Chapter 1 - INTRODUCTION - Foreign Trade Procedure (RE - 2009) / 2009-14 (Upto 22-8-2010)

CHAPTER 1 INTRODUCTION Notification 1.1 In pursuance of the provisions of paragraph 2.4 of FTP, the Director General of Foreign Trade (DGFT) hereby notifies the compilations known as HBPv1, HBPv2 and Schedule of DEPB rates. These compilations, as amended from time to time, shall remain in force until 31 st March, 2014, except DEPB scheme, which shall continue to be operative till 31 st December, 2010 or till a replacement scheme is announced, whichever is earlier. Objective 1.2 Objective is to implement provisions of FT (D R) Act, Rules and Orders made thereunder and FTP (2009-14) 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 (2009-14) shall apply.