Special Import License are provided by Director General of Foreign Trade (DGFT). Special Import License SIL entitlement of each of the exporter depends upon their exports and as per rates specified in the EXIM Policy. SIL Can either be used by the exporter to import certain items (Specially classified or SIL can be sold in the open market against receipt of cash premium. The shopping list of imports for which SIL can be used, is ever expanding. In current EXIM Policy, this list is contained in "ITC (HS) Classification of Export & Import items". However, it should be borne in mind that all imports under SIL are subject to payment of customs duty.
As per the current EXIM Policy Software Exporter can claim SIL as percentage their NFE earnings of exports. In addition they can also get additional percentage of SIL in case the Exporter is an ISO 9000 certified company.
In order to claim SIL exporters are required fill in form given at Annexure XXII & Annexure XXIIA (Appendix No 20C & Appendix 1 A of EXIM Policy 1997-2002). The application is to be sent licensing authority with the following documents:
I) Physical Exports
- Export promotion copy of shipping bill attested by Customs.
- Bank certificate of exports
II) Export through Satellite/Data-comm. Channel
- Copy of SOFTEX
- Bank Certificate indicating SOFTEX No.
- Certificate of CA showing NFE
III) Onsite-Consultancy
- FIRC Copy in lieu of Bank Certificate
- Certificate from CA Showing NFE which is exclusive expenses incurred abroad
- Necessary permission of RBI
In addition to the above all exporters will also need to furnish
- Bank receipt/Demand Draft towards payment application fee
- Self attested valid copy of RCMC