Silk Carpets under FPS – Drawback Code also Eligible to Benefit

[DGFT Public Notice No. 50 dated 27^th May 2011]

Subject: Bonus benefit to silk carpets under ITC HS code 57019090 and drawback code 570102.

In exercise of the powers conferred under Paragraph 2.4 of the Foreign Trade Policy, 2009-14, the Director General of Foreign Trade hereby makes an amendment in Public Notice No:2(RE2010)/2009-14 dated 23^rd August 2010.

2. Public Notice No: 2 dated 23^rd August 2010 had added table 7 in the Product Category under the Focus Product Scheme for granting bonus benefit to certain sectors for export made with effect from 1.4.2010. Sr no 156 of this table stipulated bonus benefit to silk carpets exported under ITC HS codes 57023920, 57024920, 57025032, 57029920 and 57050011. In pursuance of the intention of the Government to grant bonus benefit to silk carpets, ITC HS code 57019090 having drawback code 570102 is deemed to have been added to this list for grant of bonus benefits for exports made with effect from 1.4.2010.

3. Bonus benefit for ITC HS code 57019090 will be granted only if the Shipping bill also mentions the corresponding drawback code 570102.This is to ensure that bonus benefit is availed only for silk carpets.

Effect of this Public Notice:

Bonus benefit under Focus Product Scheme available to silk carpets would also include such silk carpets exported under ITC HS code 57019090 with drawback code 570102 duly endorsed on the respective shipping bills. This will be with effect from 1.4.2010.