Amendment in FTP, 2004-2009(Updated as on 19.4.2007)

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....velopment & Regulation) Act, 1992 read with paragraph 1.3 of the Foreign Trade Policy (FTP), 2004-2009, as amended, the Central Government hereby makes the following amendments in FTP, 2004-2009 (Updated as on 19.4.2007): 1. Paragraph 2.50 related to "Force Majeure clause" stands deleted. 2. First sentence of paragraph 3.8.6 shall be substituted by the following clause: All Status Holders....

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....alized as per BRC / FIRC) of exports of notified products for current year (i.e., 2007-08) over previous year (i.e., 2006-07) and similarly (all taken together) for each subsequent licensing year. Exporter may opt for either (a) or (b) above. However, applicants with 'nil' exports in base year shall not be eligible. 5. A new paragraph 3.11.2.1 shall be added at the end of paragraph 3.11.2 as....

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....tones for the treatment and re-import as per customs rules and regulations. In case of re-export, the exporter shall be entitled for duty drawback as per rules. 8. Paragraph 5.1A is amended to read as under: Spares (including refurbished / reconditioned spares), tools, spare refractories and catalyst for existing plant and machinery (imported earlier, under EPCG or otherwise) shall be allowe....