7.3.7.2.Marine Sector

7.3.7.2.Marine Sector 

 

a. Imports for technological upgradation under EPCG in fisheries sector (except fishing trawlers, ships, boats and other similar items) exempted from maintaining average export obligation.

b. Duty free import of specified specialized inputs / chemicals and flavouring oils is allowed to the extent of 1% of FOB value of preceding financial year’s export.

c. To allow import of monofilament longline system for tuna fishing at a concessional rate of duty and Bait Fish for tuna fishing at Nil duty.

d. A self removal procedure for clearance of seafood waste is applicable subject to prescribed wastage norms.

e. Marine products are considered for VKGUY scheme.

Last modified: Tuesday, 31 January 2012, 6:15 AM