Indiamart
Kolkata, West Bengal
Products & Services

Services

We are a leading service provider for the Services which includes services like FOCUS MARKET & Advance License since 2009

FOCUS MARKET

The objective of the Focus Market Scheme is to offset the high freight cost and other disabilities to select international markets with a view to enhance our export competitiveness to these countries. Exports of all products to the notified countries shall be entitled for duty credit scrip equivalent to 2.5% of the FOB value of exports for each licensing year commencing from 1st April, 2006. The scrip and the items imported against it would be freely transferable. Under the Scheme, export to all countries as specified in the Handbook of Procedures (Vol. I) shall qualify for export benefits with certain exceptions as outlined. The Duty Credit may be used for import of inputs or goods including capital goods, provided the same is freely importable under ITC (HS). Exporters shall have the option to apply for benefit either under the Focus Market Scheme or under the Focus Product Scheme or under Vishesh Krishi and Gram Udyog Yojana in respect of the same exported product/s.

Advance License

An Advance Authorisation / Advance Intermediate Authorisation is issued to allow duty free import of inputs, which are physically incorporated in the export product. In addition, fuel, oil, energy, catalysts etc. which are consumed in the course of their use to obtain the export product, may also be allowed under the scheme. Advance Authorisation can be issued for:- o Physical Exports; o Intermediate Supplies; o Deemed Exports;

VKUY Licensing Service

The objective of the Vishesh Krishi Gram Upaj Yojana (VKGUY) is to promote exports of: a) Agricultural produce and their Value added products; b) Minor Forest Produce and their value added variants; c) Gram Udyog Products; d) Forest Based Products Duty scrip benefits are granted with aim to compensate high transport costs. Exporters of notified products shall be entitled for duty credit scrip equivalent to 5.00% of the FOB value of exports. The scrip and the items imported against it would be freely transferable. All Status Holders shall be incentivised with duty credit script equal to 10% of FOB value of agricultural exports which can be used for duty free import / procurement of capital goods related to infrastructure meant for agro-processing to promote agricultural exports. Under the Scheme, export of such products as specified in the Handbook of Procedures (Vol. I) shall qualify for export benefits with certain exceptions as outlined. The Duty Credit may be used for import of inputs or goods including capital goods, provided the same is freely importable under ITC (HS). Exporters shall have the option to apply for benefit either under the Focus Market Scheme or under the Focus Product Scheme or under Vishesh Krishi and Gram Udyog Yojana in respect of the same exported product/s.

Export House

Merchant as well as Manufacturer Exporters, Service Providers, Export Oriented Units (EOUs) and Units located in Special Economic Zones (SEZs), Agri Export Zone (AEZs), Electronic Hardware Technology Parks (EHTPs), Software Technology Parks (STPs) and Bio Technology Parks (BTPs) shall be eligible for status. Applicant shall be categorized depending on his total FOB (FOR - for deemed exports) export performance during current plus previous three years (taken together) upon exceeding limit below. For Export House (EH) Status, export performance is necessary in at least two out of four years (i.e., current plus previous three years). Category Performance (Rupees in Crores) Export House (EH)20 Star Export House (SEH)100 Trading House (TH)500 Star Trading House (STH)2500 Premier Trading House (PTH)10000 A Status Holder shall be eligible for the following facilities: -Authorisations and Customs clearances for both imports and exports on self-declaration basis; -Fixation of Input-Output norms on priority within 60 days; -Exemption from compulsory negotiation of documents through banks. Remittance / Receipts, however, would be received through banking channels; -100% retention of foreign exchange in EEFC account; -Enhancement in normal repatriation period from 180 days to 360 days; -Exemption from furnishing of Bank Guarantee in Schemes under FTP; -SEH and above shall be permitted to establish Export Warehouses as per DoR guidelines. Target Plus Incentive previously available to Status Holders stands abolished for exports from 01.04.2006 vide Notification No: 57 (RE-2005)/2004-2009 dt: 31.03.2006. Relevant paragraph in the policy stands deleted.

