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
DIRECTORATE GENERAL OF FOREIGN TRADE
NEW DELHI DATED 20 July 2007
NOTIFICATION No. 15 (RE-2007)/2004-2009
S.O.(E) In exercise of powers conferred by Section 5 of the Foreign Trade (Development & Regulation) Act, 1992 read with paragraph 1.3 of the Foreign Trade Policy (FTP), 2004-2009, as amended, the Central Government hereby makes the following amendments in FTP, 2004-2009 (Updated as on 19.4.2007).
2. Para 6.2(h) of FTP, 2004-2009 shall be substituted by the following:
“ Procurement and export of spares/components upto 5% of FOB value of exports may be allowed to same consignee/buyer of the export article, subject to the condition that it shall not count for NFE and direct tax benefits.”
This issues in Public interest.
Sd/-
(R.S.Gujral)
Director General of Foreign Trade and
Ex Officio Additional Secretary to the Government of India
(Issued from File. No. 01/92/180/ 89 /AM08/PC-II)
