TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY PART II
SECTION 3, SUB SECTION (II)
GOVERNMENT OF INDIA
MINISTRY OF COMMERCE AND INDUSTRY
DEPARTMENT OF COMMERCE
Notification No. 16 (Re 2013)/2009-2014 New Delhi, Dated The 6th June, 2013
Subject: Amendment in Para 2.35 (b) of Foreign Trade Policy, 2009-2014.
S.O. (E): In exercise of powers conferred under Section 5 of the Foreign
Trade (Development and Regulation) Act, 1992 read with paragraph 2.1 of the
Foreign Trade Policy, 2009-2014, as amended from time to time, the Central
Government hereby makes the following amendment in paragraph 2.35 (b) of Foreign
Trade Policy, 2009-2014:
2. The existing sentence in Para 2.35(b) of Foreign Trade Policy, 2009-2014 will
be followed by:
“…………except to countries as notified by DGFT from time to time. Export of such
goods will be permitted against payment in Indian rupees to the notified
countries subject to at least 15% value addition.”
3. After the amendment, Para 2.35(b) of Foreign Trade Policy, 2009-2014 shall
read as under:
“Exports of such goods imported against payment in freely convertible currency
would be permitted against payment in freely convertible currency except to
countries as notified by DGFT from time to time. Export of such goods will be
permitted against payment in Indian rupees to the notified countries subject to
at least 15% value addition.”
4. Effect of this Public Notice:
An enabling provision has been made to allow export of goods imported against
payment in freely convertible currency where export proceeds will be realized in
rupees. This dispensation will be applicable to such countries as would be
notified by DGFT from time to time. They also have to achieve 15% value
addition.
Sd/-
(Anup K. Pujari)
Director General of Foreign Trade
[Issued from F. No. 01/93/180/25/AM-12/PC-2(B)]
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