Foreign Trade Policy – Test 3

No DFIA shall be issued for an export product where SION prescribes ‘Actual User’ condition for any input:

Under Advance Authorisation Entitlement in terms of CIF value of imports shall be upto ———-of the FOB value of physical export and / or FOR value of deemed export in preceding financial year or Rs 1 crore, whichever is higher

Some exports categories/sectors ineligible for MEIS which are:

Some exports categories/sectors ineligible for MEIS which are:

Drawback as per rate determined and fixed by ———— shall be available for duty paid imported or indigenous inputs used in the export product.:

Export Promotion Capital Goods Scheme (EPCG) permits ———-to import capital goods for preproduction, production and post-production at zero customs duty or procure them indigenously
without paying duty in the prescribed manner.

——– times of duty taxes and cess saved on capital goods imported under EPCG scheme, to be fulfilled in —- years reckoned from Authorization issue-date which is a specific export obligation:

As per Average Export Obligation average level of exports made by the applicant in the preceding ——–licensing years for the same and similar products:

If Authorization holder has fulfilled ———% or more of specific export obligation and —-% of Average .Export Obligation till date, if any, in half or less than half the original export obligation period specified, remaining export obligation shall be condoned:

Customs duty paid on Capital Goods is remitted in the form of freely transferable duty credit scrip(s) Specific EO shall be ———- of the applicable specific EO:

In case of indigenous sourcing of capital goods, specific EO shall be————- times

Domestic manufacturer shall be eligible for deemed export benefits under FTP and as may be provided under GST Rules under the category of deemed exports:

For calculating export performance for grant of One Star Export House Status category, exports by IEC holders under the following categories shall be granted double weightage

Status holders shall be entitled to export freely exportable items (excluding Gems and Jewellery, Articles of Gold and precious metals) on free of cost basis for export promotion subject to an annual limit of ` 1 crore or 2% of average annual export realization during preceding ———- licensing years, whichever is lower

Only projects having a minimum investment of Rs. ——– crore in plant & machinery shall be considered for establishment as EOUs

Approval for setting up of units under EOU scheme shall be granted by the Units Approval Committee within ——— days

For EOUs LoP/LoI shall be valid for ———-years

Supplies from DTA to such units will be regarded as deemed exports and DTA supplier shall be eligible for relevant entitlements for deemed exports on the supplier besides discharge of export obligation, if any, on the supplier

In addition, EOU / EHTP / STP / BTP units shall be entitled to following

Export promotion material upto ——— % of FOB value of previous year’s exports. :

Deemed Exports refer to those transactions in which goods manufactured in India are supplied to specified  ———-

In deemed exports, goods supplied do not leave the country and payment for such supplies is received either in Indian rupees or in free foreign exchange by the recipient of the goods

Deemed exports cover three areas ——-

Categories of Supplies considered as ‘Deemed Export’ include:

‘Deemed Export’ shall be eligible for ———-

Supply of domestically manufactured goods by an Indian Sub-contractor to any Indian or foreign main contractor, directly at the designated project’s/ Agency’s site, shall also be eligible for deemed export benefit provided name of ———- is indicated either originally or subsequently (but before the date of supply of such goods) in the main contract

An EOU/EHTP/STP/BTP unit may, on the basis of a firm contract between parties, source capital goods from a domestic/ foreign leasing company with/without payment of duty/ taxes

Transfer of manufactured goods from one EOU / EHTP / STP / BTP unit to another EOU / EHTP / STP /BTP unit is allowed on payment of applicable GST and compensation cess with prior intimation to
concerned ———- of the transferor and transferee units as well as concerned Customs authorities, following the prescribed procedure

An amount equal to ————–duty under section 9A of the Customs Tariff Act, 1975 leviable at the time of import, shall be payable on the goods used for the purpose of manufacture or processing of the goods cleared into DTA from the unit

Rejects may be sold in DTA on payment of applicable ——- along with reversal of basic customs duty availed as exemption on inputs on prior intimation to Customs authorities