Reg ftp benefits to sez (ftp 2015-20)

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

06 April 2015 Can anybody explain

As per new FTP notification 1/2015-20. How SEZ unit can avail the incentive benefit? They can not avail thru Sett Off, because all imports goods are on duty forgone basis.

What is the procedure?

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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06 April 2015 merchandise export from india scheme
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as per foreign trade policy 2015-2020" para 3.06 Ineligible categories under MEIS
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The following exports categories /sectors shall be ineligible for Duty Credit Scrip entitlement under MEIS
(i) EOUs / EHTPs / BTPs/ STPs who are availing direct tax benefits / exemption.
(ii) Supplies made from DTA units to SEZ units
(iii) Export of imported goods covered under paragraph 2.46 of FTP;
(iv) Exports through trans-shipment, meaning thereby exports that are originating in third country but trans-shipped through India;
(v) Deemed Exports;
(vi) SEZ/EOU/EHTP/BPT/FTWZ products exported through DTA units;
(vii) Items, which are restricted or prohibited for export under Schedule-2 of Export Policy in ITC (HS), unless specifically notified in Appendix 3B.
(viii)Service Export.
(ix) Red sanders and beach sand.
(x) Export products which are subject to Minimum export price or export duty.
(xi) Diamond Gold, Silver, Platinum, other precious metal in any form including plain and studded jewellery and other precious and semi-precious stones.

Exports of notified goods/products with ITC[HS] code, to notified markets as listed in Appendix 3B, shall be rewarded under MEIS. Appendix 3B also lists the rate(s) of rewards on various notified products [ITC (HS) code wise]. The basis of calculation of reward would be on realised FOB value of exports in free foreign exchange, or on FOB value of exports as given in the Shipping Bills in free foreign exchange, whichever is less, unless otherwise specified.