POLICY CIR NO. 18/2005-09, DT. 28/07/2005

POLICY CIR NO. 18/2005-09, DT. 28/07/2005

Vishesh Krishi Upaj Yojana benefits for export of Cashew

Attention is invited to Notification No.15/2004-09 dt.4.1.2005 giving details of various items eligible for benefits under Vishesh Krishi Upaj Yojana and subsequent Public Notice No.4(RE-2005)/2004-09 dt.27.4.2005 vide which export of Cashew under ITC(HS) Code 080131, 080132 & 20081910 was excluded for benefits under the said Scheme.

2. Doubts have been raised about admissibility of benefits under Vishesh Krishi Upaj Yojana for export of Cashew covered under ITC(HS) Code 080131, 080132 & 20081910 for the exports made between 4.1.2005 and 26.4.2005. It is hereby clarified that export of Cashew covered under ITC(HS) Code 080131, 080132 & 20081910 shall be entitled for Vishesh Krishi Upaj Yojana benefits in respect of such exports made between 4.1.2005 and 26.4.2005 only.

3. This issues with the approval of the Director General of Foreign Trade.

(Period of eligibility of Cashew exports for benefits under VKUY. It has been pleaded that since the scheme was introduced for the first time in the Foreign Trade Policy 2004-09 announced on 31st August 2005, the exporters of this commodity have factored the component of this benefit under the scheme while finalizing export contracts - Please refer POLICY CIR NO. 46/2005-09, DT. 19/01/2006)

( M.K. Parimoo )
Dy. Director General of Foreign Trade

(F.No : 01/94/180/Policy Circular/AM06/ PC-I)