Eximkey - India Export Import Policy 2004 2013 Exim Policy
2.56

In case the exporter is denied the benefit of a scheme, under which a shipping bill is filed, by the licensing authority or the Customs, the exporter may be permitted to convert such shipments to another scheme provided the exporter is entitled to the benefit under the scheme in which the shipment is subsequently converted.

(Please refer CUS CIR NO.06/2003 DATE 28/01/2003 for Conversion of free shipping bills into Advance License/ DEPB/DFRC/Drawback shipping bills and conversion of shipping bills from one export promotion scheme to another-reg.)
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