Amends Notification No. 93/2009-Customs, dated the 11th September, 2009
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Incremental growth entitlement: compute export growth per IEC in freely convertible currency, excluding specified export categories.
Amendment requires that incremental growth for computation of export entitlement under the Foreign Trade Policy be determined for each exporter by Importer Exporter Code (IEC) without combining or transferring export performance between IECs, measured in freely convertible currency to designated markets. It enumerates excluded categories for performance calculation, including imports or trans-shipment, exports from or to SEZ/EOU/EHTP/STPI/BTP/FTWZ and supplies to SEZ units, deemed exports, service and third party exports, precious metals and stones, ores and concentrates, cereals, sugar, crude petroleum and primary petroleum products, milk products, exports requiring authorisation (except SCOMET), meat products, specified market exports, and SEZ products exported through DTA units.