SERVED FROM INDIA SCHEME 3.18

a) The Policy for the Served From India Scheme is elaborated at Chapter 3 of Foreign Trade Policy.

b) A single consolidated application for the duty credit entitlement certificate shall be filed with the jurisdictional regional licensing authority in ‘Aayaat Niryaat Form’ by the Registered office in case of a company and Head Office in case of others. The last date for filing of such application shall be 31st December.

c) deleted

d) For each duty credit certificate, split certificates subject to a minimum of Rs 5 lakh each and multiples thereof may also be issued. A fee of Rs 1000/- each shall be paid for each split certificate. However, a request for issuance of split certificate(s) shall be made at the time of application only and shall not be considered at a later stage.

The duty credit certificate shall normally be issued with a single port of registration. However the applicant may choose different ports of registration for each split certificate.

e) deleted

f) The entitlement can be used for import from private/public bonded warehouses subject to the fulfillment of provision of paragraph 2.28 of Foreign Trade Policy and the terms and conditions of the notification issued by Department of Revenue from time to time in respect of private/public bonded warehouses.

g) The duty credit entitlement certificate shall be valid for a period of 24 months.

Revalidation of duty credit certificate shall not be allowed.

The service provider shall within one month of the completion of imports made or the expiry of the validity of the duty credit entitlement certificate whichever is earlier, submit a statement of imports made under the certificate as per ‘Aayaat Niryaat Form’to the jurisdictional Regional Licensing Authority with a copy to the jurisdictional Excise authorities (service tax cell).

h) All the applicants under this scheme who are hotels (1 star and above, heritage hotels) and stand alone restaurants would ensure that they pass on the benefit of the duty credit entitlement to the consumer.

(i) Only such foreign exchange remittances as are earned as amounts in lieu of the services rendered by the service exporter would be counted for computation of the entitlement under this scheme.

Other sources of foreign exchange earnings such as equity or debt participation, donations, repayment of loans and any other inflow of foreign exchange unrelated to the service rendered would not be counted for the computation of entitlement under the scheme.

(Please refer POLICY CIR NO. 43/2005, DT. 30/12/2005 - Extension in last date for submission of applications under Vishesh Krishi Upaj Yojana and Served From India Schemes)