FTP - Inviting Suggestions to prevent unintended benefit under Incremental Export Incentivisation Scheme
'INCREMENTAL Export Incentivisation Scheme' was announced by Notification No. 27 dated 28.12.2012 and Notification No. 3 dated 18.04.2013.
DGFT wants RAs to be more careful to prevent unintended benefit under the scheme in cases where growth in exports is more than 25 % or the total incremental growth is Rs. 10 crore or more. Their scrutiny of the claim may require, inter alia,
1. Calling for evidence of manufacture / purchase of export goods i.e. excise return/sales tax returns or any other evidence.
2. Checking exports of company from whom goods have been purchased i.e. whether such company had done export in previous 2 years and quantum of exports in current year.
3. Calling for any other evidence to justify export growth and consequent entitlement of IEIS.
DGFT also requests/encourages stakeholders to give feedback /suggestion on the above matter preferably through e-mail to hardeep.singh@nic.in up to 18.00 hrs on 20.08.2013.
DGFT Trade Notice No. 6/2013, Dated: July 31, 2013