4.2.2

DFRC may be issued for physical exports against freely convertible currency / supplies effected under paragraph 8.2 of the Policy (except for supplies made to DFRC holder). DFRC may also be issued in respect of exports (including supplies to SEZ) for which payments are received in non-convertible currency. Such exports shall, however, be subject to value addition and conditions as specified in Appendix-11 of Handbook (Vol.1)