Export to Iran in Indian Rupees allowed for specified goods with minimum value addition and limited exemptions. Paragraph 2.35(b) of FTP 2009-14 is amended to permit exports imported against freely convertible currency to be exported against Indian Rupees to notified countries subject to at least fifteen percent value addition; exports to Iran are covered by this rupee payment option. Re exports of food, medicine and medical equipment are exempt from the minimum value addition requirement and are limited to specified ITC(HS) chapters and headings. Bird's eggs and rice are excluded, and exports under this dispensation are not eligible for export incentives.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Export to Iran in Indian Rupees allowed for specified goods with minimum value addition and limited exemptions.
Paragraph 2.35(b) of FTP 2009-14 is amended to permit exports imported against freely convertible currency to be exported against Indian Rupees to notified countries subject to at least fifteen percent value addition; exports to Iran are covered by this rupee payment option. Re exports of food, medicine and medical equipment are exempt from the minimum value addition requirement and are limited to specified ITC(HS) chapters and headings. Bird's eggs and rice are excluded, and exports under this dispensation are not eligible for export incentives.
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