Entitlement

3.11.2

Exports of High Technology products (as notified in Appendix 37E of HBP v1) in free foreign exchange to all countries, shall be entitled for Duty Credit Scrip equivalent to:

a) 1.25 % of FOB value of exports; or

b) 5% of incremental growth in FOB value (in free foreign exchange [OLD- realized as per BRC/ FIRC ]) of exports of notified products for current year (i.e., 2008-09) over previous year (i.e., 2007-08) (all taken together) and similarly for each subsequent licensing year.

(In above Para the word "in free foreign exchange" has been replaced by NTF. NO. 88/2008, DT. 26/02/2009 effective for application filed from 1.4.2009 onwards)

Exporter may opt for either (a) or (b) above. However, applicants with ‘nil’ exports in base year shall not be eligible.