Duty Credit Scrips permitted for EPCG import payments where item is importable, expanding duty payment flexibility. The amendment deletes the term 'realized' from Paragraph 3.8.2 and replaces BRC/FIRC language with 'in free foreign exchange' in Paragraph 3.11.2(b), effective 1 April 2009. Duty credit scrips under Chapter 3 can be used to pay duties under the EPCG scheme where imports are allowable against the scrip; DEPB scrips are likewise permitted for EPCG duty payment. Nominated agencies for procurement of precious metals are enumerated and import/monitoring procedures follow HBP v1 and RBI guidelines. Worked Coral import policy is changed to Free and specified pharmaceutical exports require a No Objection Certificate.
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Provisions expressly mentioned in the judgment/order text.
Duty Credit Scrips permitted for EPCG import payments where item is importable, expanding duty payment flexibility.
The amendment deletes the term "realized" from Paragraph 3.8.2 and replaces BRC/FIRC language with "in free foreign exchange" in Paragraph 3.11.2(b), effective 1 April 2009. Duty credit scrips under Chapter 3 can be used to pay duties under the EPCG scheme where imports are allowable against the scrip; DEPB scrips are likewise permitted for EPCG duty payment. Nominated agencies for procurement of precious metals are enumerated and import/monitoring procedures follow HBP v1 and RBI guidelines. Worked Coral import policy is changed to Free and specified pharmaceutical exports require a No Objection Certificate.
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