In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts goods when imported into India against a duty credit scrip issued under the Focus Product Scheme.
a. export of imported goods covered under Para 2.35 of the Foreign Trade Policy or exports made through transhipment; b. export turnover of units operating under SEZ/EOU/EHTP/STPI/BTP Schemes or supplies made to such units or products manufactured by them and exported through DTA units; c. deemed exports; d. service exports; e. Diamonds and other precious, semi-precious stones
The principal notification No. 85/2004-Customs, dated the 31st August, 2004, was published in the Gazette of India, Extraordinary, vide number G.S.R. 560 (E), dated the 31st August, 2004 and was last amended by notification No. 69/2006-Customs, dated the 30th June,2006, published vide number G.S.R. 395 (E) dated the 30th June,2006.
