Amendments in Duty Free Import Scheme (DFIS)
Members of the Council
Sub : Amendments in Duty Free Import Scheme (DFIS)
As members are aware, manufacturer exporters of Leather Garments are allowed to import certain essential inputs/components/embellishments to an extent of 3% of previous year’s FOB value of export under the Duty Free Import Scheme (DFIS), as per Serial No. 167 of Customs Notification No. 21/2002 dated 1.3.2002, as amended from time to time.
The Department of Revenue, Ministry of Finance, Government of India have now issued a Customs Notification No. 13/2002 dated Jan.24,2008 (copy enclosed) as per which “printed bags” have also been included as one of the eligible inputs under serial no. 167 of the Customs Notification No. 21/2002, for import under the DFIS scheme.
The said Notification has also made some amendments in serial no. 168 of the Customs Notification No. 21/2002, as per which the lining and interlining materials falling under Chapter Nos. 43,52,54,55,56,58,59 or 60 will be eligible for availing duty free import to the extent of 2% of FOB value of export of the previous year.
Member-exporters may kindly note the above and avail the benefit accordingly.
Dr. K. Elangovan
COUNCIL FOR LEATHER EXPORTS