Amendment in FTP, 2004-2009(Updated as on 19.4.2007)

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..... paragraph 1.3 of the Foreign Trade Policy (FTP), 2004-2009, as amended, the Central Government hereby makes the following amendments in FTP, 2004-2009 (Updated as on 19.4.2007): 1. Paragraph 2.50 related to "Force Majeure clause" stands deleted. 2. First sentence of paragraph 3.8.6 shall be substituted by the following clause: All Status Holders shall be incentivised with duty credit scrip equ .....

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..... current year (i.e., 2007-08) over previous year (i.e., 2006-07) and similarly (all taken together) for each subsequent licensing year. Exporter may opt for either (a) or (b) above. However, applicants with 'nil' exports in base year shall not be eligible. 5. A new paragraph 3.11.2.1 shall be added at the end of paragraph 3.11.2 as follows: 3.11.2.1 Exports made by EOUs / EHTPs / BTPs who do n .....

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..... n case of re-export, the exporter shall be entitled for duty drawback as per rules. 8. Paragraph 5.1A is amended to read as under: Spares (including refurbished / reconditioned spares), tools, spare refractories and catalyst for existing plant and machinery (imported earlier, under EPCG or otherwise) shall be allowed to be imported subject to an export obligation equivalent to 8 times of duty sa .....

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