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15(RE-2009)/2009-14, Dated: 05/11/2009

GOVERNMENT OF INDIA

DEPARTMENT OF COMMERCE

DIRECTORATE GENERAL OF FOREIGN TRADE

UDYOG BHAWAN, NEW DELHI-110011

Policy Circular No. 15/2009-14 Dated: 05 November, 2009

All Regional Authorities

Sub: Grant of VKGUY and FPS/FMS benefits against self attested EP copy of Shipping Bills (in cases where original EP copy of Shipping Bill has been negotiated by the Bank).

Requests have been received from few firms stating that original EP-cum-Exchange Control copy of Shipping Bill have been submitted to the Bank by them for negotiation purpose and the same is not receivable from the Bank and they have requested to consider their claims under VKGUY and FMS/FPS Schemes on the basis of submission of self attested copies of the Shipping Bills.

2. The matter has been examined in the DGFT. It has been decided that before granting benefits under these Schemes, the following documents may be furnished by the applicant:

i] An Affidavit and Indemnity Bond, where the applicant clearly states that the original EP copy was handed over to the Bank for negotiation purpose, along with a letter from the Bank confirming the same;

ii] Self attested photocopy of the Shipping Bill be submitted by the applicant.

3. RA to impose a cut of 2% on the entitlement as indicated in Para- 2.60 of HBP v1.

4. This issues with the approval of DGFT.

Sd/-

[Anil Kumar Singh]

Joint Director General of Foreign Trade

[Issued from F.No. 01/91/180/1268/AM09/PC3]

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GST India Solution is an effort of firm of professionals who welcome implementation of GST. This is an interactiveplatformthat aspires to disseminate right knowledge to professionals, practitioners and public at large. This platform has beenfloatedbya firm of Chartered Accountants relentlessly working in field of direct and indirect taxes since early 1985.

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The senior partner of the firm has to his credit several professional publications viz., Delhi Sales Tax Right to Use Goods Act, Delhi VAT, Maharashtra VAT, West Bengal VAT, Haryana VAT published by Taxmann. Madhya Pradesh VAT and Chhattisgarh VAT were published by Suvidha Law House, Bhopal. He has also addressed seminars on indirect taxes organized by professional bodies like ICAI, IMA, NIFM etc. and has also contributed articles on subjects of pro. . . . .