CBIC exempts customs duties against scrips issued under the 2% Additional ad hoc incentive for mobile phones

Feb 17, 2020 | by Avantis RegTech Legal Research Team


Industry Specific Compliance

The Central Board of Indirect Taxes and Customs (CBIC) on February 14, 2020, amends the Notification No. 24/2015- Customs, dated April 08, 2015 regarding implementation of Merchandise Export from India Scheme (MEIS) under FTP 2015-2020, to exempts Customs duties against scrips issued under the 2% Additional ad hoc incentive for mobile phones.

Ø  in the opening paragraph, after clause (b), the following proviso shall be inserted, namely: Provided that the said scrip, against which goods when imported into India are exempted from, may include duty credit provided under the 2% Additional Ad Hoc Incentive in terms of paragraph 3.25 of the Foreign Trade Policy.

Ø  in paragraph 2, in condition (1), after clause (b), the following proviso shall be inserted, namely:

Provided that the duty credit in the said scrip under the 2% Additional Ad Hoc Incentive shall be issued against export of following goods, namely:

(i)                  Mobile phones, other than push button type; and

(ii)                Mobile phones, push button type,

falling under HS Codes/tariff lines 85171211 and 85171219 respectively of ITC (HS) 2017 with let export order dates from January 01, 2020 to March 31, 2020.

[Notification No. 14/2020 – Customs]


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