Duty Free Credit Entitlement revised to define excluded exports and to prohibit transfer of incremental entitlement. Capital goods, equipment, components, parts and accessories, whether imported or indigenous, may be sent abroad for repairs, testing, quality improvement, up gradation or standardisation and re imported without a licence/certificate/permission except where restricted in the ITC(HS). Exports as gifts are permitted up to a prescribed per licensing year value subject to ITC(HS) exclusions. Warranty spares may be exported with or after the main equipment within the contracted warranty period subject to RBI approval. Duty Free Credit Entitlement for status holders is restricted by specified exclusions to incremental export calculation and is non transferable; the government may notify further excluded products and imports under the scheme.