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<h1>Foreign Trade Update: Deemed Export Benefits, IEC Penalty Reduced, and New Import Categories Added Under 2002-07 Policy.</h1> The public notice issued by the Director General of Foreign Trade outlines amendments to the Handbook of Procedures under the Export and Import Policy, 2002-07. Key changes include the addition of deemed export benefits for the supply of cupro nickel coin blanks to the Government of India's mint, provided they are manufactured in India. The penalty for delayed submission of Importer Exporter Code (IEC) modifications has been reduced from Rs 5000 to Rs 1000. Amendments also cover the format for Project Authority Certificates and the inclusion of specific items like prototypes, technical samples, and office equipment under permissible imports.