Russian Exports in rupee payments are eligible for DFRC - 28 (RE-00)/1997-2002 - Foreign Trade Policy

Russian Exports in rupee payments are eligible for DFRC TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRA ORDINARY PART-II, SECTION-3, SUB-SECTION(ii). GOVERNMENT OF INDIA MINISTRY OF COMMERCE INDUSTRY DEPARTMENT OF COMMERCE NOTIFICATION NO. 28 (RE-00)/1997-2002 NEW DELHI : the 3 rd August, 2000 In exercise of powers conferred by Section 5 of the Foreign Trade (Development and Regulation) Act,1992 (No.22 of 1992) read with paragraph 1.3 of the Export and Import Policy, 1997-2002 (incorporating amendment made upto 31.3.2000), the Central Government hereby makes following amendments in the Export and Import Policy, 1997-2002 (incorporating amendment upto 31.3. 2000). 1. The following shall be added at Sl. No. (vi) of paragraph 7.4 ; " Duty Free Replenishment Certificate may be issued in respect of exports for which payments are received in non-convertible currency. Such exports shall, however, be subject to value addition as specified in Appendix-39 of Handbook (Vol.1). This issues in public interest. (N.L. Lakhanpal) Directorate General of Foreign Trade and Ex-Officio Additional secretary to the Government of India Copy to all concerned ( A.K. Srivastava ) Dy.Director General of Foreign Trade