Government of India
Ministry of Commerce & Industry
Department of Commerce
Directorate General of Foreign Trade
Udyog Bhavan, New Delhi.
Policy Circular No. 7 (RE-2012)/2009-14
Dated the 25th October, 2012
To
All Customs Authorities
All Regional Authorities,
Trade Associations.
Subject:- Para 5 of Public Notice No. 12 (RE -2012)/2009-14 dated 26th July,
2012.
The validity of Duty Credit Scrips issued under Chapter 3 was reduced from 24
months to 18 months vide
Public Notice No. 12 dated 26.7.2012. This Public
Notice was deemed to have been issued on 05.06.2012 so as to make these
provisions consistent with the Foreign Trade Policy (FTP) announced on
05.06.2012 and to avoid inconvenience to trade and industry.
- RAs have issued duty credit scrips during this period i.e. from 05.06.2012 to
26.7.2012 with a validity of 24 months. Keeping in view this situation and in
order to avoid any increased transaction cost to exporters, it is clarified that
duty credit scrips issued upto 26.07.2012 will continue to have validity of 24
months and duty credit scrips issued after 26.7.2012 will have validity of 18
months.
- This issues with the approval of Director General of Foreign Trade.
(Hardeep Singh )
Joint Director General of Foreign Trade
Email: [email protected]
(Issued from F.No 01/91/180/160/AM12/PC 3)