3.7.2

VISHESH KRISHI AND GRAM UDYOG YOJANA (VKGUY)

(a) Policy pertaining to Agri. Infrastructure Incentive Scrip under VKGUY is given in Para 3.13.4 of Chapter 3 of FTP. Status Holders may apply for grant of Duty Credit Scrip in ANF 3D along with documents prescribed therein to RA, CLA, New Delhi for export made during current year.

(b) One application can be filed by an applicant before the last date prescribed for each half year period (Apr-Sep / Oct-Mar). Applications for exports during Apr-Sept period shall be filed from 15th January till 15th February of current year financial year and for exports during Oct-Mar period, applications shall be filed from 1st May till 31st May of the next licensing year.

(c) Applications received after the last date shall be summarily rejected, as provisions of Para 9.2 and Para 9.3 of HBP shall not be applicable.

(d) The allocation of Duty Credit Scrip by RA, CLA, New Delhi, under Para 3.13.4 of FTP, shall be done proportionate to the eligible claims of individual applicants, vis-à-vis the total eligible claims of all the status holders put together, received for each half year (Apr-Sep / Oct-Mar) periods, in such a way that the total benefits granted for all status holders put together does not exceed the limit prescribed for each half year in Para 3.13.4 of FTP. Accordingly if the total eligible claim of all the status holders put together is, say, Rs 200 Cr, each applicant status holder would be granted one-fourth of the claim an applicant is eligible for.