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of <h1>New Guidelines on NFE Calculation for Export Houses: Deduct Import Costs from FOB Value per EXIM Policy Paragraph 12.6.</h1> The circular from the Directorate General of Foreign Trade clarifies the calculation of Net Foreign Exchange (NFE) for recognizing Export Houses. It states that the cost, insurance, and freight (c.i.f.) value of imports by 100% Export Oriented Units (EOUs) or units in Export Processing Zones (EPZ) must be deducted from the free on board (f.o.b.) value of exports. This deduction is mandated by Paragraph 12.6 of the EXIM Policy 1997-2002, as imports by these units under a Letter of Permission or Intent are considered licensed imports.
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