Notification regarding amendments in Foreign Trade Policy For the purpose of calculation of export performance or for computation of entitlement under paragraph 3.14.4 or paragraph 3.14.5 of the Foreign Trade Policy


Dated 27th June 2013

GOVERNMENT OF INDIA, MINISTRY OF FINANCE vide its Notification No. 32 / 2013-Customs, dated 13th June, 2013 notified as under:

the Central Government, hereby makes the following amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 93/2009-Customs, dated the 11th September, 2009 published in the Gazette of India, Extraordinary , Part II, Section 3, subsection (i), vide number G.S.R. 659 (E), dated the 11th September, 2009, namely :-

In the said notification,-

(a)   in the opening paragraph, in condition (i), for the words and figure “Volume I of the Foreign Trade Policy”, the words and figures “ Volume I in terms of entitlement under paragraph 3.14.2 or against exports to the countries or regions specified in paragraphs 3.14.4(e) or 3.14.5(e) of the Foreign Trade Policy, as the case may be” shall be substituted;

(b)   in paragraph 2, for the words “under the scheme”, the words and figures “under paragraph 3.14.2 of the Foreign Trade Policy” shall be substituted;

(c)    after paragraph 2 and before the Explanation, the following paragraph shall be inserted, namely:-

“3. For the purpose of calculation of export performance or for computation of entitlement under paragraph 3.14.4 or paragraph 3.14.5 of the Foreign Trade Policy, the incremental growth shall be in respect of each exporter [Importer Exporter Code (IEC) holder] without any scope of combining the export for group company or for transferring export performance from any other IEC holder and the incremental growth shall be in terms of freely convertible currency to the designated markets. The following categories of exports shall not be counted for calculation of export performance or for computation of entitlements:

(i)     Export of imported goods or exports made through trans-shipment;

(ii)    Export from SEZ/ EOU /EHTP /STPI /BTP/FTWZ;

(iii)    Deemed Exports;

(iv)    Service Exports;

(v)     Third Party exports;

(vi)    Diamond, Gold, Silver, Platinum, other precious metal in any form including plain and studded jewelry and other precious and semi-precious stones;

(vii)   Ores and concentrates of all types and in all formations.

(viii)  Cereals of all types;

(ix)    Sugar of all types and all forms;

(x)     Crude / petroleum oil and crude / primary and base products of all types and all formulations;

(xi)    Export of milk and milk products;

(xii)   Export performance made by one exporter on behalf of other exporter;

(xiii)   Supplies made to SEZ units;

(xiv)   Items, export of which requires an export authorization (except SCOMET);

(xv)    Export of Meat and Meat Products;

(xvi)   Exports to Singapore, UAE and Hong Kong,

(xvii)  SEZ/EOU/EHTP/BTP/FTWZ products exported through DTA units.’’.

Note: The principal notification number 93/2009-Customs, dated the 11th September, 2009 was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 659 (E), dated the 11th September, 2009 and was last amended by notification No. 29/2013-Customs, dated the 16th May, 2013 vide number G.S.R.316 (E), dated the 16th May, 2013.

SOURCE: GOVT. OF INDIA, Ministry of Finance

 

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