In exercise of powers conferred under Paragraph 2.4 of the Foreign Trade Policy 2004-2009, the Director General of Foreign Trade hereby makes the following amendments in Handbook of Procedures Vol. I :

Sub-para 6.22 (c) shall be amended as under:-

"(c)The unit has been in existence for at least two years and engaged in export of agriculture / horticulture/ aquaculture products; otherwise it shall furnish bank guarantee equivalent to the duty foregone on the capital goods/inputs proposed to be taken out to the Deputy/Assistant Commissioner of Customs/Central Excise till the unit completes two years."

This issues in Public interest.
 

( K.T. CHACKO )
Director General of Foreign Trade and
Ex Officio Additional Secretary to the Government of India

(Issued from F.No. 01/92/180/017/AM07/PC-II)