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VALUE ADDITION NORMS FOR EXPORTS FOR WHICH PAYMENTS ARE NOT IN FREELY CONVERTIBLE CURRENCY

APPENDIX 11 - Appendix - DGFT - APPENDIX 11 - APPENDIX 11 1. The trade with all erstwhile Rupee Payment Area (RPA) countries has since been switched over to payment in freely convertible currency except (i) for exports from India against liquidation of Rupee balances to the credit of erstwhile RPA countries; and for exports to the Russian Federation against funds available in the special Rupee Accounts in the names of Russian entities. (ii) For exports to the Russian Federation against India' .....

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tion indicated in the Handbook Vol. 1 or Vol. 2, whichever is higher. (c) For exports to the Russian Federation against India's repayments of State credits granted by the former USSR, the value addition norms shall be 33% or the percentage of value addition indicated in the Handbook Vol. 1 or Vol. 2, whichever is higher. (d) For exports to the Russian Federation against funds available against Special Rupee Accounts in the name of Russian Entities, the value addition norms in cases involving .....

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