Provision of-2% Duty Credit Scrip under Focus Product Scheme for -Finished Leather-
August 31, 2010
Members of the Council
Sub : Provision of 2% Duty Credit Scrip under Focus Product Scheme for “Finished Leather”
As informed to members earlier, the Hon’ble Union Minister for Commerce and Industry announced in the Annual Supplement 2010-11 to the Foreign Trade Policy 2009-14 that Finished Leather export shall be entitled for Duty Credit Scrip @ 2% under Focus Product Scheme (FPS).
Accordingly, the Director General of Foreign Trade (DGFT) has now issued a Public Notice No.06/(RE-2010)/2009-14 dated 30th August 2010 regarding inclusion of Finished Leather falling under ITC (HS) Code 4107, 4112 and 4113 under Focus Product Scheme in Table 4 of Appendix 37 D of Handbook of Procedures – Vol. I for exports made with effect from 1.4.2010. As per this Public Notice Finished Leather falling under the aforesaid ITC (HS) Codes exported from 1.4.2010 will be eligible for a duty credit scrip of 2% under Focus Product Scheme.
Members may kindly note the above.
Ali Ahmed Khan
COUNCIL FOR LEATHER EXPORTS