Export to Iran under Para 2.35 (b) of Foreign Trade Policy, 2009-2014.

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....ew Delhi, Dated: 30 April, 2014 Subject: Export to Iran under Para 2.35 (b) of Foreign Trade Policy, 2009-2014. S.O. (E): In exercise of powers conferred under Section 5 of the Foreign Trade (Development and Regulation) Act, 1992 read with paragraph 2.1 of the Foreign Trade Policy, 2009-2014, as amended from time to time, the Central Government hereby modifies paragraph 2.35 (b) of Foreign Trad....

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.... 2.35(b) of FTP is modified further to read as under: (I) "Exports of such goods imported against payment in freely convertible currency would be permitted against payment in freely convertible currency except to countries as notified by DGFT from time to time. Export of such goods would be permitted against payment in Indian Rupees to the notified countries subject to at least 15% value add....