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Foreign Trade Procedure 2007 Chapter - 1, Introduction Notification, Objective and Definition.


CHAPTER-1

INTRODUCTION

Notification 1.1 In pursuance of the provisions of paragraph 2.4 FTP, the Director General of Foreign Trade (DGFT) hereby notifies the compilation known as HBP v1, HBP v2 and Schedule of DEPB rates. These compilations, as amended from time to time, shall remain in force until 31st March, 2009 except DEPB scheme which shall continue till 31st March, 2008.  [Old- These compilations, as amended from time to time, shall remain in force until 31st March, 2009.] (This Para is Amended by DGFT PUBLIC NOTICE NO.:30 (RE-2007)/2004-2009 Dated : 26.07.2007)
Objective 1.2 Objective is to implement provisions of FT (D&R) Act, Rules and Orders made thereunder and FTP (2004-09) by laying down simple, transparent and EDI compatible procedures which are easy to comply with and administer for efficacious management of foreign trade.
Definition 1.3 For purpose of this Handbook, definitions and glossary contained in FT (D&R) Act, Rules and Orders made thereunder and the FTP (2004-09) shall apply.

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What is New?

Date: 24-01-2020
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