POLICY CIR NO. 16/2009, DT. 13/11/2009
- Document type
- Circular
- Reference no.
- M
- Dated
Clarification regarding Foreign Exchange earnings to be counted for redemption of EPCG Authorizations issued to Service Provider
Clarification regarding Foreign Exchange earnings to be counted for redemption of EPCG Authorizations issued to Service Provider
2. The matter has been examined and it is clarified that Policy Circular No. 25 dated 01.01.2008 has specifically been issued for the Served From India Scheme (SFIS) and is not applicable to the EPCG Scheme. EPCG authorizations may be issued and redeemed as per the provisions of Chapter 5 of FTP & HBP Vol.I.
3. All Regional Authorities are therefore informed that the provisions of Circular No. 25 dated 01.01.2008 are not to be applied for redemption of EPCG Authorizations.
This issues with the approval of Director General of Foreign Trade
Sd/-
(Akash Taneja)
Joint Director General of Foreign Trade