Focus Product

The objective of the Focus Product Scheme is to incentivise export of such products which have high employment intensity in rural and semi urban areas so as to offset the inherent infrastructure inefficiencies and other associated costs involved in marketing of these products. Exports of notified products to all countries shall be entitled for duty credit scrip equivalent to 1.25% of the FOB value of exports for each licensing year commencing from 1st April, 2006. The scrip and the items imported against it would be freely transferable. Under the Scheme, export of such products as specified in the Handbook of Procedures (Vol. I) shall qualify for export benefits with certain exceptions as outlined. The Duty Credit may be used for import of inputs or goods including capital goods, provided the same is freely importable under ITC (HS). Exporters shall have the option to apply for benefit either under the Focus Market Scheme or under the Focus Product Scheme or under Vishesh Krishi and Gram Udyog Yojana in respect of the same exported product/s.

Deemed Exports

Deemed Exports" refers to those transactions in which the goods supplied do not leave the country and the payment for such supplies is received either in Indian rupees or in free foreign exchange Deemed exports shall be eligible for any / all of the following benefits in respect of manufacture and supply of goods qualifying as deemed exports subject to the terms and conditions as given in Handbook (Vol. I) viz.:-- i. Benefit of duty free imports of inputs; ii. Refund of Terminal Excise Duty;

DEPB

The objective of Duty Entitlement Pass Book (DEPB) is to neutralise the incidence of Customs duty on the import content of the export product. The neutralisation shall be provided by way of grant of duty credit against the export product. Under the DEPB, an exporter may apply for credit, as a specified percentage of FOB value of exports, made in freely convertible currency. DEPB Scheme has been extended till December 31, 2009. Duty Free Replenishment Certificate (DFRC) shall be available for exports only up to 30.04.2006. This scheme is being replaced by the Duty Free Import Authorisation (DFIA) w.e.f. 01.05.2006.

EPCG Licensing Services

The EPCG scheme allows import of capital goods for pre production, production and post production at 3% Customs duty subject to an export obligation equivalent to 8 times of duty saved on capital goods imported to be fulfilled over a period of 8 years reckoned from the date of issuance of the authorisation. The capital goods shall include spares (including refurbished/ reconditioned spares), tools, jigs, fixtures, dies and moulds. EPCG Authorisation may also be issued for import of components of such capital goods required for assembly or manufacturer of capital goods by the authorisation holder. An EPCG authorisation can also be issued for import of capital goods for supply to projects notified by the Central Board of Excise and Customs under wherein the basic customs duty on imports is 10% with a CVD of 14%. Payment of Duty under EPCG Scheme, through debit of DEPB or other duty credit scrips would be allowed w.e.f. 01.01.2009

Importer Exporter Code

1) What is an IEC Certificate and who can procure it? a. IEC stand for Import Export Code Certificate issued by the Director General of Foreign trade registering an individual, firm, organization, entity, etc as an Exporter or Importer. b. An IEC can be obtained by any PAN Holder desirous of conducting Exports or Imports. 2) What is the tenure of an IEC? a. An IEC once issued is permanent in nature till the same is surrendered by the IEC holder or cancelled by the Licencing Authority upon any default made be the IEC holder. 3) How often is the IEC required to be updated? a. An IEC once issued needs to be updated within 90 days in the case of the following: 1. If there is any change in the 1. Name of the IEC holder; 2. Address of Registered / Branch office / Factory address; 3. Constitution viz. Change in Directors, conversion from Proprietorship concern to Firm, Firm to Company, Pvt Ltd to Public Ltd, change in Bank details, etc. 4. PAN Details of the IEC holder. 2. Any change is required by the Government for moving towards an Integrated One Number Regime; b. Upon the change being intimated beyond a period of 90 days, the changes shall be registered by the RLA upon payment of a penalty;

Also Deals In

  • Advance License Consultancy
  • DEPB Consultancy
  • EPCG Consultancy
  • Liasioning Agent
  • VKUY Consultancy
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