VISHESH KRISHI AND GRAM UDYOG YOJANA (VKGUY)

3.19.1

Policy pertaining to VKGUY is given in Chapter 3 of FTP. Appendix 37A contains the list of VKGUY items along with the admissible date of export. Application for grant of Duty Credit scrip under VKGUY shall be made to RA concerned in ANF 3C along with documents prescribed therein.

Multiple Applications can be filed and supplementary cut shall not be applicable. However an application shall contain a maximum of upto 50 shipping bills.

Listed products shall be eligible for Duty Credit Scrip upon exports on or after the Date of Export indicated in the relevant Appendix. Date of Export is determined in terms of Para 9.12 of HBPv1. Moreover, the Duty Credit Scrip value shall be computed on the FOB value realized as indicated in the BRC/FIRC.

(Above para 3.19.1 has been corrected vide PN. NO. 110/2008, DT. 21/11/2008)

[OLD-

3.19.1

Policy pertaining to VKGUY is given in Chapter 3 of FTP. Appendix 37A contains the list of VKGUY items.Application for grant of Duty Credit scrip under VKGUY for export made from 1.4.2008 onwards shall be made to RA concerned in ANF 3C along with documents prescribed therein.

Applicant may file one or more applications subject to condition that each application shall contain not more than 50 shipping bills. All shipping bills in any one application must relate to exports made from one Customs House only, which shall be the port of registration for Duty Credit Scrip. For exporter with more than 50 shipping bills in one year, multiple applications can be filed and supplementary cut (para 9.4 of HBPv1) shall not be applicable. ]