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EDF waiver for free-of-cost exports: status holders' entitlement now capped by revised annual limit, banks to consider requests. Status Holders' entitlement to export freely exportable items free of cost for export promotion is limited by an annual monetary cap and a percentage based cap on average annual export realization, with the revised rule applying the lower of the two limits; AD Category I banks may consider requests for EDF waiver from Status Holder exporters under this revised norm, and banks should inform constituents of the change under FEMA authority.
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EDF waiver for free-of-cost exports: status holders' entitlement now capped by revised annual limit, banks to consider requests.
Status Holders' entitlement to export freely exportable items free of cost for export promotion is limited by an annual monetary cap and a percentage based cap on average annual export realization, with the revised rule applying the lower of the two limits; AD Category I banks may consider requests for EDF waiver from Status Holder exporters under this revised norm, and banks should inform constituents of the change under FEMA authority.
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