One Percent Additional Duty Credit Scrip for New Entries in FMS and FPS

[DGFT Notification No. 79 dated 13^th October 2011]

In exercise of the powers conferred by Section 5 of the Foreign Trade (Development and Regulation) Act, 1992 read with Para 2.1 of the Foreign Trade Policy, 2009-2014, the Central Government hereby makes the following amendments in the Foreign Trade Policy 2009-14:

1. The following sub para is added at the end of Para 3.14.2 of FTP 2009-14:

Export of products to notified countries (in Table 3 of Appendix 37C of HBPv1) will be entitled for additional duty credit scrip @ 1% of FOB value of exports (in free foreign exchange) made with effect from 01.04.2011.

2. The following sub para is added at the end of Para 3.15.2 of FTP 2009-14:

Focus Products notified under Table 8 of Appendix 37D shall be granted additional duty credit scrip @ 1% of FOB value of exports (in free foreign exchange) for exports made with effect from 01.10.2011 till 31.03.2012.