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Supplies to SEZ entitled to DFRC benefits

Our Bureau

New Delhi , Jan. 20

THE Department of Commerce has clarified that all supplies made to special economic zone (SEZ) units after September 1, 2004 would be entitled for the benefits of duty-free replenishment certificate (DFRC) under the foreign trade policy.

This clarification has come in response to the doubts raised before the Directorate-General of Foreign Trade (DGFT) regarding availability of DFRC benefits on supplies made to SEZ units.

The facility of drawback/advance licence/duty entitlement passbook benefits is already available for supplies made to SEZ.

Meanwhile, the DGFT has issued a notification on January 19 for the gems and jewellery sector allowing import of gold of 8K and above under replenishment scheme subject to proper verification by way of an Assay Certificate.

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