Amendments in Chapter 4 of the Foreign Trade Policy 2009-2014. - 02 (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 AND INDUSTRY DEPARTMENT OF COMMERCE NOTIFICATION NO. 02 (RE-2013)/ 2009-2014 NEW DELHI, DATED THE 18 th April, 2013 In exercise of powers conferred by Section 5 of the Foreign Trade (Development Regulation) Act, 1992 (No.22 of 1992) read with paragraph 1.2 of the Foreign Trade Policy, 2009-2014, the Central Government hereby notifies the following amendments in the Foreign Trade Policy 2009-2014 to be incorporated in the Annual Supplement. This shall come into force w.e.f. 18th April, 2013. (1) In Chapter 4 a new sub-para (d) after para 4.2.6(c) of FTP is being inserted to disallow exemption from Antidumping duty and Safeguard duty once a DFIA is made transferable. The sub para (d) to be inserted would read as under:- Exemption from Antidumping Duty and Safeguard Duty would be available on actual user basis only, i.e. before endorsement of transferability . (2) The word energy in second sentence of para 4.1.3.1 of the FTP stands deleted. (3) In para 4A.16A of FTP inserted vide Notification No.30 dated 31.01.2013 in respect of Private/Public Bonded Warehouse the minimum value addition of 5% shall be only for DTA units and not SEZ units. Accordingly, the para may be modified as under: Private/Public Bonded Warehouses may be set up in SEZ/DTA for import and re-export of cut and Polished diamonds, cut and polished coloured gemstones, uncut unset precious semi-precious stones, subject to achievement of minimum VA of 5% by DTA units . Effects of this Notification: Anti-dumping duty and safeguard duty would be leviable on goods imported against transferred DFIAs. Advance Authorisations will no more be available for import/supply of energy . Value Addition in respect of SEZ (in respect of para 4A.16A of FTP ) would be as per SEZ Act . (Anup K. Pujari) Director General of Foreign Trade E-mail:[email protected] (Issued from F. No. 01/ 94 / 180 /395 - Foreign Trade Policy / AM13 / PC-4)