The principal notification was published in the Gazette of India, Extraordinary, vide number G.S.R. 118(E), dated the 1st March, 2002 and was last amended by notification no. 84/2008-Customs, dated the 8th July, 2008 which was published in the Gazette of India, Extraordinary vide number G.S.R.508(E), dated the 8th July, 2008.
In the case of airport service provider, it may be noted that as per Para 9.53 (iv) of Foreign Trade Policy payment made by foreign airlines from their repatriable or remittable earnings in Indian Rupees, which are otherwise considered as having been paid for in free foreign exchange by RBI is to be counted as free foreign exchange.
he vesting period shall be determined separately for each separate vesting portion of the option, as if the option was, in substance, multiple option and the amount of employee compensation cost shall be accounted for and amortised accordingly on a straight-line basis over the vesting period.
