Page 221 - DMGT547_INTERNATIONAL_MARKETING

International Marketing

Notes in case the facility of rebate under Rules 18 or 19(2) of the Central Excise Rules, 2002 or CENVAT
facility under the Cenvat Rules, 2004 has been availed, then the duty free imported goods have
to be used in the manufacture of the dutiable goods.
Reward Scheme - Served From India Scheme: Served from India Scheme (SFIS) incentivizes
exports of specified goods/exports to certain countries. The objective of SFIS is to "accelerate
growth in export of services so as to create a powerful and unique 'Served From India' brand,
instantly recognized and respected world over." All Indian service providers, who have free
foreign exchange earning of at least ` 10 lakh in preceding financial year/current financial year
are eligible for SFIS. For individuals, the limit of minimum free foreign exchange earnings is
` 5 lakh. Under this scheme, duty credit scrip @10% of free foreign exchange earnings are given
to the exporter.
The duty credit scrip can be used for import of any capital goods including spares, office equipment
and professional equipment, office furniture and consumables that are otherwise freely
importable and/or restricted under ITC (HS). Imports have to relate to any service sector business
of applicant. While import of vehicles per se is not permitted, vehicles in the nature of professional
equipment's to the service provider like Air Fire Fighting and Rescue Vehicles (AFFRVS),
Heavy Duty Modular Trailer Combination etc. are permitted. In case of hotels, clubs having
residential facility of minimum 30 rooms, golf resorts and stand-alone restaurants having catering
facilities, duty credit scrip can also be used to import consumables including food items and
alcoholic beverages. The entitlement/goods (imported/procured) are subject to Actual User
condition i.e. non-transferable (except within Group Company and managed hotels).

12.2.14 Functions

C&F agencies mainly perform the following important functions:
Customs clearance of export/import cargo
Consolidation of cargo
Advice on shipping/air routes

Booking of ship/air space
Inland haulage in both countries
Loading/offloading activities

Cargo Insurance
Warehousing facilities both local and foreign
Packing/Repacking Activities

Documentation Services
Attending to Port Formalities
Helping exporter with filing claims for export incentives

Assist in pre-shipment inspection by buyer nominated agency
Represent shipping companies to offer one window services

Task State some of the functions of C & F agents.

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