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22/2017-Cus dt. 31-05-2017

Seek to further amend Notification No. 73/2006-Customs dated 10th July, 2006 which exempts import against Duty Credit Certificate issued under Target Plus Scheme

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Opinion

The following categories of exports made during the period specified shall not be counted for calculation of export performance or for computation of entitlement under the scheme:
  From 1st April, 2005 to 19th February, 2006   From 20th February, 2006 onwards
1. export of imported goods covered under para 2.35 of the Foreign Trade Policy or exports made through transshipment 1. export of imported goods covered under para 2.35 of the Foreign Trade Policy or exports made through transshipment
2. export turnover of units operating under SEZ/EOU/EHTP/STP/BTP Schemes or products manufactured by them and exported through Domestic Tariff Area units; 2. export turnover of units operating under SEZ/EOU/EHTP/STP/BTP Schemes or supplies made to such units or products manufactured by them and exported through Domestic Tariff Area units;
3. deemed exports (even when payments are received in Free Foreign Exchange and payment is made from Exchange Earners' Foreign Currency account) 3. deemed exports (even when payments are received in Free Foreign Exchange and payment is made from Exchange Earners' Foreign Currency account)
4. service exports 4. service exports
5. rough, uncut and semi polished diamonds and other precious stones 5. diamonds and other precious, semi precious stones
6. export of gold, silver, platinum and other precious metals in any form, including plain and studded jewellery 6. exports of gold, silver, platinum and other precious metals in any form, including plain and studded jewellery
7. export performance made by one exporter on behalf of another exporter 7. ores and concentrates, of all types and in all forms
    8. cereals, of all types
    9. sugar, of all types and in all forms
    10. crude or petroleum oil and crude/petroleum based products covered under ITC HS Codes 2709 to 2715, of all types and in all forms
    11. export performance made by one exporter on behalf of another exporter.
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PRADEEP JAIN, F.C.A.

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