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Inter-face with DGFT has been
reduced considerably as can be seen from the following measures: The
export obligation period under Advance Licence has been enhanced from 12
months to 18 months and similarly the validity of the Advance Licence
has been enhanced from 12 months to 18 months. Hence the exporter gets
more time for export and import automatically without coming to DGFT for
extension.
In case the exporter is not able to complete exports even in this
enhanced period, provision has been made for extension of export
obligation period by Regional Licensing Authority to the extent of 6
months on payment of penalty@ 1% of unfulfilled export obligation value.
This will also provide an incentive to the exporter to complete export
obligation within the original period of 18 months. Jigs, Tools,
Fixtures, Moulds, Tackles, Computer Hardwares and Instruments imported
for the purpose of jobbing under DES can now be retained on payment of
Customs Duty without the permission of Advance Licensing Committee if
the item imported is not in the Negative List of Imports.
The value limit for Advance Licence under production programme basis
has been enhanced from 25% of average FOB value of his exports to 100%
of average FOB value of his exports so that the exporter could obtain
Advance Licence in one go for his requirement and does not have to come
to Regional Licence Authority time and again.
The financial powers of Regional Licensing Authority for issuance of
licence where input-output norms have already been fixed and for issue
of EPCG licences has been enhanced so that the parties could get the
facility at the nearest point. Exporters of Gem & Jewellery earlier
had to complete the exports within 90 days in outright purchase basis or
Replenishment Scheme or within 60 days under Loan Scheme and his period
could be further extended by 30 days.
The time period under all these categories has been enhanced by 30 days
straight away without any provision of further extension so that the
exporter does not have to come to DGFT for getting extension.
Counter-Assistance System in the Headquarters DGFT and all the Regional
Licensing Offices will be further strengthened and Head of the Office
will be personally responsible for streamlining the Counter-Assistance
System inrespect of every scheme under EXIM Policy so that delays do not
occur in processing applications under the various EXIM Policy Schemes.
Wherever exporters cannot file their claims for incentives under EXIM
Policy because of genuine reasons, a facility has been provided to
consider such applications which have been submitted late but not later
than six months of the specified last date, by applying a cut of 10% on
their entitlement. This will do away with the need to request for
relaxation of the Policy and Procedures for accepting late applications.
Every attempt has been made to clearly specify the operational
requirements under various schemes to avoid the need for seeking
clarifications. Need to submit a large number of documents with every
application has been reviewed and the minimum number of documents
prescribed. Besides, the repetitive nature of information sought in
every application has been dispensed with and application forms have
been greatly streamlined and rationalised to elicit only the barest
essential information required for giving exporters the benefit of EXIM
Policy Schemes.
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