The Government of India, through the Ministry of Commerce and Industry, issued Notification No. 27 (RE-2004)/2004-09 on February 23, 2005. Exercising powers under Section 5 of the Foreign Trade (Development and Regulation) Act, 1992, and in accordance with Paragraphs 1.3 and 3.7.8 of the Foreign Trade Policy (2004-09), the notification amends the Target Plus scheme under Paragraph 3.7.5 (f). The revised provision now includes “gold, silver, platinum, and other precious metals in any form, including plain and studded jewelry.” Issued by K.T. Chacko, Director General of Foreign Trade, the amendment ensures greater clarity in the Foreign Trade Policy and aims to align trade practices with policy goals, addressing public interest.
GOVERNMENT OF INDIA
MINISTRY OF COMMERCE & INDUSTRY
DEPARTMENT OF COMMERCE
NOTIFICATION NO. 27 (RE-2004)/2004-09
NEW DELHI: the 23rd February ,2005
S.O(E) In exercise of powers conferred under section 5 of the Foreign Trade (Development and Regulation) Act, 1992 read with Paragraph 1.3 and 3.7.8 of the Foreign Trade Policy, 2004-09, the Central Government hereby makes the following amendments in the Foreign Trade Policy :
Para 3.7.5 (f) pertaining to the Target Plus scheme is amended to read as under :
“Gold, silver, platinum and other precious metals in any form, including plain and studded jewellery.”
This issues in Public Interest.
( K.T. CHACKO )
Director General of Foreign Trade and
Ex officio Additional Secretary to the Government of India
(Issued from F.No. 01/94/180/Pol.FORM/AM05/PC.IV)
