the Trade  regarding the restrictions and issues faced. 

Taking cognisance of the same,  DGFT has now  issued Trade Notice no 04/2016 dated 5 th May 2016 removing  restrictions of  25 % growth or incremental growth of Rs 10 crore in value.  However, DGFT RA’s have been advised to exercise due  diligence  while processing such claims.

Members are requested to take note of the same. For further details, members may refer to the attached Trade Notice.

Thanking You,

Yours faithfully,

(S G Bharadi)

Executive Director

Chemexcil

Encl : DGFT T N No.04 dtd.5.5.2016