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Amendments under the Foreign Trade Policy in sync with RBI A.P.(DIR Series) Circular No.10 dated 11th July 2022 - 43/2015-2020 - Foreign Trade Policy

Extract

..... ed from time to time, the Central Government hereby makes the following amendments in the Foreign Trade Policy 2015-20, with immediate effect, in sync with the RBI's A.P. (DIR Series) Circular No.10 dated 11th July, 2022: Sl. Existing Para Revised Para 1. 2.46 Import for export I. (b) Goods, including capital goods (both new and second hand), may be imported for export provided: iii. Export is against freely convertible currency. II. (a) Goods imported against payment in freely convertible c .....

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Amendments under the Foreign Trade Policy in sync with RBI A.P.(DIR Series) Circular No.10 dated 11th July 2022 - 43/2015-2020 - Foreign Trade Policy

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..... par with export proceeds realized in freely convertible currency. 2.53 Applicability of FTP Schemes for Export Realisations in Indian Rupees (i) Export proceeds realized in Indian Rupees against exports to Iran are permitted to avail exports benefits/fulfilment of Export Obligations under the Foreign Trade Policy (2015-20), at par with export proceeds realized in freely convertible currency, subject to compliance of para 2.18 of the FTP. (ii) Export proceeds realized in Indian Rupees as per para .....

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Amendments under the Foreign Trade Policy in sync with RBI A.P.(DIR Series) Circular No.10 dated 11th July 2022 - 43/2015-2020 - Foreign Trade Policy

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..... tion will depend on export performance. An applicant shall be categorized as status holder on achieving export performance during the current and previous three financial years (for Gems & Jewellery Sector the performance during the current and previous two financial years shall be considered for recognition as status holder) as indicated in paragraph 3.21 of Foreign Trade Policy. The export performance will be counted on the basis of FOB of export earning in freely convertible foreign curre .....

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Amendments under the Foreign Trade Policy in sync with RBI A.P.(DIR Series) Circular No.10 dated 11th July 2022 - 43/2015-2020 - Foreign Trade Policy

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