Utilization of Vishesh Krishi and Gram Udyog Yojana (VKGUY) scrips (Erstwhile Vishesh Krishi Upaj Yojana (VKUY) scrips).

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....sp;      Utilization of Vishesh Krishi and Gram Udyog Yojana (VKGUY) scrips (Erstwhile Vishesh Krishi Upaj Yojana (VKUY) scrips).  Attention is invited to Para 3.8 of the Foreign Trade Policy 2004-2009. 2.      It has been reported that some customs authorities are not permitting utilization of the scrips issued under VKGUY scheme (erstw....

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....ew as listed therein. This is an additional provision (by adding Para 3.8.3.1) and does not undo what is already granted in Para 3.8.3. No negative or positive list for import of capital goods was announced, which means that import of capital goods was not allowed for duty credit scrips earned for export during this period. c)      For VKUY Duty Credit Scrips issued for....

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.... scheme was renamed as VKGUY. For VKGUY Scrips issued for exports made during 2006-07, import allowed is governed by Para 3.8.3 read with Para 3.8.3.1 of FTP (RE2006). All freely importable items covered under ITC HS book, except for a few items listed in Appendix 37B of the Handbook of Procedures Vol. I, are allowed. Further all freely importable capital goods are also allowed, except a few capit....