FPS benefits to Other Cast Articles of Iron & Steel : Clarification

By | June 11, 2016

Clarification regarding FPS benifits to “Other Cast Articles of Iron & Steel”-ITC(HS) code-7325 under SI. No. 279 of Appendix 37 D as revised vide Public Notice 52 dated 25.02.2014.

Government of India

Ministry of Commerce & Industry

Department of commerce

Directorate General of Foreign Trade

Udyog Bhawan, New Delhi

Trade Notice No. 08/2016

Dated 09th June, 2016

To

1.  All Regional Authorities of DGFT

2.  IEC Holders

Subject :- Clarification regarding FPS benefits to “Other Cast Articles of Iron & Steel”- ITC (HS) code- 7325 under Sl. No. 279 of Appendix 37 D as revised vide Public Notice 52 dated 25.02.2014.

The following entries in the Appendix  37D provides benefit of FPS to the Articles of Iron & Steel.

FPS benefits to “Other Cast Articles of Iron & Steel”

2. One of the RAs has sought clarification on the following issues:

If the purpose of FTP is to grant FPS benefit only to Malleable Products under the

If the purpose of FTP is to grant FPS to all the products falling under the HS Code group 7325 whether it is malleable or not then all the claim with Sl. No 279 of Appendix 37 D with

3. The issue has been examined in this Directorate. The entry at Sl. No. 279 of Appendix 37 D with ITC (HS) Code 7325 does not have any condition that the products are to be malleable or non- malleable. Therefore, it is clarified that all “Other Cast Articles of Iron or Steel” failing under the four digit ITC(HS) Code- 7325 whether malleable or non- malleable are eligible for FPS under the entry at serial no. 279 of Appendix 37 D as revised vide Public Notice no. 52 dated 25.02.2014.

4.  This issues with the approval of the competent authority.

(Lokesh HD)

Deputy Director General of Foreign Trade

e-mail: lokesh.hd@nic.in

 

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