Exporters can choose 0% EPCG or SHIS, if incorrectly issued: DGFT
The Dollar Business Bureau DGFT has decided that exporters who have been incorrectly issued or availed simultaneous benefit of Status Holder Incentive Scheme (SHIS) and Zero Duty EPCG Authorization under Foreign Trade Policy 2009-14, shall be allowed flexibility to choose one of the two schemes. “The DGFT (Directorate General of Foreign Trade) had received references from Directorate of Revenue Intelligence and various exporters, on the subject of incorrectly issued simultaneous benefits of Status Holder Incentive Scheme (SHIS) and Zero Duty EPCG Authorization under Foreign Trade Policy 2009-14. The representations have been examined by this Directorate in consultation with Department of Revenue and it has been decided that exporters who have been issued or availed such simultaneous benefit of these schemes shall be allowed flexibility ...
