| Date: |
03-08-2000
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| Notification No: |
DGFT Notification No 28/2000
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| Issuing Authority: |
DGFT
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| Type: |
Notification
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| File No: |
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| Subject: |
Russian exports in rupee payments are eligible for DFRC
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|
Russian exports in rupee payments are eligible for DFRC
Notification No. 28 dated 3rd
August 2000
In exercise of powers
conferred by Section 5 of the Foreign Trade (Development and Regulation) Act,
1992 (No.22 of 1992) read with paragraph 1.3 of the Export and Import Policy,
1997-2002 (incorporating amendment made upto 31.3.2000), the Central Government
hereby makes following amendments in the Export and Import Policy, 1997-2002
(incorporating amendment upto 31.3.2000).
1.
The following shall be added at Sl.No. (vi) of paragraph 7.4;
"Duty
Free Replenishment Certificate may be issued in respect of exports for which
payments are received in non-convertible currency. Such exports shall, however,
be subject to value addition as specified in Appendix- 39 of Handbook (Vol.1).
This issues in public interest.
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