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of <h1>India Updates Foreign Trade Policy 2009-2014: New Import Rules for Machinery, Broader 'Capital Goods' Definition, Effective June 5, 2012.</h1> The Government of India has amended the Foreign Trade Policy (FTP) 2009-2014, effective immediately. Key changes include modifications to para 5.2A, 9.12, 5.3, and 5.11. Spares for existing machinery can be imported under the EPCG scheme with specific export obligations. The definition of 'Capital Goods' now encompasses a broader range of equipment for manufacturing and services. Bank Guarantees must equal the duty saved, and Post Export EPCG Duty Credit Scrips are available for importers paying duties in cash. These amendments are effective from June 5, 2012, as per the notification issued by the Director General of Foreign Trade.
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