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of <h1>Exporters Must Choose Between Zero Duty EPCG or SHIS Benefits for 2009-14; No Penalties for Past Errors.</h1> The Directorate General of Foreign Trade has issued a procedure for handling cases where exporters incorrectly received simultaneous benefits under the Zero Duty EPCG and SHIS schemes during the Foreign Trade Policy 2009-14. Exporters must choose one benefit to retain and return the other, with options for refund or conversion available under specific conditions. No penalties will be imposed for past errors due to differing interpretations. Exporters have nine months to comply, and the Central Board of Excise and Customs will issue further guidance. This aims to resolve discrepancies and ensure compliance with trade policies.
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