Page 42 - GSTL_14th May 2020_Vol 36_Part 2

J42 GST LAW TIMES [ Vol. 36
ter 1 February, 2020. Option for further extensions as
per HBP 4.42(e) and (f) shall remain available after
this period is over.
(4) Under para 4.42(d) of HBP, items under 4J get EO ex-
tension equal to half of the initially allowed period of
EO. Now the EO period for items falling under ap-
pendix 4J stands automatically extended for a further
period of six months for Authorizations expiring af-
ter 1 February, 2020.
(5) Under para 4.80(C) (D) (E) of HBP, the period al-
lowed for exhibition exports are restricted to
60/90/120/45/365 days (depending on conditions
mentioned) for replenishment of inputs of precious
metals used. All durations mentioned under the giv-
en paras of HBP now stand extended by six months
in addition to the allowed durations for cases expir-
ing after 1 February, 2020.
(6) Under para 4.82(c) and (d), 4.83(b), 4.84(c) of HBP,
replenishment scheme/outright purchase/loan basis
period allowed for exports realisation is capped at 90,
180 days or credit terms, 120 days and 150 days etc.
All durations mentioned under the given paras of
HBP now stand extended by six months in addition
to the allowed durations for cases expiring after 1
February, 2020.
(7) Under para 4.85(b) and (c) of HBP, EO period under
Advance Authorisation for Gems & Jewellery al-
lowed at 120 and 90 days respectively. All EO peri-
ods now stand extended by six months for cases fall-
ing under these paras which expire after 1 February,
2020.
In addition, the following changes are also implemented
based on feedback, representation and inputs from other de-
partments :
(1) Extension in replenishment scheme for G&J under
Para 4.59(e) also extended by 6 months.
(2) Extension of 6 months under Para 4.75(c) and para
4.77(c) for Diamond exports and exports against sup-
ply by foreign buyer for G&J Sector.
(3) As approved by Department of Revenue, Exemption
of IGST and Compensation Cess under Advance Au-
thorisation, EPCG Scheme and EOUs till 31-3-2021
has been notified.
(9) Chapter 6 of Hand Book of Procedures (HBP)-EOU/EHTP/
STP/BTP :
(1) Under para 6.01(b)(ii) of HBP, any LOP/LOI issued
under the FTP has an initial validity period of 2
years. Such validity may be extended by the compe-

GST LAW TIMES  14th May 2020  42