7.57
- Document type
- Procedure
- Dated
- Category
- HB Vol.1 (upto 31/03/2001)
Filing of Application
7.57 An application for grant of DFRC may be made to the licensing authority concerned in the form given in Appendix-11-H alongwith the documents prescribed therein. The provisions of paragraph 7.2 shall be applicable for DFRC also. An application for DFRC shall be filed only after realisation of export proceeds. However, in case of exports against irrevocable Letter of Credit, application may be filed after exports. The CIF value of DFRC shall be arrived at on the asis of the international price of the inputs given under SION. The FOB value shall be calculated on the basis of the Bank Realisation Certificate. In case the value addition on the basis of the FOB / CIF value comes to less than 33%, the CIF value shall be prorata reduced so as to here to the minimum prescribed value addition of 33%.