Export of Free of Cost samples by Status Holders
September 5, 2017
Members of the Council,
Sub : Export of Free of Cost samples by Status Holders ( One Star to Five Star Export Houses)
As members are kindly aware as per Para 3.24 (j) of Chapter-3 of Foreign Trade Policy 2015-2020 states that “Status holders shall be entitled to export freely exportable items on free of cost basis for export promotion subject to an annual limit of Rs.10 lakh or 2% of average annual export realization during preceding three licensing years, whichever is lower”.
The DGFT has now issued a Notification No.23/2015-2020 dated 23.8.17 clarifying that such free of cost supplies shall not be entitled to Duty Drawback or any other export incentive under any export promotion scheme.
Members may kindly note the above.
Thanks and regards