NO:CLE-HO/POL/CIRCULAR/2016
Jan. 3, 2017
Members of the Council,
Sub: Procedure for claiming Duty Credit Scrips under Chapter 3 of FTP 2009-14 for shipments where LEO date is upto 31.03.2015 but date of export is on or after 01.04.2016.
Dear Sir,
Members are aware that in the Foreign Trade Policy 2009-14, the Focus Product Scheme was implemented as per which notified leather products and footwear fot 4% duty credit scrip while finished leather was entitled to 2% scrip under this scheme. In the Foreign Trade Policy 2015-20, a new scheme called Merchandise Exports from India Scheme (MEIS) was notified as per which notified leather products and footwear get 3% scrip while finished leather gets 2%.
The DGFT has issued a Public Notice No.48/2015-2020 dated 29th Dec. 2016 on the above subject. The Public Notice states the following:
Members may kindly note the above.
Thanks & regards,
R.Ramesh Kumar
Executive Director
COUNCIL FOR LEATHER EXPORTS
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