Utilisation of Duty Credit - import of inputs or goods including Capital Goods - freely importable under ITC(HS) - 35 (RE-2006)/ 2004-2009 - Foreign Trade Policy

Utilisation of Duty Credit - import of inputs or goods including Capital Goods - freely importable under ITC(HS) NOTIFICATION NO. 35/2006, DT. 05/10/2006 S.O. (E) In exercise of powers conferred by Section 5 of the Foreign Trade (Development Regulation) Act,1992 read with paragraph 2.1 of the Foreign Trade Policy, 2004-2009, the Central Government hereby amends/ corrects the first sentence of para 3.8.3 of Foreign Trade Policy (2004-2009) as under : "The Duty Credit may be used for import of inputs or goods including Capital Goods, which are otherwise freely importable under ITC(HS) classifications of Export and Import Items." This issues in Public interest. Sd/- ( K.T. CHACKO ) Director General of Foreign Trade and Ex Officio Additional Secretary to the Government of India (Issued from F.No. 01/94/162/337/AM07/PC-I)