| Date: |
14-11-2007
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| Notification No: |
DGFT NOTIFICATION No 49/2007
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| Issuing Authority: |
DGFT
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| Type: |
Notification
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| File No: |
File. No. 01/94/180/ DFIA /AM08/PC-I) |
| Subject: |
Amendments in FTP, 2004-2009(updated as on 19.4.2007)
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GOVERNMENT OF INDIA
MINISTRY OF COMMERCE AND INDUSTRY
DEPARTMENT OF COMMERCE
Notification No. 49 (RE-2007)/2004-2009,
Dated 14th November, 2007
S.O.(E) In exercise of powers conferred by Section 5 of the Foreign Trade
(Development & Regulation) Act, 1992 read with paragraph 1.3 of the Foreign
Trade Policy (FTP), 2004-2009, as amended, the Central Government hereby makes
the following amendments in FTP, 2004-2009 (Updated as on 19.4.2007):
- 2nd sub-paragraph of paragraph 4.4.6 stands replaced by the following:
Once transferability is endorsed, imports / domestic procurement against
authorisation or transfer of imported inputs / domestically procured inputs
shall be subject to payment of applicable additional customs duty / excise duty.
While endorsing transferability, authorisation would bear a note as to liability
of such additional customs duty / excise duty. However, in case where CENVAT
facility has not been availed, exemption from additional customs duty / excise
duty would be available even after endorsement of transferability on DFIA.
This issues in Public interest.
Sd/-
(R.S. Gujral)
Director General of Foreign Trade and
Ex Officio Additional Secretary to the Government of India
(Issued from File. No. 01/94/180/ DFIA /AM08/PC-I)
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