Amendments in Para 3.12.7 of Foreign Trade Policy 2009-14 regarding SFIS. - 30 (RE-2013)/2009-2014 - Foreign Trade Policy

To be published in the Gazette of India Extraordinary Part II Section 3, Sub Section (II) Government of India Ministry of Commerce Industry Department of Commerce Udyog Bhawan, New Delhi Notification No: 30 (RE-2013)/2009-2014 New Delhi, the 1 st August, 2013 Subject: Amendments in Para 3.12.7 of Foreign Trade Policy 2009-14 regarding SFIS. S.O.2333(E) - In exercise of the powers conferred by Section 5 of the Foreign Trade (Development and Regulation) Act, 1992 read with Para 2.1 of the Foreign Trade Policy, 2009-2014 , the Central Government hereby makes the following amendments in the Foreign Trade Policy (FTP) 2009-14 with immediate effect: 2. Paragraph 3.12.7 of FTP is amended to read as under: Existing Paragraph: Entitlement/goods (imported / procured) shall be non transferable (except within group company and managed hotels) and be subjected to Actual User condition. Amended Paragraph: Entitlement/goods (imported / procured) shall be non transferable (except within group company and managed hotels) and be subjected to Actual User condition. However, these goods can be alienated on completion of 3 years from the date of import / procurement. Effect of this Notification: Goods imported / procured against SFIS scrips can be alienated on completion of 3 years from the date of import / procurement. (Anup K. Pujari) Director General of Foreign Trade E-mail: [email protected] [Issued from File No. 01/91/180/1243/AM11/PC3]