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GOVERNMENT OF INDIA
MINISTRY OF COMMERCE AND INDUSTRY
DEPARTMENT OF COMMERCE
New Delhi, Dated 18th September, 2008
NOTIFICATION No. 42 (RE-2008)/2004-2009
S.O (E) 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:
1. The 1st sub-paragraph of paragraph 4.3.1 stands amended as follows:
An exporter may apply for credit, at specified percentage of FOB
value of exports, made in freely convertible currency. In case of supply
by a DTA Unit to a SEZ Unit /SEZ Developer / Co-Developer, an exporter
may apply for credit for exports made in freely convertible currency or
payment made from foreign currency account of SEZ Unit / SEZ Developer
/Co-Developer. In addition, the exporter shall also be entitled for DEPB
benefit in case payment is made in Indian Rupees by SEZ Developer /
Co-Developer for supplies received w.e.f 10.2.2006.
This issues in Public Interest.
Sd/-
(R.S. GUJRAL)
DIRECTOR GENERAL OF FOREIGN TRADE
AND EX-OFFICIO ADDITIONAL SECRETARY TO THE GOVT. OF INDIA
(Issued from File No. 01/94/180/SEZ-DEPB/AM09/PC 4)
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