Trade policy amendments expand duty credit entitlements and sectoral import concessions for exporters and service providers. The Foreign Trade Policy 2004-2009 amends export promotion schemes and customs notifications to expand sectoral concessions and revise entitlement mechanics: AEZ units receive conditional BG exemptions and EPCG installation flexibility; Vishesh Krishi Upaj Yojana provides transferable duty credit scrips for agricultural exports with CENVAT/drawback adjustments; Target Plus and Served From India replace earlier status and DFCEC schemes with tiered and sectoral duty credit entitlements; DEPB, EPCG and DFRC provisions and procedural rules (including BG/LUT execution, second hand capital goods imports, and regularisation of export obligation defaults) are modified and operationalised through specified notifications.
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Trade policy amendments expand duty credit entitlements and sectoral import concessions for exporters and service providers.
The Foreign Trade Policy 2004-2009 amends export promotion schemes and customs notifications to expand sectoral concessions and revise entitlement mechanics: AEZ units receive conditional BG exemptions and EPCG installation flexibility; Vishesh Krishi Upaj Yojana provides transferable duty credit scrips for agricultural exports with CENVAT/drawback adjustments; Target Plus and Served From India replace earlier status and DFCEC schemes with tiered and sectoral duty credit entitlements; DEPB, EPCG and DFRC provisions and procedural rules (including BG/LUT execution, second hand capital goods imports, and regularisation of export obligation defaults) are modified and operationalised through specified notifications.
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