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 (realized as per BRC / FIRC) of exports of notified products for current year (i.e., 2007-08) over previous year (i.e., 2006-07) and similarly (all taken together) for each subsequent licensing year.

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

(Above Para 3.11.2 has been replaced by NTF. NO. 19/2007, DT. 30/07/2007)

[OLD-
Exports of notified High Tech products (as notified in Appendix 37E of HBP v1) through EDI enabled ports to all countries, shall be entitled for Duty Credit scrip equivalent to 10 % of incremental growth in exports of notified products put together (realized in free foreign exchange) for current year (i.e., 2007-08) over previous year (i.e., 2006-07) for each licensing year commencing from 1st April, 2007.

Computation would be on following basis:

(i) Exports of notified products taken together.

(ii) FOB value realized (as reflected in BRC / FIRC).

(iii)Applicant with ‘nil’ exports in base year shall not be eligible.]