Amendments with immediate effect in Foreign Trade Policy 2004-2009 (Updated as on 11.04.2008) - 51 (RE - 2008)/2004-2009 - Foreign Trade Policy

Amendments with immediate effect in Foreign Trade Policy 2004-2009 (Updated as on 11.04.2008) NOTIFICATION NO 51 (RE - 2008)/2004-2009 Dated: October 29, 2008 In exercise of powers conferred by Section 5 of the Foreign Trade (Development Regulation) Act, 1992 read with Paragraph 1.3 of the Foreign Trade Policy (FTP), 2004-2009, as amended, the Central Government hereby makes the following amendments with immediate effect in FTP, 2004-2009 (Updated as on 11.04.2008) :- 2. The following shall be added at the end of Paragraph 5.2 of FTP :- Export Promotion Capital Goods (EPCG) Scheme also covers a service provider who is designated / certified as a Common Service Provider (CSP) by the DGFT, Department of Commerce or State Industrial Infrastructural Corporation in a Town of Export Excellence subject to provisions of Foreign Trade Policy/Handbook of Procedures with the following conditions:- (i) EPCG licence to be given to the CSP should have a clear endorsement giving the details of the users and the quantum of Export Obligation (EO) which each user would fulfil; (ii) Such exports will not count towards fulfillment of other specific export obligations ; and (iii) Each one of the users of the CSP apart from the CSP should furnish 100% bank Guarantee (BG) equivalent to their portion of duty foregone apportioned in terms of quantum of EO to be discharged by them and the B.G. will be enforced in the event of the obligation not being fulfilled. This issues in public interest. File No. 01/94/180/739/AM08/PC-I ( R. S. Gujral ) Director General of Foreign Trade Ex Officio Addl. Secretary to the Govt. of India