Exemption to goods imported/procured from warehouses or international exhibitions in India for production, packaging or manufacture of export goods by EOU/STP/EHTP units
Notification No. 52/2003 Customs, dated 31st March, 2003 exempts goods when imported or procured from a Public Warehouse or a Private Warehouse appointed or licensed, as the case may be, under section 57 or section 58 of the said Customs Act or from international exhibition held in India for the purposes of - manufacture of articles for export or for being used in connection with the production or packaging or job work for export of goods or services.
Certain amendments are made in this notification.
Goods taken abroad for processing may be sold there without bringing back to India - (va) permit the goods partially processed or manufactured or packaged therefrom in the unit to be taken out of India for the purpose of processing on subcontract basis and clear therefrom the goods so processed without bringing back into India:
Provided that the goods partially processed or manufactured or packaged so taken out of India are specified in the Letter of Permission or Letter of Intent issued by the Development Commissioner;”
No de-bonding of Capital Goods if Positive NFE is not achieved: no such clearance or debonding of capital goods under the Export Promotion Capital Goods Scheme of Chapter 5 of the Foreign Trade Policy shall be allowed if the unit has not fulfilled the positive NFE criteria at the time of clearance or debonding in terms of Para 6.18 (d) of Foreign Trade Policy.
Exemption to spares – increased from 1.5% to 5%: “(i) the exemption contained herein shall also apply to spares and components, to the extent of 5 percent. of the Free on Board (FOB) value of the manufactured articles exported by the unit during the preceding year for the purpose of supply of such spares and components for after-sale-service of the exported articles to the same consignor or buyer to whom manufactured articles were exported and the said officer is satisfied that the Cost Insurance Freight (CIF) value of such imported spares and components has been included for computation of sum total of all imported goods for arriving at the NFE as required under the Foreign Trade Policy;”
Inputs for export of services added: Sl. No. 17 of Annexure 1 read as, “Any other item required in relation to production of export goods with the prior approval of the Board of Approval.” Now it is amended to
“Any other item required within the unit in relation to production for export of goods or services with the prior approval of the Board of Approval.”
Similar amendments are made to Notification No. 22/2003-Central Excise, dated the 31st March, 2003.
NOTIFICATION NOs. 47/2008-Cus., and 24 /2008-CX., Dated: April 11, 2008