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 14th, 2020 (“said Notification”). Notification No. 24/2015 – Customs dated April 8th, 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 1st, 2020 to the March 31st, 2020.”
CBIC Notifies Exemption of Customs Duty against Scrips Issued under 2% Additional ad hoc Incentive for Mobile Phones

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