|
In
terms of A.P. (DIR Series) Circular No. 30 dated 4th
April 2001, status holder exporters and manufacturer
exporters exporting 50% of their production, and recognized
as such by DGFT, have been permitted subject to certain
conditions, to 'write off' outstanding export bills
upto an annual limit of 5% of their average annual realization
(not turnover during the preceding 3 calender years.
It is clarified that this facility covers all types
of exporters irrespective of their location. Accordingly
the above instructions are also applicable to the EOUs
and units located in EPZ/SEZ/STPI and EHTP fulfilling
the requisite criteria.
|
