Page 37 - Chemexcil NEWS August - September 2017 for web
P. 37
SMS and e-mail alerts to keep all stakeholders of Revenue (Central Board of Excise and Customs)
abreast of the progress,” the Ministry said. for scrutiny and comments. Department of
Revenue (CBEC) then sends the copies of this
“This approach was conceived under the broader application to the Jurisdictional Commissioners
umbrella motto of the government – ‘Minimum in the field and thereafter on receiving a report
Government, Maximum Governance’,” the from them sends their clearances to Department
statement said. of Commerce.
The approval process for setting up an ICD/CFS/ Upon receiving the comments from the Ministry of
AFS involves many departments.This is facilitated Railways, Shipping, Civil Aviation and Department
through an Inter-Ministerial Committee (IMC) of Revenue (CBEC), a meeting of Inter-Ministerial
which consists of officials from Ministries of Committee is convened wherein the application is
Commerce, Finance (Department of Revenue), reviewed on the basis of the comments received
Railways and Shipping. If required, the view of the and a decision taken on issue of the Letter of Intent
respective state government is also sought. to the applicant.
This IMC is housed in the Department of Commerce Upon receiving the approval, the applicant is
which is mandated to act as a single window for required to set up the infrastructure within one
the approval process. year from the date of approval.The IMC may grant
an extension of six months after reviewing the
Under the current process, an applicant submits justification for delays given by the party.
as many as 10 physical copies of the application
form with requisite documents to Infrastructure After the applicant has put up the required
Division at the Department of Commerce infrastructure, conformed with the security
(DoC), besides one copy with the Jurisdictional standards of the Jurisdictional Commissioner of
Commissioner of Customs. Customs and provided a bond backed by bank
guarantee to the Customs, a final clearance and
The current process of examination of application Customs notification is issued by the Customs
is very cumbersome, and the application form department which then declares the facility
very bulky with ancillary material running into operational.
almost 500-1,000 pages.This is initially scrutinised
by the Department of Commerce for adherence to (Ref. http://www.india.com/news/agencies/now-companies-
the land acquisition guidelines. can-apply-online-to-set-up-inland-container-depot-2411534/
dated 18th August-2017)
Copies of the application are then sent to Ministry of
Railways, Shipping, Civil Aviation and Department
14. TRADE POLICY REVIEW MAY LOOK TO HELP EXPORTERS WITH GST
BLUES
NEW DELHI, AUGUST 20: scheme to allow Integrated GST (IGST) exemption
on imported inputs, in addition to basic customs
The mid-term review of the Foreign Trade Poli- duty, a government official told BusinessLine.
cy (FTP) — likely next month — may provide
relief to exporters reeling under the impact of the Changes are also likely to rules on supplies to
new Goods and Services Tax (GST) regime, with export-oriented units (EOUs) from the domestic
the Centre examining if some lost benefits could tariff area (DTA), which are currently not being
be restored. treated as ‘deemed exports’.
The Commerce Ministry is in talks with the “Exporters have been complaining that
Finance Ministry and the GST Council to expand by restricting exemptions in the advance
the scope of the popular ‘Advance Authorisation’ authorisation to only the basic customs duties
35 August-September-2017