POLICY CIR NO. 90/2008, DT. 15/05/2009
- Document type
- Circular
- Reference no.
- L
- Dated
Nexus with Exported Products under Target Plus Scheme, Clarification
Nexus with Exported Products under Target Plus Scheme, Clarification
The matter has been examined in detail. It is clarified that Agricultural Products covered under Chapter 1 to 24 except 6(a) to 6(f) listed in Policy Circular 10 (Re2008) dated 5.6.2008.as listed at Sr. No. 6 of Policy Circular 10(RE2008) dated 5.6.2008 and endorsed on the Duty Credit Scrips issued under Target Plus Scheme, are permitted only when nexus with exported products is clearly established. Accordingly, all Duty Credit Scrips issued under Target Plus Scheme shall be automatically endorsed with the following condition:
Sr. No. 6 (as endorsed on the duty credit scrips issued under Target Plus Scheme in terms of Policy Circular 6(RE2008) dated 5.6.2008) is permitted to be imported only when nexus with exported products is clearly established. The condition of nexus with exported products is mandatory in terms of Para 3.7.6 of the Policy FTP RE2004 and FTPRE2005.
All RAs to ensure that this condition is endorsed on Duty Credit Scrips being issued or if submitted for revalidation; and Customs to ensure that the condition of nexus is fulfilled while permitting imports.
This issues with the approval of DGFT.
(A.K. Singh)
Joint Director General of Foreign Trade