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In exercise of powers conferred under Paragraph 2.4 of the Foreign Trade Policy 2004-09, the Director General of Foreign Trade hereby makes the following amendments in Handbook of Procedures, Vol. I RE2008.
For the advance authorization (erstwhile licences), where raw sugar has been imported between 21.09.04 and 15.4.08, but the export obligation is yet to fulfilled, the export obligation period stands automatically extended upto 31.12.2009 without payment of composition fee. Against these advance Authorisations / licences, no further E.O. extension shall be allowed beyond 31.12.2009 .
In exercise of powers conferred by Section 5 of the Foreign Trade (Development and Regulation) Act, 1992 (No. 22 of 1992) read with Para 1.3 of the Foreign Trade Policy, 2004-2009 (as amended from time to time), the Central Government hereby makes the following amendment in Foreign Trade Policy.
Advance authorization for import of raw sugar, can be issued either to a manufacturer exporter or merchant exporter tied to supporting manufacturer(s). Exports can also be made by procurement of white sugar from any other factory(ies).This provision shall be applicable for exports from 17.2.2009.
It is clarified that “pending EO under EPCG Authorization (over and above average, if any)” means the duty saved export obligation which is pending over and above the minimum duty saved export obligation specified to be fulfilled in the prescribed block of years.
The VKGUY benefits on exports of all items included in Table 15 shall be admissible only for ‘Handicraft Products’. The Export Promotion Council for Handicraft (EPCH) shall certify that the exported product is a Handicraft product, if any doubt arises on this issue.
Payments for the services rendered through construction equipments are received in Free Foreign Exchange or in Indian Rupees which are otherwise considered as having being paid for in free foreign exchange by RBI, as per Sub Para (iv) of Para 9.53 of Foreign Trade Policy.
In exercise of the powers conferred by Section 5 read with Section 3(2) of the Foreign Trade (Development & Regulation) Act, 1992 (No.22 of 1992) and read with Para 1.3 and Para 2.1 of the Foreign Trade Policy, 2004-2009, the Central Government hereby makes the following addition with immediate effect at the end of Paragraph 2 of Notification No. 33(RE-2007)/2004-2009, dated 08.10.2007.
Attention is invited to para 3.20.3(iv) of Hand Book of Procedures Vol.I (RE 2008). In this regard, references have been received from the Trade and Industry on the issue as to whether a Tracking Report, down loaded from the website of a goods carrier and duly certified by its accredited agent is an acceptable document under para 3.20.3(iv) of HBP Vol. I or not.
Representations have been received seeking a clarification on clearance of import consignments of items where restrictions have been removed vide Notification No.81 dated 16.1.2009. The consignments in question were said to be imported during the period i.e. 21st November, 2008 and 16th January, 2009, when these items were restricted for imports.
