EPCG licence transitional duty relief extended for eligible pre-existing licences; FTP textual and procedural corrections clarified. Revised concessional duty treatment for EPCG licences issued on or before 31 March 1997 provides reduced duty for imports cleared on or after the notification and zero duty for specified agriculture and allied sector licences meeting the stated cif threshold. Textual and procedural corrections clarify minimum net foreign exchange wording for electronic hardware units, extend provisions to EHTP/STP Units, amend processing to require Development Commissioner concurrence with final customs processing based on input-output norms, revise the net foreign exchange formula, correct an appendix reference, and delete a product category.
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Provisions expressly mentioned in the judgment/order text.
EPCG licence transitional duty relief extended for eligible pre-existing licences; FTP textual and procedural corrections clarified.
Revised concessional duty treatment for EPCG licences issued on or before 31 March 1997 provides reduced duty for imports cleared on or after the notification and zero duty for specified agriculture and allied sector licences meeting the stated cif threshold. Textual and procedural corrections clarify minimum net foreign exchange wording for electronic hardware units, extend provisions to EHTP/STP Units, amend processing to require Development Commissioner concurrence with final customs processing based on input-output norms, revise the net foreign exchange formula, correct an appendix reference, and delete a product category.
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