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of <h1>Exporters Can Choose Between SHIS or Zero Duty EPCG Benefits; Nine-Month Compliance, No Penalties for Past Errors.</h1> The circular addresses the incorrect simultaneous issuance of dual benefits under the Foreign Trade Policy (FTP) 2009-14, specifically the Zero Duty EPCG and Status Holder Incentive Scheme (SHIS). It outlines a resolution allowing exporters to choose which benefit to return, either SHIS or Zero Duty EPCG, with specific conditions for each option. The circular clarifies the procedure for returning benefits, including refund and interest payments, and sets a nine-month timeframe for compliance. It also states that no penal action will be taken against exporters due to past misinterpretations, and provides guidance for Customs field formations.
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