Status Holders Incentive Scrip (SHIS)
- With an objective to promote investment in up gradation of technology of some specified sectors as listed below, Status Holders shall be entitled to incentive scrip @1% of FOB value of exports.
- This shall be over & above any duty credit scrip claimed/availed under chapter 3.
- The Status Holders availing TUFS benefits under Ministry of Textiles and / or 0% EPCG Scheme during a particular year, shall not be eligible for SHIS for exports of that year
- (NOTE: SHIS scrips which are not issued in a particular year for the reason that zero duty EPCG authorization has been issued in that year shall not be issued in future years also.)
- The Last date of Filing the application shall be 31.03.2011 for exports made during 2009-10.
- Transferability
- Duty Credit Scrip and items imported against it would NOT be freely transferable i.e. with Actual user Condition.
- Imports Allowed:
- Duty Credit Scrip may be used for import of capital goods relating to sectors specified, provided same is freely importable and / or restricted under ITC (HS). There would be no sector wise value limitation.
- However, import of items listed in Appendix 37B of HBPv shall not be permitted to be debited.
- Duty Credit Scrip can also be utilized for payment of duty against imports under EPCG scheme provided the item is importable against the scrip.
- Facility of Payment of Customs Duties in case of EO defaults: Duty Credit Scrips can also be used / debited towards payment of Customs Duties in case of EO defaults under Authorizations issued under Chapters 4 & 5 of the FTP. However, penalty / interest shall be required to be paid in cash
- CENVAT / Drawback: Additional customs duty/excise duty paid in cash or through debit under Duty Credit scrip shall be adjusted as CENVAT Credit or Duty Drawback as per DoR rules, except under SFIS.
- The Status Holders of the following Sectors shall be eligible for SHIS for exports made during 2009-10, 2010-11 and during 2011-12, of these specified sectors:
- Textiles and Jute Sector;
- Engineering Sector (excluding Iron & Steel, Nonferrous Metals in primary or intermediate forms, Automobiles & two wheelers, nuclear reactors & parts and Ships, Boats and Floating Structures);
- Plastics; and
- Basic Chemicals (excluding Pharma Products).
- Leather Sector (excluding finished leather);
- Handicrafts;
- The Status Holders of the ADDITIONAL Sectors listed below shall be eligible for
SHIS on exports made during 2009-11 and 2011-12
| Sr. |
Products / Product Groups |
ITC HS |
| 1 |
Chemical & Allied Products (other than Bulk minerals, Granite/Stones, Processed minerals, Cement, Clinkers and asbestos) |
|
| |
(i) Rubber products, |
4001 to 4010,
4014 to 4017
|
| |
(ii) Paints, Varnishes & Allied Products |
3208, 3209,
3210
|
| |
(iii) Glass and glassware |
Chapter 70 |
| |
(iv) Plywood and allied products |
Chapter 44 |
| |
(v) Ceramics / refractories |
Chapter 69 |
| |
(vi) Paper, Paper Boards & Paper Products
|
Chapter 48 |
| |
(vii) Books, Publications & Printings |
Chapter 49 |
| |
(viii) Animal By-products (Codes 35030030, , 05069099, 05079010, 05079020, 05079050, 23011010, 23011090, 96062910, and 96063010) |
Various codes |
| |
(ix) Ossein & Gelatine |
Codes 05061039 and
35030020.
|
| |
(x) Graphite Products (Codes 3801, 85451100 and 85451900) & Explosives (Codes 3601, 3602 and 3603) |
Various codes |
| |
(xi) Misc. Products (Codes 3201,
32029010, 32030010, 3604, 3605, & 38021000)
|
Various codes |
| 2 |
Electronics Products
|
|
| 3 |
Sports Goods and Toys
|
Chapter 95 and Codes
420321, 650610.
|
| 4 |
Engineering products for the three groups indicated below:
(i) Iron and Steel
(ii) Pipes and tubes
(iii) Ferro Alloys
|
Chapter 72
|
Ineligible Exports Categories / Sectors :
| SI.No. |
Description |
| 1 |
EOUs / EHTPs / BTPs who are availing direct tax benefits or exemption. |
| 2 |
Export of imported goods covered under para 2.35 of the FTP. |
| 3 |
Exports through transhipment, meaning thereby that exports originating in third country but transhipped through India.
|
| 4 |
Deemed exports. |
| 5 |
Exports made by Special Economic Zone units or Special Economic Zone products exported through Domestic Tariff Area units. |
| 6 |
Export of items, which are restricted or prohibited for export under Schedule-2 of Export Policy in ITC (HS).
|
| 7 |
The exports made by the Status Holders during a particular year, if benefits are availed under Technology Upgradation Fund scheme (TUFS) of Ministry of Textiles in that year. |
| 8 |
The exports made under the Zero duty EPCG scheme w.e.f 1st April, 2010. |
| |
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