9911796707
TMI BlogAmendment in Foreign Trade PolicyX X X X Extracts X X X X X X X X Extracts X X X X ..... , Dated the 26th February, 2009 S.O (E) - In exercise of powers conferred by Section 5 of the Foreign Trade (Development and Regulation) Act, 1992 (No. 22 of 1992) read with Para 1.3 of the Foreign Trade Policy, 2004-2009 (as amended from time to time), the Central Government hereby makes the following amendment in Foreign Trade Policy: 1. In Paragraph 3.8.2, the word "realized" wherever appeari ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... BI. Exporters (except EOUs and units in SEZ) may obtain gold / silver / platinum from nominated agency(s). Procedure for import of precious metal by these agencies (other than those authorized by RBI and the Gems & Jewellery units operating under EOU and SEZ schemes) and the monitoring mechanism thereof shall be as per the provisions laid down in HBP v1 in this regard. A bank authorised by RBI i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... amended as follows:- "Credit shall be available against such export products and at such rates as may be specified by DGFT by way of public notice. Credit may be utilized for payment of customs duty on freely importable items and / or restricted items. DEPB scrips can also be utilized for payment of duty against imports under EPCG scheme." 9. The entry at Sl. No. 124, Chapter 30, regarding 'Pha ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... intensity, covered under Table 13 of Appendix 37D, shall be granted duty credit scrip equivalent to 5% of FOB value of exports., Admissible date of export for special product(s) / sector (s) shall also be notified in Table 13 of Appendix 37D of HBP v1." 11. At the end of paragraph 6.22, following shall be added: "An authorized person of Gems & Jewellery EOU may also import Gold in primary form, ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
