GOVERNMENT OF INDIA
DEPARTMENT OF COMMERCE
DIRECTORATE GENERAL OF FOREIGN TRADE
UDYOG BHAWAN, NEW DELHI-110011
Policy Circular No. 15/2009-14
Dated: 05 November, 2009
To
All Regional Authorities
Sub: Grant of VKGUY and FPS/FMS benefits against self attested EP copy of
Shipping Bills (in cases where original EP copy of Shipping Bill has been
negotiated by the Bank).
Requests have been received from few firms stating that original EP-cum-Exchange
Control copy of Shipping Bill have been submitted to the Bank by them for
negotiation purpose and the same is not receivable from the Bank and they have
requested to consider their claims under VKGUY and FMS/FPS Schemes on the basis
of submission of self attested copies of the Shipping Bills.
- The matter has been examined in the DGFT. It has been decided that before
granting benefits under these Schemes, the following documents may be furnished
by the applicant:
- An Affidavit and Indemnity Bond, where the applicant clearly states that the
original EP copy was handed over to the Bank for negotiation purpose, along with
a letter from the Bank confirming the same;
- Self attested photocopy of the Shipping Bill be submitted by the applicant.
- RA to impose a cut of 2% on the entitlement as indicated in Para- 2.60 of HBP
v1.
- This issues with the approval of DGFT.
Sd/-
[Anil Kumar Singh]
Joint Director General of Foreign Trade
[Issued from F.No. 01/91/180/1268/AM09/PC3]