3.13.2
- Document type
- Policy
- Reference no.
- O
- Dated
Entitlement
3.13.2
Entitlement
(a) Products listed in Appendix 37A of HBPv1, shall be entitled for Duty Credit Scrip equivalent to 5 % of FOB value of exports (in free foreign exchange) for export made from 27.8.2009 onwards, unless a specific date of export/period is specified by a public notice/notification.
(b) However, for exports made w.e.f 27.8.2009 (unless a specific date of export/ period is specified by a public notice/ notification), some Flowers and Fruits, as listed in Table 1 of Appendix 37A shall be entitled to an additional Duty Credit Scrip equivalent to 2 % of FOB value of exports; over and above the 5 % or 3 % reduced rate VKGUY entitlement as per para 3.13.3 below.
[DELETED - 3.13.3
Applicability of Reduced Rate
Duty Credit Scrip under VKGUY scheme shall be granted only at a reduced rate of 3 % of FOB value of exports in cases where exporter has also availed following benefits:
(i) Drawback at rates higher than 1%; and/or
(ii) Specific DEPB rate (i.e. other than Miscellaneous Category – Sr. Nos. 22 C & 22 D of Product Group 90); and/or
(iii) Advance Authorization or Duty Free Import Authorization for Import of inputs (other than catalysts, consumables and packing materials) for the export product for which Duty Credit Scrip under VKGUY is being claimed.
(Para 3.13.3 has been Deleted vide NOTIFICATION NO. 03/2013, DT. 18/04/2013)