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Date: 13-11-2009
Notification No: DGFT Policy Circular No 16/2009-2014 DT.13/11/2009
Issuing Authority: DGFT  
Type: Circular
File No: 01/36/218/43/AM10/PC.V/EPCG.II
Subject: Clarification regarding Foreign Exchange earnings to be counted for redemtion of EPCG Authorizations issued to Service Provider.

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

Circular No. 16 /2009-2014 Dated: 13.11.2009

To

Jt.DGFTs,
All RAs

Subject: Clarification regarding Foreign Exchange earnings to be counted for redemption of EPCG Authorizations issued to Service Provider.

A representation has been received from Zonal Joint Director General of Foreign Trade, Mumbai Office seeking clarification regarding calculation of Foreign Exchange earned for redemption of EPCG Authorizations issued to Service Providers in terms of provisions of Circular No. 25 dated 01.01.2008.

  1. The matter has been examined and it is clarified that Policy Circular No. 25 dated 01.01.2008 has specifically been issued for the Served From India Scheme (SFIS) and is not applicable to the EPCG Scheme. EPCG authorizations may be issued and redeemed as per the provisions of Chapter 5 of FTP & HBP Vol.I.

  2. AAll Regional Authorities are therefore informed that the provisions of Circular No. 25 dated 01.01.2008 are not to be applied for redemption of EPCG Authorizations.

    This issues with the approval of Director General of Foreign Trade/li>

Sd/-
(Akash Taneja)
Joint Director General of Foreign Trade
(Issued from File No. 01/36/218/43/AM10/PC.V/EPCG.II)

       

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