The Central Board of Revenue (CBR) has empowered the collectors of customs to give permission for local sale of the input goods to the persons operating under Duty and Tax Remission for Export (DTRE) scheme.
This is subject to the condition that the DTRE registered person was unable to manufacture, and subsequently export, goods for reasons beyond his control.
THE CBR HAS AMENDED CUSTOMS RULES 2001 THROUGH SRO(I)/2001 ISSUED ON TUESDAY: According to the amendment, "the permission for local sale of input goods shall be granted by regulatory collector in case of DTRE user's inability to manufacture and export output goods for reasons beyond his control".
FOLLOWING IS THE TEXT OF THE NOTIFICATION ISSUED ON TUESDAY: In exercise of the powers conferred by section 219 of the Customs Act, 1969 (IV of 1969), the Central Board of Revenue is pleased to direct that following further amendments shall be made in the Customs Rules, 2001, namely:
In the aforesaid Rules, in rule 307A, in sub-rule (2), -
In clause (c), for the words "leviable duties and taxes" the words "duties and taxes leviable at the time of such sale" shall be substituted;
In clause (c), for the semicolon at the end, a colon shall be substituted and thereafter the following proviso shall be added, namely:-
"Provided that the permission for local sale of input goods as specified in this clause shall be granted by regulatory Collector in case of DTRE user's inability to manufacture and export output goods for reasons beyond his control;" and
In the proviso, after the word "provided" the word "further" shall be inserted.
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