Both Malleable or Non Malleable of ‘Other
Cast Articles of Iron or Steel’ under ITC(HS) Code
7325 Eligible for FTP Benefits
[DGFT Trade
Notice No. 08 dated 9th June 2016]
Subject :-
Clarification regarding FPS benefits to "Other Cast Articles of Iron &
Steel"- ITC (HS) code- 7325 under Sl. No. 279 of Appendix 37 D as revised
vide Public Notice 52 dated 25.02.2014.
The
following entries in the Appendix 37D provides benefit of FPS to the Articles
of Iron & Steel.
SNo. |
Item Description |
ITC (HS) Code |
240 |
Cast Articles of Alloy steel malleable |
73259920 |
241 |
Cast Articles of Stainless Steel malleable |
73259930 |
279 |
Other Cast Articles of Iron & Steel |
7325 |
2. One of the RAs has sought clarification on the
following issues:
If the
purpose of FTP is to grant FPS benefit only to Malleable Products under the
If the
purpose of FTP is to grant FPS to all the products falling under the HS Code
group 7325 whether it is malleable or not then all the claim with Sl. No 279 of
Appendix 37 D with
3. The issue has been examined in this
Directorate. The entry at Sl. No. 279 of Appendix 37 D with ITC (HS) Code 7325 does
not have any condition that the products are to be malleable or non- malleable.
Therefore, it is clarified that all "Other Cast Articles of Iron or
Steel" failing under the four digit ITC(HS) Code- 7325 whether malleable
or non- malleable are eligible for FPS under the entry at serial no. 279 of Appendix
37 D as revised vide Public Notice no. 52 dated 25.02.2014.
4. This issues with the approval of the competent
authority.