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TMI BlogAmendment in Foreign Trade PolicyX X X X Extracts X X X X X X X X Extracts X X X X ..... No. 88 (RE-2008)/2004-2009 New Delhi , Dated the 26th February, 2009 S.O (E) - In exercise of powers conferred by Section 5 of the Foreign Trade (Development and Regulation) Act, 1992 (No. 22 of 1992) read with Para 1.3 of the Foreign Trade Policy, 2004-2009 (as amended from time to time), the Central Government hereby makes the following amendment in Foreign Trade Policy: 1. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r Paragraph 3.5.2 of FTP and any other agency authorised by RBI. Exporters (except EOUs and units in SEZ) may obtain gold / silver / platinum from nominated agency(s). Procedure for import of precious metal by these agencies (other than those authorized by RBI and the Gems Jewellery units operating under EOU and SEZ schemes) and the monitoring mechanism thereof shall be as per the provisions lai ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hall be inserted. 8. The 2nd sub-paragraph of paragraph 4.3.1 stands amended as follows:- "Credit shall be available against such export products and at such rates as may be specified by DGFT by way of public notice. Credit may be utilized for payment of customs duty on freely importable items and / or restricted items . DEPB scrips can also be utilized for payment of duty against imports un ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... th Services under Ministry of Health. 10. Following sub para is added at the end of Para 3.10.2: "However, special product(s)/sector(s), having high labour intensity, covered under Table 13 of Appendix 37D , shall be granted duty credit scrip equivalent to 5% of FOB value of exports., Admissible date of export for special product(s) / sector (s) shall also be notified in Table 13 of Appe ..... X X X X Extracts X X X X X X X X Extracts X X X X
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