EPCES
holds a meeting with Shri L. Mansingh, DGFT on 15-12-2003
regarding EXIM Policy Review
Mr.
R. Veeramani, Chairman EPCES, Mr. Sharad Jaipuria, Vice Chairman,
EPCES, Mr. L. B. Singhal, Director General, EPCES, Mr. Jatin Mehta,
Working Committee Member, Mr. R. K. Sonthalia, Working Committee
Member, Mr. P. C. Nambiar, Working Committee Member, Mr. S. N.
Sharma, Chairman, Surat Special Economic Zone, met Mr. L. Mansingh,
Director General Foreign Trade (DGFT) in the Conference Room of
DGFT on December 15, 2003 for making submissions relating to EXIM
Policy. A Powerpoint Presentation was made to DGFT in relation
to all EXIM Policy suggestions, which we have received from our
members in response to our EPCES Circular No. 13 dated 7-10-2003.
Specifically following suggestions were made to DGFT:-
i)
Supplies from DTA to EOUs should be exempted from CST
ii) Supplies from DTA to EOUs should be exempted from Service
Tax
iii) EOUs should be extended the facility of DEPB
iv) Supplies from DTA to SEZ should be extended the facility even
against payment in Indian rupees.
v) Supplies by SEZ to DTA against free foreign exchange should
be taken into account for discharge of export performance.
vi) Sale in the Domestic Tariff Area (DTA) should be allowed based
on the concept of duty foregone on imported inputs + the Excise
Duty on the finished products. However, if the product is made
entirely of indigenous raw material, then the sale in the DTA
should be allowed based on the payment of Excise Duty only.
vii) Export performance of SEZ and EOU Sector was also highlighted
in the Power-point Presentation.
viii) Suggestions relating to CBEC like exemption from requirement
of bank guarantee along with B-17 Bond, doing away with the cost
recovery charges, discontinuing the Procurement Certificate, fast
track mechanism for EOUs and SEZ etc., were also brought to the
notice of the DGFT for taking up with the CBEC.
ix) Issues relating to CBDT like removing the sunset clause of
2010 under Section 10B for EOUs, extending the facility of Section
10A to SEZ for atleast 10 years etc., were also highlighted.
