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of <h1>Foreign Trade Policy Update: Goods Can Be Exported from Sub-Contractor's Premises Abroad under Amended Paragraph 6.21.5.</h1> The Director General of Foreign Trade has amended paragraph 6.21.5 of the Handbook of Procedures under the Foreign Trade Policy 2004-09. The amendment allows goods to be exported from a sub-contractor's premises abroad, provided certain conditions are met. These conditions include declaring the transaction value of finished goods, job work charges, and the value of intermediate goods at the time of clearance. Documentation such as sale price contracts, job work contracts, and valuation basis for intermediate goods must support these declarations. Additionally, full repatriation of foreign exchange for the transaction value of finished goods must be ensured.
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