|
3.
Procedure for payments
The
following procedure shall govern the payments (to be
made to the manufacturers/importers) or credits to be
afforded to the Government under this Scheme:-
-
All
new claimants for concession shall address their
request to Joint Secretary(A&M), Department
of Fertilizers, Shastri Bhawan, New Delhi, along
with the following documents for recognition/enlistment
as manufacturers/importers eligible for availing
payments under the Concession Scheme.
-
Copy
of Registration Certificate under FCO.
-
Copy
of the Memorandum of Association of the company
along with the copy of the latest Audited Annual
Report.
-
Copy
of the Certificate of Incorporation issued by
the Registrar of Companies.
-
Any
other additional information/document as may be
prescribed by DOF from time to time.
-
The
manufacturers/importers eligible for 80% ‘On
account’ payment shall submit claims in Proforma
‘C’ furnishing information on fertilizer-wise
sales, rate of concession, amount claimed and certification
by the claimant that the sales have been effected
only to registered dealers for sales exclusively
for agricultural purposes and that the sales so
reflected can in no manner, in legal or commercial
terms, be construed as stock transfers or sales
on consignment basis. The claimant shall also certify
compliance of FCO specifications. The claim shall
be supported by ink signed copies of Proforma
‘A’ enclosed with this letter which
is to be duly certified by the Statutory Auditor
of the Company.
The
manufacturers shall submit their claims to Executive
Director, Fertilizer Industry Coordination Committee(FICC),
Department of Fertilizers, 8th Floor, Sewa Bhawan,
R.K.Puram, New Delhi-110066, latest by 10th of every
month. The importers will, similarly, submit their
claims to the Director of Accounts, 4th Floor, Super
Bazar, Connaught Circus, New Delhi, by 10th of every
month.
It
may be clearly understood that the details of sales
invoices, etc. accompanying Proforma ‘A’
are to be sent to State Governments/Union Territory
Administrations only and no such details/enclosures
are required to be sent along with the copies of Proforma
‘A’ to be submitted to FICC/FA wing.
-
After
satisfying that the claim documents are in order,
the office of FICC/FA wing will release admissible
80% ‘On account’ payment directly to the
manufacturers/importers.
The
excess quantities of imported fertilizers (including
rock phosphate used for manufacture of SSP) over 0.5%
of the quantities specified in the bill(s) of lading
shall not be admissible for concession payments under
the Scheme. This excess quantity shall be determined
after taking into account quantities appearing in
bill(s) of lading vis-à-vis actual realisation of
all the vessels arrived in a given financial year
in respect of each importer. Necessary adjustments
on the total concession allowed during the year on
quantities over and above 0.5% of the quantity thus
arrived at, in a financial year, shall be carried
out from the claims of the company for the sales in
June or in subsequent months of the following years.
Accordingly, the importer shall be required to furnish
by 30th June every year ship-wise, product-wise details
of the quantities realised against Bill of Lading
in respect of the vessels arrived upto 31st of March
of relevant financial year duly certified by the Statutory
Auditors. The recovery of excess payment, if any,
shall be effected, based on the annual average of
the final concession rates for the respective fertilizer
for the relevant year.
In
case of SSP manufacturers, for the claims from the
period specified in para 2(c)(ii), 80% ‘On account’
payment shall be made based on submission of Proforma
‘A’ to ‘D’ above besides submission
of monthly information relating to input/raw materials
use in Proforma ‘E’ to ED,FICC.
|
