IN FORCE undated

Regularization of EO default and settlement of Customs duty and interest through Settlement Commission

Reliability

IN FORCE

In force — no superseding record on file.

Issuer: DGFT
Type: FTP/HBP Paragraph
Date: undated

Referenced in this document

Policy

Para 2.15
FTP HBP

FTP 2.15 · Firm/company under adjudication

proceeding before the National Company Law Tribunal (NCLT) Any firm/company coming under the adjudication proceeding before the National Company Law Tribunal (NCLT) shall inform the concerned Regional Authority (RA) and NCLT of any outstanding export obligations/liabilities under any of the schemes under FTP. The total outstanding duty saved amount/dues along with interest, and any penalty imposed under FT (D&R) Act, or any other dues, shall be counted as…

as published in CHAPTER 02 - GENERAL PROVISIONS REGARDING IMPORTS AND EXPORTS

HBP 2.15 · Profile of Importer / Exporter

a) ANF-1 contains the profile of the importer/exporter. IEC Holder shall be responsible for updating the same as and when a change takes place immediately or in any case at least once in a year. b) Documents which are uploaded in the Importer-Exporter Profile are not required to be filed each time the importer/exporter applies for authorisation/scrip/ licence/ registration under different schemes of this FTP. c) Proof of status as manufacturer exporter i…

as published in CHAPTER 02 - GENERAL PROVISIONS REGARDING IMPORTS AND EXPORTS

↧ jump to it in the text
Also cited by 11 other documents:
See all documents citing Para 2.15 →
Para 2.61
FTP HBP

FTP 2.61 · Regularization of EO default and

settlement of Customs duty and interest through Settlement Commission With a view to providing assistance to firms who have defaulted under FTP for reasons beyond their control as also facilitating merger, acquisition and rehabilitation of sick units, it has been decided to empower Settlement Commission in Department of Revenue to decide such cases also with effect from 01.04.2005. However, in cases where the matter is under the purview of the NCLT, Para…

as published in CHAPTER 02 - GENERAL PROVISIONS REGARDING IMPORTS AND EXPORTS

HBP 2.61 · Sale of Exhibits

(a) Restricted Items: Sale of exhibits of restricted items, mentioned in ITC (HS), imported for an international exhibition / fair may also be made, without an Authorisation within bond period allowed for re-export, on payment of applicable customs duties, subject to a ceiling limit of Rs.5 lakh (CIF) for such exhibits for each exhibitor. (b) Freely importable items: However, sale of exhibits of items which are freely importable shall be allowed within bo…

as published in CHAPTER 02 - GENERAL PROVISIONS REGARDING IMPORTS AND EXPORTS

Also cited by 13 other documents:
See all documents citing Para 2.61 →

Document text

2.61 — Regularization of EO default and settlement of Customs duty and interest through Settlement Commission

With a view to providing assistance to firms who have defaulted under FTP for reasons beyond their control as also facilitating merger, acquisition and rehabilitation of sick units, it has been decided to empower Settlement Commission in Department of Revenue to decide such cases also with effect from 01.04.2005. However, in cases where the matter is under the purview of the NCLT, Para 2.15 of the FTP shall apply.

Self-Certification of Originating Goods:

Verbatim extracted text (OCR/PDF). Older scans and tables may show extraction artifacts — verify against the original for anything you act on.

Analysis

No analysis has been generated for this document yet.