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of <h1>Guidance on Handling Merged Turnover for DFCE and Target Plus Schemes in M&A from 2002-2006 Clarified by DGFT.</h1> The circular addresses the treatment of merged turnover for granting benefits under the DFCE for Status Holders' Scheme and the Target Plus Scheme during mergers and acquisitions from April 1, 2002, to March 31, 2006. It clarifies that eligibility criteria for export turnover must be met by any company or firm prior to the merger or acquisition. Incremental growth and entitlement rates should be assessed based on pre- and post-merger turnover. The cap for the Target Plus Scheme must be considered against the pre-merger turnover of the eligible company. This guidance supersedes previous instructions and has been approved by the DGFT.
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