DFCE and Target Plus Scheme Benefits for Status Holders under Para 3.7.2.1(vi) of 2004-09 old Policy

[Customs Notification No. 105 dated 14th September 2009]

In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby directs that each of the notifications of the Government of India in the Ministry of Finance (Department of Revenue), specified in column (2) of the Table below, shall be amended or further amended, as the case may be, in the manner specified in the corresponding entry in column (3) of the said Table, namely :-

Table

Sl.No.

Notification No. and date

Amendment

(1)

(2)

(3)

1.

53/2003-Customs,dated the 1st April, 2003

[Vide number G.S.R 277(E), dated the 1st April, 2003]

[DFCE Imports by Status Holders (p151)]

In the said notification,for the portion beginning with “In exercise of the powers conferred by sub-section (1)” and ending with “Export and Import Policy” the following shall be substituted,namely,-

“In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts , -

(i) the goods specified in para 3.7.2.1(vi) of the Export Import Policy and in serial number 509 of notification number 21/2002-Customs dated 1.3.2002, in case they are imported by the status holders of marine sector;

(ii) the goods specified in para 3.7.2.1(vi) of the export Import Policy in case they are imported by the status holders of other sectors;

when imported into India against a Duty Credit Entitlement Certificate (hereinafter referred to as the said certificate) issued under paragraph 3.7.2.1(vi) of the Export and Import Policy “

2.

32/2005-Customs, dated the 8th April, 2005

[Vide number G.S.R 222(E), dated the 8th April, 2005]

[Target Plus Scheme Imports by Star Export Houses in FTP 2004-05 (p151)]

In the said notification,for the portion beginning with “In exercise of the powers conferred by sub-section (1)” and ending with “Foreign Trade Policy(hereinafter referred to as the said policy) from ” the following shall be substituted,namely,-

“In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts , -

(i) the goods specified in para 3.7 of the Foreign Trade Policy and in serial number 509 of notification number 21/2002-Customs dated 1.3.2002, in case they are imported by the status holders of marine sector;

(ii) the goods specified in para 3.7 of the Foreign Trade Policy in case they are imported by the status holders of other sectors;

when imported into India against a Duty Credit Certificate (hereinafter referred to as the said certificate) issued under paragraph 3.7 of the Foreign Trade Policy) from “

3.

73/2006-Customs, dated the 10th July, 2006

[Vide number G.S.R408(E), dated the 10th July, 2006

[Target Plus Scheme Imports for 2005-06 Exports (p152)]

In the said notification,for the portion beginning with “In exercise of the powers conferred by sub-section (1)” and ending with “Foreign Trade Policy(hereinafter referred to as the said policy) from ” the following shall be substituted,namely,-

“In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts , -

(i) the goods specified in para 3.7 of the Foreign Trade Policy and in serial number 509 of notification number 21/2002-Customs dated 1.3.2002, in case they are imported by the status holders of marine sector;

(ii) the goods specified in para 3.7 of the Foreign Trade Policy in case they are imported by the status holders of other sectors;

when imported into India against a Duty Credit Certificate (hereinafter referred to as the said certificate) issued under paragraph 3.7 of the Foreign Trade Policy) from “

[F.No.605/58/2009-DBK]