DGFT Committee Minutes
No.01/60/162/538/AM14/EPCG (PRC)/329330 Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade ………………….. Udyog Bhawan, New Delhi Date: 6th November, 2013
Subject: Issue of corrigendum in case no.24 of PRC Meeting No.24/AM14 held on 08/10/2013 under the Chairmanship of DGFT.
The undersigned is directed to refer to the Minutes of the PRC Meeting No.24/AM14 held on 08/10/2013 under the Chairmanship of Dr. A.K. Pujari, Director General of Foreign Trade. After review of the decision taken in respect of Case No.24 in the said meeting, it has been decided with the approval of competent authority, to modify the aforesaid decision as follows: As in the PRC Minutes Rectified version of PRC Minutes
Case No.24. M/s Glenmark Generics Ltd,
Mumbai. F.No. 01/60/162/538/AM14/EFGC (PRC) PRC Mee녽�ng No. 24/AM14 dated 08.10.2013
Subject: ‐ Request for extension of EOP for
Advance Authoriza녽�on No. 0310561319 dated 22.02.2010 for regulariza녽�on purpose and PC‐18 waiver for Advance Authoriza녽�on No. 0310611016 dated 14.01.2011, both issued under PC‐9 condi녽�on. The Commi禉�ee noted that the applicant has imported goods under Advance Authoriza녽�on No. 0310561319 dated 22.02.2010 but exported 13.949% under Advance Authoriza녽�on No. 0310611016 dated 14.01.2011 through two shipping bills dated 19.7.2011 and 23.9.2011. The EO period under Advance Authoriza녽�on No. 0310561319 dated 22.02.2010 could be
Case No.24. M/s Glenmark Generics Ltd,
Mumbai. F.No. 01/60/162/538/AM14/EFGC (PRC) PRC Mee녽�ng No. 24/AM14 dated 08.10.2013
Subject: ‐ Request for extension of EOP for
Advance Authoriza녽�on No. 0310561319 dated 22.02.2010 for regulariza녽�on purpose and PC‐18 waiver for Advance Authoriza녽�on No. 0310611016 dated 14.01.2011, both issued under PC‐9 condi녽�on. The Commi禉�ee noted that the applicant has imported goods under Advance Authoriza녽�on No. 0310561319 dated 22.02.2010 but exported 13.949% under Advance Authoriza녽�on No. 0310611016 dated 14.01.2011 through two shipping bills dated 24.01.2011 and 23.02.2011. The EO period under Advance Authoriza녽�on No. 0310561319 dated
extended upto 18 months only from the date of first import. Accordingly, the Commi禉�ee decided the following: i. Export obligation period is extended from 12 months to 18 months i.e. upto 31.8.2011 from the date of first import consignment. ii. It was also decided to account for S/bill dt. 19.7.2011 made under Advance Authorization no. 0310611016 dt. 14.1.2011 for discharge of EO against Advance Authorization no. 0310561319 dated 22.02.2010. iii. This is only for regularization and closure purpose. iv. This is subject to a payment of composition fee @ 0.5% of FOB value of export made outside the original EOP and minimum value addition of 15% as prescribed under
para 4.1.6 of FTP.
v. The applicant has to pay duty +interest on inputs consumed and exported after 18 months from date of first import. vi. PC18 condition is waived on these exports to the extent of requirement of reexport/ destruction certificate on export made outside the extended EOP. (Ac녽�on: RA, Mumbai) 22.02.2010 could be extended upto 18 months only from the date of first import. Accordingly, the Commi禉�ee decided the following: i. Export obligation period is extended from 12 months to 18 months i.e. upto 31.8.2011 from the date of first import consignment. ii. It was also decided to account for S/bill No.2318090 dt. 24.01.2011 and S/bill No.2610634 dated 23.02.2011 made under Advance Authorization no. 0310611016 dt. 14.1.2011 for discharge of EO against Advance Authorization no. 0310561319 dated 22.02.2010. iii. This is only for regularization and closure purpose. iv. This is subject to a payment of composition fee @ 0.5% of FOB value of export made outside the original EOP and minimum value addition of 15% as prescribed under
para 4.1.6 of FTP.
v. The applicant has to pay duty +interest on inputs consumed and exported after 18 months from date of first import. vi. PC18 condition is waived on these exports to the extent of requirement of reexport/ destruction certificate on export made outside the extended EOP. (Action: RA, Mumbai)
(S K MOHAPATRA) Dy. Director General (PRC) To 1. The Zonal Joint Director General of Foreign Trade, Nishtha Bhawan (New C.G.O. Bldg.), 48, Vithaldas Thackersey Marg, New Marine Lines, Churchgate, Mumbai 400020. 2. M/s Glenmark Pharmaceuticals Ltd., 7D, Atmaram House, 1 Tolstoy Marg, New Delhi – 110001 (w.r.t. letter No.GGL21/2013 dated 17/10/2013).
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