Status holder export entitlement now tied to average annual export realization; free supplies excluded from export incentives. Status holders may export freely exportable items on a free of cost basis subject to categorywise annual limits measured as a percentage of average annual export realisation during the preceding three licensing years: a standard cap for most exporters, a lower-of amount or percentage cap for Gems and Jewellery and Articles of Gold and precious metals exporters, and an elevated cap for pharmaceutical supplies to international and government health programmes. Such free supplies are ineligible for Duty Drawback or any other export incentives.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Status holder export entitlement now tied to average annual export realization; free supplies excluded from export incentives.
Status holders may export freely exportable items on a free of cost basis subject to categorywise annual limits measured as a percentage of average annual export realisation during the preceding three licensing years: a standard cap for most exporters, a lower-of amount or percentage cap for Gems and Jewellery and Articles of Gold and precious metals exporters, and an elevated cap for pharmaceutical supplies to international and government health programmes. Such free supplies are ineligible for Duty Drawback or any other export incentives.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.