Dgft notification no. 107 dtd 21.03.2012

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

Udyog Bhawan

Notification No. 107  (RE-2010) /2009-2014

New Delhi, the 21^st March, 2012

                            Subject:         Addition of new paragraph 8.7 in  FTP making supplies to non   

                                                  mega power     project ineligible for Deemed Export benefits.

S.O (E) :         In exercise of the powers conferred by Section 5 of the Foreign Trade (Development & Regulation) Act, 1992, as amended,  read with paragraph 1.3 of the Foreign Trade Policy, 2009-2014, the Central Government hereby makes the following amendment in Foreign Trade Policy, 2009-2014 (RE 2010).

2.         Following new paragraph will be added in FTP at the end of chapter 8 to appear just after para 8.6.2

4.         Effect of this amendment :

As per Notification No.92 (RE-2010)/2009-2014 dated 28.12.2011, supplies to non mega power projects were entitled to benefits for Deemed Exports only under Para 8.3(a) of FTP, viz., Advance Authorisation / Advance Authorisation for annual requirement / DFIA. It has now been decided that supply to non mega power projects shall not be entitled to any deemed export benefit. When the annual supplement to FTP is brought out, the consequential changes of this decision will be reflected in various provisions of chapter 8 of FTP & also HBP vol. 1.

(Anup K. Pujari)

Director General of Foreign Trade

E-mail: dgft @ nic.in

(Issued from F.No. 01/92/180/168/AM05/PC VI)