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

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.... 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 (erstwhile VKUY Scheme) for purpose of imports even of goods/items that are freely importable under the ITC (HS) Book. 3. In view of this, it is hereby clarified....

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....as not allowed for duty credit scrips earned for export during this period. c) For VKUY Duty Credit Scrips issued for exports made during 2005-06, Policy FTP (RE2005) applies. Accordingly Para 3.8.3, read with Para 3.8.3.1 would determine the items permitted for imports under the scheme. The negative list of imports for VKUY was listed as Appendix 37B items. Policy Circular 40 dated 8.12.2005 ha....

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.... are allowed. Further all freely importable capital goods are also allowed, except a few capital goods. This was done by amending Appendix 37B vide Public Notice No 61(RE2007)/2004-09 dated 5.10.2006. e) VKGUY Duty Credit Scrips issued for exports made during 2008-09 can be used for imports, as governed by Para 3.12.4 of FTP (RE2008), of all freely importable items covered under Chapters 1 to 98....