Amendment in chapter 8 of FTP regarding mega power projects - 24/(RE 2010/2009-2014) - Foreign Trade Policy

TO BE PUBL ISH ED IN THE GAZETTE OF INDIA (EXTRA ORDINARY) PART II, SECTION 3, SUB-SECTION (ii) GOVERNMENT OF INDIA MINISTRYOF COMMERCE INDUSTRY DEPARTMENT OF COMMERCE NOTIFICATION NO. 24 (RE 2010/2009-2014) New Delhi , Dated 14/1/2010 Subject: Amendment in chapter 8 of FTP regarding mega power projects S.O (E) - In exercise of powers conferred by Section 5 of the Foreign Trade (Development Regulation) Act, 1992 read with paragraph 1.3 of the Foreign Trade Policy (FTP), 2009-2014 , the Central Government hereby makes the following amendments in FTP, 2009 -2014 . (i) Following sentence shall be added at the end of paragraph 8.2 ;- "However, in regard to mega power projects, the requirement of ICB would not be mandatory, if the requisite quantum of power has been tied up through tariff based competitive bidding or if the project has been awarded through tariff based competitive bidding." (ii) Following sentence shall be added at the end of para 8.4.4(iv) :- "Further, supply of goods required for the expansion of existing mega power project as specified in Sl. no 400A of DoR Notification 21/2002- Customs dated 1.3.2002 , as amended shall also be eligible for deemed export benefits as mentioned in paragraph 8.3 ( a), (b) and (c) of FTP, whichever is applicable." This issues in public interest. Sd/- (R.S.Gujral) Director General of Foreign Trade and Ex-Officio Special Secretary to the Government of India Issued from F. 01/92/180/162/AM08/PC VI