|To : Indian Registered Exporter
Sub : Application for DFRC (Duty
Free Replenishment Certificate)
||1. Duty Free Replenishment Certificate
shall be issued only in respect of Export products covered under
the SION as Notified by DGFThaving same quality, technical Characteristics
and specifications as those used in the end product and as indicated
in the shipping bills.
||The validity of such licences shall be
12 months. DFRC and or the material imported against it shall
be freely transferable.
||The Duty Free Replenishment Certificate
shall be subject to a minimum Value addition of 33%.
||The export products, which are eligible
for modified VAT, shall be eligible For CENVAT credit. However,
non excisable, non dutiable or non centrally vatable products,
shall be eligible for drawback at the time of exports in lieu
of additional customs duty to be paid at the time of imports
under the scheme.
||The exporter shall be entitled
for drawback benefits in respect of any of the Duty paid materials,
Whether imported or indigenous, used in the export product as
per the drawback rate fixed by Directorate of Drawback (Ministry
of Finance). The drawback shall however be restricted to the
dutypaid materials not covered under SION.
If you have any queries, please feel free to call or fax
||Validity of DFRC to be extended from 12
months to 18 months.
||Dispensing with the need of technical characteristics
for inputs except for items in the sensitive list.
||Automatic calculation of CIF value under
DFRC scheme without reference to international price of individual
||Provision incorporated for claim of DFRC
against advance payment.
||Coverage of additional ports under DFRC
||Split up facility extended to DFRC scheme
to give operational flexibility to the holder of DFRC.