3.13.3

Applicability of Reduced Rate

Duty Credit Scrip benefits under VKGUY scheme shall be granted only at a reduced rate of 3% of FOB value of exports in such cases where exporter has also availed benefits of:

(i) Drawback at rates higher than 1%; and/or

(ii) Specific DEPB rate (i.e. other than Miscellaneous Category – Sr. Nos. 22D & 22C of Product Group 90); and/or

(iii) Advance Authorization or Duty Free Import Authorization Import of inputs (other than catalysts, consumables and packing materials)

for the exported product for which Duty Credit Scrip under VKGUY is being claimed.