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In exercise of the powers conferred under Paragraph 2.4 of the Foreign Trade Policy, 2004-09 and Paragraph 1.1 of the Handbook of Procedures (Vol.1), the Director General of Foreign Trade hereby makes the following amendments/ additions/deletions/corrections in the Handbook of Procedures, Vol.2, and 2004-2009, as amended from time to time.
Original input invoices with corresponding ER-1/ER-3 duly certified by Central excise authorities showing payments of excise duty in support of the details shown in DBK-III and DBK-IIIA in the format given in Appendix 35.
Consequent upon the ban/restriction imposed as above, it is hereby clarified that exports under transitional arrangements as provided under Para 1.5 of the Foreign Trade Policy, 2004-09 shall not be permitted. This is in force with the issue of Notification No.77 dated 7.2.2008. That is since 7.2.2008, no exports are allowed under transitional arrangements.
After the existing notes in the ‘General Notes for all Export Product Groups’ as contained in the Handbook of Procedures (Vol.2), 2004-2009, as amended from time to time, following note is added.
Representations have been received from Trade and Industry that there is confusion with respect to ‘permitted imports’ under the said scheme. In view of this, it has been decided to list the permitted imports. Accordingly under Target Plus Scheme (under FTP RE2004 / FTP RE2005).
In terms of Handbook of Procedure Vol I 2004-2009 (RE 11.04.2008), the application for claiming interest has to be filed in the prescribed Aayat Niryat form within a period of 90 days after receipt of cheque for the main claim. The said AN form was released under Public Notice No. 10 (RE-2008)/2004-2009, dated 29th April, 2008.
In exercise of powers conferred by Section 5 of the Foreign Trade (Development and Regulation) Act, 1992 read with paragraph 2.1 of the Foreign Trade Policy – 2004-09, the Central Government hereby amends Schedule – I (Imports) of the ITC(HS) Classifications of Export and Import Items, 2004-09.
In exercise of powers conferred by Section 5 of the Foreign Trade (Development and Regulation) Act, 1992 read with paragraph 2.1 of the Foreign Trade Policy – 2004-09, the Central Government hereby amends Schedule – I (Imports) of the ITC (HS) Classifications of Export and Import Items, 2004-09.
The annual ceiling for import of Sandal Wood, in terms of Para 2 of the aforesaid Policy Circular may be read as 4795 Metric Tonnes.
Whenever a ban/restriction is imposed on export of any product, export obligation period in respect of EPCG authorizations already issued prior to imposition of ban of such export products, would stand automatically extended for a period equivalent to the duration of ban, without any composition fee and exporter would not be required to fulfill average E.O. as well for the ban period.
