Deemed export benefits reinstated: prior circular restored and restrictive guidance withdrawn, entitling main contractors to benefits. Policy amendments designate the Special Imprest License to the main contractor and remove the restriction that limited deemed export benefits to goods manufactured by the main contractor. Consequently, Policy Circular No.57 is withdrawn and the prior DGFT circular dated 18th March, 1994 is restored as the governing guidance, with supplies during the intervening period and subsequently being entitled to deemed export benefits under the reinstated circular.
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Provisions expressly mentioned in the judgment/order text.
Deemed export benefits reinstated: prior circular restored and restrictive guidance withdrawn, entitling main contractors to benefits.
Policy amendments designate the Special Imprest License to the main contractor and remove the restriction that limited deemed export benefits to goods manufactured by the main contractor. Consequently, Policy Circular No.57 is withdrawn and the prior DGFT circular dated 18th March, 1994 is restored as the governing guidance, with supplies during the intervening period and subsequently being entitled to deemed export benefits under the reinstated circular.
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