Exporters may file letters for Duty Credit Scrips of addl 2% under MLFPS: DGFT
Updated: Nov 05, 2015 04:04:43pm
New Delhi, Nov 5 (KNN) The Directorate General of Foreign Trade (DGFT) has received several representations that few exporters have already filed their application for Focus Product Scheme (FPS) and received their claim, but they are eligible for duty credit scrips of additional 2% under Market Linked Focus Product Scheme (MLFPS).
DGFT pointed that such exporters are unable to file their applications online as their shipping bills have already been utilised to claim benefit under FPS and the system does not allow the claim of additional benefit on the utilised shipping bills 3.
To sort out the issue, DGFT said, “It is decided that the exporters may file a letter with the concerned RA to claim additional benefit intimating the details of earlier application No. (E-Com Reference no.) file no. etc. along with shipping bill number, date of shipping bill, description etc. and coverage indicating serial no. of the Public Notice. RA may verify the claim and thereafter issue supplementary scrip.”
Under the Foreign Trade Policy 2009-14, DGFT allowed for grant of additional Duty Credit Scrips @ 2% to certain specified products under the Market Linked Focus Product Scheme (MLFPS) for exports made w.e.f. 1.3.2014 to 31.8.2014 if exported to the EU (27 countries). This 2% duty credit scrips was in addition to the benefits of 2% under Focus Product Scheme (FPS). (KNN Bureau)
DGFT pointed that such exporters are unable to file their applications online as their shipping bills have already been utilised to claim benefit under FPS and the system does not allow the claim of additional benefit on the utilised shipping bills 3.
To sort out the issue, DGFT said, “It is decided that the exporters may file a letter with the concerned RA to claim additional benefit intimating the details of earlier application No. (E-Com Reference no.) file no. etc. along with shipping bill number, date of shipping bill, description etc. and coverage indicating serial no. of the Public Notice. RA may verify the claim and thereafter issue supplementary scrip.”
Under the Foreign Trade Policy 2009-14, DGFT allowed for grant of additional Duty Credit Scrips @ 2% to certain specified products under the Market Linked Focus Product Scheme (MLFPS) for exports made w.e.f. 1.3.2014 to 31.8.2014 if exported to the EU (27 countries). This 2% duty credit scrips was in addition to the benefits of 2% under Focus Product Scheme (FPS). (KNN Bureau)
Loading...
