Wait...
Search Global Export Import Trade Data
Recent Searches: No Recent Searches

Date: 25-03-2010
Notification No: DGFT Policy Circular No 27/2009-2014 DT.25/03/2010
Issuing Authority: DGFT  
Type: Circular
File No: 01/36/218/22/AM10/PC.V/EPCG.I
Subject: Acceptance of cash payments (in Foreign Currency Notes), for the purpose of fulfillment of export obligation (EO) by Service Providers under EPCG Scheme; as well as for eligibility for SFIS scrips.

GOVERNMENT OF INDIA
DEPARTMENT OF COMMERCE
DIRECTORATE GENERAL OF FOREIGN TRADE
UDYOG BHAWAN, NEW DELHI – 110 011

Policy Circular No. 27/2009-2014
Dated: 25.03.2010

To
Jt.DGFTs,
All RAs

Subject: Acceptance of cash payments (in Foreign Currency Notes), for the purpose of fulfillment of export obligation (EO) by Service Providers under EPCG Scheme; as well as for eligibility for SFIS scrips.

Representations have been received from Regional Authorities and Service Providers seeking clarification as to the guidelines for issuance of EPCG Authorization in cases where the Service Provider receives Foreign Exchange in cash from foreign consumers in India; for purpose of fulfillment of EO under EPCG Scheme/as well as for eligibility for SFIS scrips.

  1.  The matter has been examined and it is clarified that EPCG scheme is eligible for all service providers as listed in Appendix 10 of HBP Vol. I.

  2. In terms of RBI guidelines, for services rendered by the Service Provider, the foreign consumers (including NRIs) are permitted to make payment in cash (i.e. in foreign currency notes) over the counter to the service provider, as per limits prescribed by RBI. Such service providers earning foreign exchange by receipt of foreign currency in cash from their customers, would be entitled to count such payments received in foreign currency notes towards export obligation of EPCG. Such earnings of foreign exchange shall also be entitled for SFIS scheme. In such cases, the Service Provider as per RBI rules surrenders the foreign currency notes to Authorized Persons (APs , including the APs’ franchises). However, for claiming benefit, of such foreign exchange received in cash by the service provider under the EPCG or SFIS scheme, the Service Provider must maintain a separate register containing the foreign consumers’ details, like Name, Passport Number, date and amount of foreign exchange received in cash.

  3. This issues with the approval of Director General of Foreign Trade.

(Akash Taneja)
Jt. Director General of Foreign Trade
(Issued from File No. 01/36/218/22/AM10/PC.V/EPCG.I)

       

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 16-06-2022
Notification No. 51 /2022 - Customs (N.T.)
Exchange rate Notification No.51/2022-Cus (NT) dated 16.06.2022-reg

Date: 15-06-2022
Notification No. 50/2022-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg.

Date: 08-06-2022
Notification No. 21/2022-Customs (ADD)
seeks to amend notification no. 45/2017-Customs(ADD) dated 18th September, 2017 to extend the ADD on pneumatic tyres of specific specifications from China PR upto 17th December, 2022

Date: 03-06-2022
Notification No. 19/2022-Customs (ADD)
Seeks to extend the levy of ADD on import of Toluene Di-isocyanate (TDI) originating in or exported from China PR, Japan and Korea RP,by amending notification No. 3/2018-Customs (ADD) dated 23-01-2018.

Date: 02-06-2022
Notification No. 49/2022 - Customs (N.T.)
Exchange rate Notification No.49/2022-Cus (NT) dated 02.06.2022-reg.

Date: 31-05-2022
Notification No. 46/2022-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg.

Date: 31-05-2022
NOTIFICATION No. 47/2022-Customs (N.T.)
Notification to exempt the deposits from the provision of Section 51A of the Customs Act -reg.

Date: 31-05-2022
NOTIFICATION No. 48/2022-Customs (N.T.)
Notification to exempt the deposits from the provision of Section 51A of the Customs Act -reg.

Date: 31-05-2022
Notification No. 18/2022-Customs (ADD)
Seeks to further extend the levy of ADD on Jute products originating in or exported from Nepal and Bangladesh.

Date: 30-05-2022
Notification No. 17/2022-Customs (ADD)
Seeks to extend the Anti-Dumping Duty (ADD) on imports of "Styrene Butadiene Rubber" originating in or exported from European Union, Korea RP and Thailand, imposed vide Notification No. 43/2017-Customs (ADD) dated 30th August 2017, till 31st October, 2022.



Exim Guru Copyright © 1999-2022 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001