CBIC Notifies Exemption of Customs Duty against Scrips Issued under 2% Additional ad hoc Incentive for Mobile Phones

The Central Board of Indirect Taxes & Customs (“CBIC”) has notified regarding exemption of duties of Customs against scrips issued under the 2% Additional ad hoc incentive for mobile phones vide Notification No 14/2020 – Customs dated February 14^th, 2020 (“said Notification”). Notification No. 24/2015 – Customs dated April 8^th, 2015 (“original Notification”) has been amended vide the said Notification as follows –

In the Original Notification –

1. 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 duties mentioned in clauses (a) and (b) above, may include duty credit provided under the 2% Additional Ad Hoc Incentive in terms of paragraph 3.25 of the Foreign Trade Policy.”;

1. 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:-

• Mobile phones, other than push button type; and
• 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 the January 1^st, 2020 to the March 31^st, 2020.”

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