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All supplies made to Special Economic Zones (SEZs) are to be treated as physical exports with effect from 1st September, 2004 and will be entitled for benefits of DFRC (Duty-Free Replenishment Certificate) under the Foreign Trade Policy. The Directorate General of Foreign Trade (DGFT) has issued Public Notice No.47 dated 18th January, 2005 and Notification No.18 dated 18th January, 2005 to this effect relating to provision off DFRC for supplies made to SEZs. This was also announced by Shri Kamal Nath, Union Minister of Commerce & Industry, at his Open House with EOU/SEZ units in Mumbai today. The facility of Drawback/Advance Licence/DEPB (Duty Entitlement Pass Book) was already available for supplies made to SEZs.
A Policy Circular No.16 dated 18th January, 2005 has also been issued wherein it has been clarified that all supplies to SEZ from 1st September, 2004 will be eligible for the benefit of DFRC in terms of Chapter 4 of the Foreign Trade Policy.
A Notification No.19 dated 19th January, 2005 has been issued for the Gems & Jewellery sector allowing import of gold of 8 k and above under Replenishment Scheme subject to proper verification by way of an Assay Certificate. Now onwards the holder of Diamond Imprest Licences will also be entitled to procure the inputs from the indigenous sources in lieu of import against Advance Release Order (ARO). Earlier, the facility was available to the holder of Advance Licence and holder of DFRC only.
SB/SS/MRS
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