Export of goods with value addition under Paragraph 11.7 of Exim Policy against Rupee Payment

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Export of goods with value addition under Paragraph 11.7 of Exim Policy against Rupee Payment

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....ITY ALL COMMISSIONERS OF CUSTOMS Subject:- Export of goods with value addition under Paragraph 11.7 of Exim Policy against Rupee Payment. Attention is invited to Paragraph 11.7 of EXIM Policy 1997-2002 which provides inter- alia for export of goods against payment in Indian Rupee subject to a minimum value addition of 33% with conditions specified thereunder. Custom has brought to notice of this ....

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...., an increase in FOB value of exportable goods on paper without any increase in its intrinsic value is against the Policy. 3. Further, the Rupee Debt Payment Scheme was envisaged to increase export of Indian goods to Russia. If switch-trade of the form described above takes place, the entire mechanism of repayment of rupee debt to Russia by way of export of Indian goods would be jeopardised. 4. ....

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Export of goods with value addition under Paragraph 11.7 of Exim Policy against Rupee Payment