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of <h1>India Amends Foreign Trade Policy: Supplies to Non-Mega Power Projects No Longer Eligible for Deemed Export Benefits</h1> The Government of India has amended the Foreign Trade Policy (FTP) 2009-2014 by adding a new paragraph 8.7, which declares that supplies to non-mega power projects are ineligible for deemed export benefits. This change overrides previous provisions that allowed such benefits under specific conditions. The amendment, effective from March 21, 2012, will be reflected in the annual supplement to the FTP and related documents. This decision signifies a shift in policy, aiming to restrict deemed export benefits exclusively to certain categories, excluding non-mega power projects from eligibility.
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