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Date: 05-03-2012
Notification No: DGFT Notification No 105(RE-2010)/2009-2014
Issuing Authority: DGFT  
Type: Notification
File No: Issued from (01/93/180/25/AM-12/PC-2(B)
Subject: Grant of export benefits / incentives to export proceeds realized even in Indian rupees â Exports to Iran regarding.

Government of India
Ministry of Commerce & Industry
Department of Commerce
Udyog Bhawan

Notification No.105 (RE-2010)/2009-2014

New Delhi, the 5th March, 2012

Subject: Grant of export benefits / incentives to export proceeds realized even in Indian rupees – Exports to Iran regarding.

S.O.(E) In exercise of the powers conferred by Section 5 of the Foreign Trade (Development and Regulation) Act, 1992 read with Para 2.1 of the Foreign Trade Policy, 2009-2014, the Central Government hereby makes the following amendment in the Para 2.40 of Foreign Trade Policy, 2009-2014:

2. The following Sub-Para is added to Para 2.40 of Foreign Trade Policy, 2009-2014:

Para 2.40 A: Export proceeds against specific exports to Iran realized in Indian rupees are permitted to avail exports benefits/ incentives under the Foreign Trade Policy, 2009-14, at par with export proceeds realized in freely convertible currency.

3. Effect of this notification:

In respect of exports to Iran, export proceeds realized even in Indian rupees will be eligible to avail export benefits and incentives.

(Anup K. Pujari)
Director General of Foreign Trade
E-mail: [email protected]
[Issued from (01/93/180/25/AM-12/PC-2(B)]

       

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