What is the time period for DGFT to process a Focus Market Scheme application and for the this incentive to reach the exporter ?
1 Replies
RAMESH KUMAR VERMA
( CS PURSUING )
(43853 Points)
Replied 10 January 2012
Policy pertaining to FPS is given in Chapter 3 of FTP. Notified Products are listed in Appendix 37D.AS PER Para 3.8 of HBP 2009-2014.
An application for exports made from 27.8.2009 onwards shall be filed, with RA concerned in ANF3C along with documents prescribed therein. Eligibility of Focus Product (as in Appendix 37C) shall be determined from date of export as per Para 9.12 of HBP v1.
AS PER PARA 3.11.9 OF HAND BOOK OF PROCEDURES LAST DATE OF APPLICATION OF FMS :
Applications for obtaining Duty Credit Scrip shall be filed within a period of twelve months from the date of export or within six months from the date of realization or three months from the date of printing / release of shipping bill, whichever is later, in respect of shipments for which claim is being filed. Further, for shipments already made prior to the inclusion/modification of the items / markets in relevant appendices by various Public Notices issued from time to time; the last date for filing applications shall be six months from the end of the month of the relevant Public Notice that included.
Regards,
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