Grant of benefits under Promotional Schemes of Chapter 3 and Para 5.4(v) of FTP RE2007, clarification

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..... P RE2007. It is provided therein that "Foreign exchange counted towards fulfillment of EO (over and above the average) shall not be eligible for incentives / rewards under promotional measures / schemes". This clause has been deleted in FTP RE2008. 2. In so far as export of goods is concerned, it is clarified that Para 5.4(v) of FTP RE2007 applies to foreign exchange earned on exports made during .....

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..... ery may be effected immediately (by surrender of unused duty credit scrip, reducing the value of duty credit scrip, or deposit of TR challan, or any adjustment from any pending duty credit scrip application). 4. Further at the time of redemption of EPCG Authorisations for exporters (of goods) where foreign exchange earned on exports made during 1.4.2007 till 31.3.2008 is used for discharge of EO, .....

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