Regarding Exemption under Vishesh Krishi and Gram Udyog Yojana (VKGUY).

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....(1) of section 5A of the Central Excise Act, 1944, the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby exempts the goods specified in the Fourth Schedule to the said Central Excise Act, when cleared against a Vishesh Krishi and Gram Udyog Yojana (Special Agriculture and Village Industry Scheme) duty credit scrip issued to an exporter by the Regional Authority in accordance with paragraph 3.13.2 of the Foreign Trade Policy (hereinafter referred to as the said scrip) from the whole of duty of excise leviable thereon under the Fourth Schedule to the said Central Excise Act. ]-      (i)      the whole of the duty of excise leviable thereon under ....

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....er Para 2.35 of the Foreign Trade Policy;           (iii)       Exports through transshipment, meaning thereby that exports originating in third country but transshipped through India;           (iv)      Deemed Exports;           (v)       Exports made by Special Economic Zone units or Special Economic Zone products exported through Domestic Tariff Area units;           (vi)      Items, which are restricted or prohibited for export under Schedule -2 of Export Pol....

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....ble, but for this exemption in or on the reverse of the said scrip and also mentions the necessary details thereon, updates its own records and sends written advice of these actions to the said Officer;      (g)    that at the time of clearance, the holder of the scrip presents the said scrip debited by the said Customs authority to the said Officer along with an undertaking addressed to the said Officer that in case of any amount short debited in the said scrip he shall  pay on demand an amount equal to the short debit, along with applicable interest;      (h)    that based on the said written advice and undertaking, the said Officer endorses the clearance par....

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....;        (C)  "Regional Authority" means the authority competent to grant a duty credit scrip under the Foreign Trade (Development and Regulation) Act, 1992 (22 of 1992).   [F. No. 605/12/2012-DBK]   (Rajesh Kumar Agarwal) Under Secretary to the Government of India Notes: 1. Substituted vide Notification No. 17 / 2013-Central Excise dated 16^th May, 2013 before it was read as "2009 and" 2. Substituted vide Not. 17/2017 - Dated 30-6-2017, w.e.f. 1st day of July, 2017 before it was read as, "In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944), read with sub-section (3) of section 3 of the Additional Duties of Excis....