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Corrigendum to Circular NO.25/2003 Dated, the 1st April, 2003
2003-04 EXIM Policy - Changes made in Advance License, DFRC, EPCG, DEPB and DEEC Schemes, etc.

In Department of Revenue Circular No. 25/2003 dated 01.04.2003 :-

(i) the heading of paragraphs 2.2 and 2.6 shall be corrected to read as "Duty Free Entitlement Credit Certificate to Service Provider" and "Export Promotion Capital Goods (EPCG) Scheme" respectively, and

(ii) in para 2.2, the third sentence shall be corrected to read as " Hotels shall be entitled for duty free import of spares, office equipments and furniture, professional equipments and consumables but excluding agricultural and dairy products equivalent to 5% of the average foreign exchange earned by them during preceding 3 years."

Yours faithfully,

(R.K. TALAJIA)
OFFICER ON SPECIAL DUTY (DBK)

F.NO.605/01/2003-DBK
Government of India, Ministry of Finance, Department of Revenue