Amendment in Notification No 30/2012-Central Excise dated 9th July, 2012 Regarding Calculation of Export Performance or For Computation of Entitlements


Dated 27th June 2013

GOVERNMENT OF INDIA, MINISTRY OF FINANCE vide its Notification No. 21 / 2013-Central Excise, dated the 13th June, 2013 notified the amendment in its Notification No 30/2012-Central Excise dated the 9th July, 2012 regarding calculation of export performance or for computation of entitlements as under:

the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following amendments in the notification of the Government of India in the Ministry of Finance(Department of Revenue)No. 30/2012-Central Excise dated the 9th July, 2012, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 542(E), dated the 9th July, 2012, namely :-

In the said notification, in paragraph 2, in condition (a),-

(a)   for the word and figure “Volume I”, the words and figures “Volume I in terms of entitlement under paragraph 3.14.2 or against the exports to the countries or regions specified in paragraph 3.14.4(e) or paragraph 3.14.5(e) of the Foreign Trade Policy, as the case may be” shall be substituted

(b)   in the first proviso, for the words “the Focus Market Scheme”, the words and figures “paragraph 3.14.2 of the Foreign Trade Policy” shall be substituted;

(c)   after the first proviso, the following proviso shall be inserted, namely:-

“Provided further that for the purpose of calculation of export performance or for computation of entitlement under paragraph 3.14.4 or paragraph 3.14.5 of the Foreign Trade Policy, the incremental  growth shall be in respect of each exporter [Importer Exporter Code (IEC) holder] without any scope of  combining the export for group company or for transferring export performance from any other IEC  holder and the incremental growth shall be in terms of freely convertible currency to the designated  markets. The following categories of exports shall not be counted for calculation of export performance or for computation of entitlements:

(I) Export of imported goods or exports made through trans-shipment;
(ii) Export from SEZ/ EOU /EHTP /STPI /BTP/FTWZ;
(iii) Deemed Exports;
(iv) Service Exports;
(v) Third Party exports;
(vi) Diamond, Gold, Silver, Platinum, other precious metal in any form including plain and studded jewelry and other precious and semi-precious stones;
(vii) Ores and concentrates of all types and in all formations;
(viii) Cereals of all types;
(ix) Sugar of all types and all forms;
(x) Crude / petroleum oil and crude / primary and base products of all types and all formulations;
(xi) Export of milk and milk products;
(xii) Export performance made by one exporter on behalf of other exporter;
(xiii) Supplies made to SEZ units;
(xiv) Items, export of which requires an export authorization (except SCOMET);
(xv) Export of Meat and Meat Products;
(xvi) Exports to Singapore, UAE and Hong Kong,
(xvii) SEZ/EOU/EHTP/BTP/FTWZ products exported through DTA units;’’.

Note- The principal notification number 30/2012-Central Excise, dated the 9th July, 2012 was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 542 (E), dated the 9th July, 2012 and was last amended by notification No.17/2013-Central Excise dated the 16th May, 2013 vide number G.S.R. 315(E) dated the 16th May, 2013.

SOURCE: GOVT. OF INDIA, Ministry of Finance

 

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