3.11.8
Declaration of Intent on Free Shipping Bills
(a) “Export shipments filed under the Free Shipping Bill category, would need the following declaration on the Shipping Bills in order to be eligible for claiming benefits under chapter 3 of FTP:
‘We intend to claim benefits under Chapter 3.’
(b) Such declaration shall not be required for export shipments under any of the schemes of Chapter 4 (including drawback), Chapter 5 or Chapter 6 of FTP.
(c) If there is a decision during the year to include any new product or new market to avail such benefit, then:
(i) For exports of such products/ export to such markets, a grace period of one month form the date of decision/ notification/ public notice will be allowed for making this declaration of intent on free shipping bills.
(ii) After the grace period of one month, all exports (of such products or to such markets) would have to include the declaration of intent on the free shipping bills.
(iii) For exports made prior to date of decision/ notification/ public notice of products/ markets, such a declaration will not be required since such exports would have already taken place.
(Above (c) has been amended vide PUBLIC NOTICE NO. 36/2012, DT. 12/12/2012 )
[OLD-
(c) If there is a decision subsequently / later to include any new product or new market to avail such benefit, then:
(i) For exports of such products/ export to such markets, a grace period of one month from the date of decision/ notification/public notice will be allowed for making this declaration of intent on free shipping bills.
(ii) After the grace period of one month, all exports (of such products or to such markets) would have to include the declaration of intent on the free shipping bills.
(iii) For exports made prior to date of decision/notification/public notice of products/markets, such a declaration will not be required since such exports would have already taken place. ]
(Above para 3.11.8 has been replace by PN NO. 12/2012, DT. 26/07/2012)
[OLD- 3.11.8
Declaration of Intent on Free Shipping Bills
The requirement of “Declaration of Intent” for claiming Chapter 3 benefits is dispensed with, with immediate effect. ]