Duty Free Credit Entitlement for Status Holders – DGFT amends 2003 HOP
DGFT has amended the 2003 Handbook of Procedures (Vol. I), para 3.2.5 to which is added, “Further in order to enable supporting manufacturers, whose names appear in the shipping bills, to import directly, Licensing Authority concerned shall endorse the names of such supporting manufacturers on the certificate as co-licensees.”
Consequently listed supporting manufacturers shall be ‘co-licensees' for DFCE for Status Holders Scheme 2003-04 issued under Para 3.7.2.1 (vi) of the Export and Import Policy ( RE2003 ) and duty credit scrips which have been already issued under the scheme shall be deemed to be amended to this extent.
DGFT PN NO. 122 (RE-2008)/2004-2009, Dated: March 5, 2008