Admissibility of 5% Entitlement Rate under VKGUY Scheme, for shipments under Duty Drawback Scheme where the Drawback Rate is up to 1% only (including both Customs & Excise components).

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..... Subject: Admissibility of 5% Entitlement Rate under VKGUY Scheme, for shipments under Duty Drawback Scheme where the Drawback Rate is up to 1% only (including both Customs Excise components). Representations have been received from exporters as well as Regional Authorities regarding the applicability of VKGUY entitlement rate when the shipment is made under the Duty Drawback Scheme .....

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..... Exports. 4. It has been similarly decided that wherever Duty Drawback Rate is up to 1% only (including both Customs Excise components), such exports under Duty Drawback Scheme are entitled to VKGUY Scheme benefits @ 5% of Fob Value of Exports. 5. It is also clarified that since the above provision (as in 2 above) was introduced in FTP (RE2006), this provision applies for VK .....

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