NEWS BRIEFS
TUFS/ATUFS – Eas-
ing of Norms during
post lockdown period
on account of COVID
-19
The Ministry of Textiles has issued
Orders dated April 13, 2020 to modify
the existing guidelines under the
ATUFS and the previous versions of
TUFS (MTUFS, R-TUFS & RR-TUFS)
As per the Order – “Under ATUFS,
entities can exercise an option for
getting the JIT recommended subsidy
released pending the scrutiny of the
JIT reports by respective authorities,
subject to submission of Bank Guar-
antee equivalent to amount of subsidy
recommended by the JIT in its Re-
port“.
With regard to the previous versions
of TUFS (MTUFS, R-TUFS and RR-
TUFS), as per the Order – “ The Sub-
sidy accounts extending beyond
March 31, 2021, for which claims
have been filed by the banks along
with necessary documents / informa-
tion and where JIT has recommended
the committed liability (IR or/ and CIS),
the subsidy amount till December 31,
2019 recommended by JIT will be re-
leased subject to submission of Bank
Guarantee equivalent to JIT recom-
mended subsidy amount by the con-
cerned account holder unit“.
The key points of the Circular No.
EPS/14/2020-21 dated April 13, 2020
of the Ministry of Textiles is repro-
duced below:
No.6/512015-TUFS: The Revised
Guidelines of ATUFS i.e. financial and
operational parameters and implemen-
tation mechanism during its implemen-
tation period from 13.01.2016 to
31_03.2022 was notified vide Revised
Resolution No. 6/512015-TUFS dated
02.08.2018.The following modifica-
tions are hereby notified in the said
Revised Resolution with the approval
of Competent Authority:
The following para stands inserted at
the end of Para 10.5.2,`Entities can exercise an option for
getting the JIT recommended subsidy
released prior to scrutiny of the JIT
reports by respective authorities as
per delegated powers; subject to sub-
mission of Bank Guarantee equiva-
lent to recommended subsidy. Bank
Guarantee should be equivalent to the
amount of subsidy recommended by
the JIT in its repor t. The Bank
Gurantee should be valid for one year
(to be submitted within a month of its
issue by bank) and extendable further,
if required. Subsequently, the Bank
Guarantee will be forfeited to the ex-
tent of excess payment made along
with penal interest as applicable un-
der the rules, in case the eligible sub-
sidy amount approved for release af-
ter scrutiny of JIT report by respec-
tive authority works out to be lower
than the amount recommended by the
JIT'.
This option will be available for 6
months from the date of issue of this
Order.
(Kumar Padmapani Bora)
Deputy Secretary to the Govt. of
India
F No. 16015/01/2019-TUFS
GoI, Ministry of Textiles
OFFICE MEMORANDUM
Subject: Implementation of the de-
cision of Inter-Ministerial Steering
Committee under Amended Tech-
nology Upgradation Fund Scheme
(ATUFS) for physical verification of
machinery procured under previ-
ous versions of TUFS (MTUFS,
RTUS & RRTUFS)- reg
The undersigned is directed to refer
to this Ministry's OM 16015/01/2019-
TUFS dated 14.06.2019 on the sub-
ject cited above circulating the de-
tailed protocol for physical inspection
of machinery procured under previous
versions of TUFS (MTUFS, RTUFS
and RRTUFS) and to convey the ap-
proval of competent authority for in-
serting following sub-para as para
2.3.5 (a) under Para 2.3.5 in the pro-
tocol:
The subsidy accounts extending be-
NCM-APRIL 2020
87yond 31 March 2021, for which claims
have been filed by the banks along
with necessary documents/informa-
tion and where JIT has recommended
the committed liability (IR or/and CIS),
the subsidy amount till 31st Decem-
ber 2019 recommended by JIT will be
released subject to submission of
Bank Guarantee equivalent to JIT rec-
ommended subsidy amount by the
concerned account holder unit through
bank/lending agency, The Bank Guar-
antee should be valid for one year (to
be submitted within a month of its is-
sue by the bank) and extendable fur-
ther, if required. In case the eligible
subsidy amount approved for release
after scrutiny of JIT report by respec-
tive authority works out to be lower
than the amount recommended by the
JIT, the excess payment made, if any,
along with penal interest as applicable
under the rules. will be adjusted from
the eligible payment being released
for the subsequent quarters beyond
31' December, 2019 or recovered by
forfeiting the Bank Guarantee to the
extent of excess payment made along
with applicable penal interest'.
This option will be available for 6
months from the date of issue of this
OM.
(Kumar Padmapani Bora)
Deputy Secretary to the Govt. of
India
Instruction No. 03/2020-Customs
F. No. 450/119/2017-Cus-IV Dated
the 9th April, 2020
GoI, MoF, Department of Revenue
(Central Board of Indirect Taxes
and Customs), New Delhi
Subject: Special Refund and Draw-
back Disposal Drive - Implementation
of decision to expedite pending refund
and drawback claims - reg.
As you are aware, the CBIC has taken
a number of measures to mitigate the
hardship caused by the Covid-19 pan-
demic to the trade and industry and
other stakeholders. These measures
include 24x7 Customs functioning,
single window helpdesk on the CBIC
website, waiver of late fee for delays