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Seek to further amend Notification No. 73/2006-Customs dated 10th July, 2006

Ref No. : ES/ 61/2017-18                                                                                                    June 01, 2017
 

To: Members of the Council

Sub:  Seek to further amend Notification No. 73/2006-Customs dated 10th July, 2006

Dear Sir,

We would like to inform you that CBEC has issued Notification No. 22/2017- Customs dated 31.05. 2017 by making further amendments in the Notification No. 73/2006- Customs dated 10.07.2006.

The relevant extract of the notification is given here below:-

In the said notification, for paragraph 2, the following paragraph shall be substituted, namely:

“2. The following categories of exports made from 1st April, 2005 to 19th  February, 2006 shall not be counted for calculation of export performance or for computation of entitlement under the scheme-

  1. export of imported goods covered under para 2.35 of the Foreign Trade Policy or exports made through transshipment;
  2. export turnover of units operating under SEZ/ EOU/ EHTP/ STP/ BTP Schemes or products manufactured by them and exported through Domestic Tariff Area units;
  3. deemed exports (even when payments are received in Free Foreign Exchange and payment is made from Exchange Earners' Foreign Currency account).

In the said notification, after paragraph 2 as so substituted, the following paragraph shall be inserted, namely:-

“3. The following categories of exports made with effect from 20th February, 2006 shall not be counted for calculation of export performance or for computation of entitlement under the scheme-

  1. export of imported goods covered under para 2.35 of the Foreign Trade Policy or exports made through transshipment;
  2. export turnover of units operating under SEZ/ EOU/ EHTP/ STP/ BTP Schemes or supplies made to such units or products manufactured by them and exported through Domestic Tariff Area units;
  3. deemed exports (even when payments are received in Free Foreign Exchange and payment is
    made from Exchange Earners' Foreign Currency account).

For more information, members may kindly refer to Notification No. 22/2017- Customs.

Thanking You,

V.ANIL KUMAR
EXECUTIVE DIRECTOR

 

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