Directorate General of Foreign Trade (DGFT) has extended the eligibility period for Vishesh Krishi Upaj Yojana (VKUY) benefits on cashew exports under ITC(HS) Codes 080131, 080132, and 20081910. Initially, the VKUY benefits applied only to exports made from January 4 to April 26, 2005, but now they will also cover exports from September 1, 2004, through April 26, 2005. This revision follows appeals by The Cashew Export Promotion Council of India, which highlighted that exporters had accounted for these benefits in their contracts.
GOVERNMENT OF INDIA
MINISTRY OF COMMERCE & INDUSTRY
DEPARTMENT OF COMMERCE
DIRECTORATE GENERAL OF FOREIGN TRADE
Policy Circular No. 46 (RE-2005)/2004-2009 Date: 19thJan., 2006
Subject: Vishesh Krishi Upaj Yojana benefits for export of Cashew
Attention is invited to Policy Circular No.18(RE-2005)/2004-2009, dated 28th July, 2005 vide which it was clarified that export of Cashew covered under ITC(HS) Code 080131, 080132 & 20081910 shall be entitled for Vishesh Krishi Upaj Yojana benefits in respect of such exports made between 4.1.2005 and 26.4.2005 only.
2. Representations have been received requesting reconsideration of the period of eligibility of Cashew exports for benefits under VKUY. It has been pleaded that since the scheme was introduced for the first time in the Foreign Trade Policy 2004-09 announced on 31st August 2005, the exporters of this commodity have factored the component of this benefit under the scheme while finalizing export contracts.
3. Giving due consideration to the above argument put forth by The Cashew Export Promotion Council Of India, it has been decided that export of Cashew covered under ITC (HS) Code 080131, 080132 & 20081910 shall now be entitled for Vishesh Krishi Upaj Yojana benefits in respect of exports made between 01.09.2004 and 26.4.2005 .Policy circular No.18(RE2005)2004-2009 stands modified accordingly.
4. This issues with the approval of the Director General of Foreign Trade.
(M.K. Parimoo )
Dy. Director General of Foreign Trade
(F.No : 01/94/180/Policy Circular/AM06/ PC-I)
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