Foreign Trade Policy - Submission of applications for claiming deemed export benefits
The DGFT Policy Circular clarifies that,
1. To reduce the paper work and ensure proper monitoring, there is necessity to limit the number of applications which an applicant may file within a year.
2. Therefore, in respect of all the claims arising for a particular month /quarter (as per the option of applicant), one consolidated application should be filed within the stipulated time period.
3. For all the deemed export benefit claims, in respect of a particular project or a particular recipient (of goods) unit, arising in a calendar month/quarter(as per the option of applicant), a consolidated application can also be filed within the stipulated time period of twelve months from end of the monthly/quarterly period.
4. Such applications, even if more than one in a month/quarter, will not be treated as supplementary claims under para 9.4 of HBP V.1.
DGFT Policy Circular No. 36 (RE-08)/2004-2009 Dated: October 16, 2008