Amends Para 6.21.5 - Sub-Contracting - DGFT - 40/(RE-2008)/2004-2009

Amends Para 6.21.5 - Sub-Contracting PUBLIC NOTICE NO. 40/(RE-2008)/2004-2009 Dated 04/07/2008 In exercise of power conferred under paragraph 2.4 of the Foreign Trade Policy 2004-09, the Director General of Foreign Trade hereby makes the following amendments in the Handbook of Procedures (Vol.I) : Para 6.21.5 of HBP shall be amended to read as: "In case of sub-contracting of production process abroad, goods may be exported from sub-contractor premises subject to conditions that at the time of clearance of goods, the EOU/EHTP/BTP/STP shall declare (i) the transaction value of the finished goods to be cleared from the sub-contractor's premises abroad; (ii) job work charges to be paid to the sub-contractor abroad; and (iii) value of intermediate goods, supported with documents like (a) sale price contract/or invoice for the finished goods, (b) job work contract and (c) the basis of arriving at the value of intermediate goods. The EOU/EHTP/BTP/STP shall also ensure full repatriation of foreign exchange declared as the transaction value of the finished goods cleared from the sub-contractor's premises abroad." This issues in Public interest Sd/- (R.S.GUJRAL) DIRECTOR GENERAL OF FOREIGN TRADE EX-OFFICIO ADDITIONAL SECRETARY TO THE GOVT OF INDIA (Issued from file No F.No. 01/92/180/143/AM08/PC-VI )