Duty free import entitlement expanded for approved hotels and tourism providers, with procedural corrections to export obligation rules. Hotels approved as three star or above and tourism service providers registered with the Department of Tourism are entitled to duty free imports equal to five percent of foreign exchange earned in the preceding three years subject to a minimum threshold. Supplies from EOU/EHTP/STP units to DTA will count toward fulfilment of positive net foreign exchange. EPCG licences above the high duty saved threshold will have export obligations spread over 12 years. The word 'average' is deleted from paragraph 3.7.2. SEZ units/developers may obtain entitlements on a disclaimer from the DTA supplier.
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Duty free import entitlement expanded for approved hotels and tourism providers, with procedural corrections to export obligation rules.
Hotels approved as three star or above and tourism service providers registered with the Department of Tourism are entitled to duty free imports equal to five percent of foreign exchange earned in the preceding three years subject to a minimum threshold. Supplies from EOU/EHTP/STP units to DTA will count toward fulfilment of positive net foreign exchange. EPCG licences above the high duty saved threshold will have export obligations spread over 12 years. The word 'average' is deleted from paragraph 3.7.2. SEZ units/developers may obtain entitlements on a disclaimer from the DTA supplier.
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