Duty credit scrips: amendment permits debit for import of items previously excluded under Appendix provisions of trade policy. The Director General, under paragraph 1.03 of the Foreign Trade Policy 2015-2020, deleted items at serial numbers 01-07 from the Appendix to the Merchandise Exports from India Scheme, with immediate effect. As a result, duty credit scrips issued under Chapter 3 of MEIS may now be debited for import of items that were earlier excluded by those Appendix entries, thereby expanding procedural eligibility for utilisation of export-linked duty credits in import transactions.
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Provisions expressly mentioned in the judgment/order text.
Duty credit scrips: amendment permits debit for import of items previously excluded under Appendix provisions of trade policy.
The Director General, under paragraph 1.03 of the Foreign Trade Policy 2015-2020, deleted items at serial numbers 01-07 from the Appendix to the Merchandise Exports from India Scheme, with immediate effect. As a result, duty credit scrips issued under Chapter 3 of MEIS may now be debited for import of items that were earlier excluded by those Appendix entries, thereby expanding procedural eligibility for utilisation of export-linked duty credits in import transactions.
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