Policy Circular No. 11(RE-00)/2000-2001
dated the 14 June, 2000
Subject :
Acceptability of documentary evidence for fulfillment of export
obligation against EPCG Scheme and the Duty Exemption Scheme/Diamond Imprest
Licence/ Replenishment Licence
Attention is invited to Paragraph 6.5 (vi) of the Exim Policy 1997-2002 incorporating amendments made upto 31st March, 99 under which the physical exports made under Duty Exemption Scheme/Diamond Imprest Licence/Replenishment Licence by a manufacturer exporter who has obtained licences for the manufacture of the same export product under EPCG Scheme and the above schemes shall also be counted towards the discharge of export obligaion under EPCG Scheme. The represenations have been received from certain parties that while the above facility was made available in case of Advance Licences issued under Duty Exemption Scheme prior to 1.4.99 w.e.f. 1.4.1993, the physical exports made under Diamond Imprest Licence/Replenishment Licence by manufacturer exporter are not counted for fulfillment against EPCG licence prior to 1.4.99. With a view to maintaining uniformity in the matter, it has been decided that provisions of Paragraph 6.5 (vi) may be equally applicable to the cases of Diamond Imprest Licence/Replenishment Licences and Physical exports made against these licences may also be counted towards EPCG Scheme licences issued prior to 1.4.99 but w.e.f. 1.4.1993 only.
This issues with the approval of Director General of Foreign Trade.
Sd/-
(A.K. Srivastava)
Dy. Director General of Foreign Trade
Issued by:
Government of India
Directorae General of Foreign Trade
(PC-IV Division), New Delhi
(F.No.01/94/180/164/AM99/PC-IV)