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of <h1>India Revises Foreign Trade Policy: New Criteria for Duty Credit Scrip Eligibility in Paragraph 3.08(b.</h1> The Government of India has amended Paragraph 3.08(b) of Chapter 3 of the Foreign Trade Policy (FTP) 2015-2020. The amendment clarifies the criteria for service providers to qualify for Duty Credit Scrip. Previously, providers needed a minimum net free foreign exchange earnings of US$15,000 in the preceding financial year, while individual service providers and sole proprietorships required US$10,000. The revised criteria require these earnings in the year of service rendering instead. This change aims to clarify the threshold level of earnings necessary for eligibility.
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