DGFT notification on Implementation of Target Plus Scheme as per SC decision

Implementation of Target Plus Scheme as per the decision of the Hon`ble Supreme Court dt. 27.10.2015 in CA No. 554 of 2006 .

Government of India

Ministry of Commerce & Industry

Department of Commerce

Directorate General of Foreign Trade

Notification No. 06/2015-2020

New Delhi, 08^th May, 2017

S.O. 1448(E) – In exercise of the powers conferred by Section 5 of the Foreign Trade (Development and Regulation) Act, 1992, as amended, read with Para 1.02 of the Foreign Trade Policy, 2015-2020 and in consequent to the decision of the Hon’ble Supreme Court dated 27.10.2015 in CA No.554 of 2006 the Central Government hereby makes the following amendments in the Target Plus Scheme for the exports effected during 01.04.2005 to 31.03.2006, of the Foreign Trade Policy (FTP) 2004-09 as amended from time to time:

1.  The Clause 7 of Notification No.48 (RE 2005)/2004-2009 dated 20.02.2006 is amended to read as below:

“This will take effect for exports from 20.02.2006”

2.  The Notification No.08 (RE 2006)/2004-2009 dated 12th June 2006 and Notification No. 20 (RE 2006)/2004-2009 dated 13^th July 2006 are hereby rescinded ab-initio.

Effect of this Notification: The Target Plus Scheme is implemented as per the decision of the Hon’ble Supreme Court dated 27.10.2015 in CA No.554 of2006.

(A K Bhalla )

Director General of Foreign Trade

E-mail: dgft@nic.in

{Issued from File No.01/94/180/893/AM08/PC-3(Pt)}