Advance License and export relief schemes revised to change duty free import rules, EO verification and scrip issuance procedures. Changes to the Advance License, DFRC, DEPB and EPCG schemes modify eligibility, procedural mechanics and verification responsibilities under Exim Policy 2002-07. Advance Licences permit duty free import of inputs (including fuel and mandatory spares), discontinue annual licences and DEEC books, and differentiate pre export and post export licence documentation and Customs verification. DFRC removes routine technical co relation except for specified items; DEPB scrips are post export and may include excise and SAD elements; EPCG introduces block wise EO periods with extension mechanisms and alternative EO fulfilment routes. DGFT EO Discharge Certificates generally support bond/BG redemption subject to Customs' verification in doubtful or investigative cases.
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Advance License and export relief schemes revised to change duty free import rules, EO verification and scrip issuance procedures.
Changes to the Advance License, DFRC, DEPB and EPCG schemes modify eligibility, procedural mechanics and verification responsibilities under Exim Policy 2002-07. Advance Licences permit duty free import of inputs (including fuel and mandatory spares), discontinue annual licences and DEEC books, and differentiate pre export and post export licence documentation and Customs verification. DFRC removes routine technical co relation except for specified items; DEPB scrips are post export and may include excise and SAD elements; EPCG introduces block wise EO periods with extension mechanisms and alternative EO fulfilment routes. DGFT EO Discharge Certificates generally support bond/BG redemption subject to Customs' verification in doubtful or investigative cases.
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