GOVERNMENT OF INDIA
DEPARTMENT OF COMMERCE
NOTIFICATION No. 15 (RE-2007)/2004-2009
DATED 20 July 2007
S.O.(E) In exercise of powers conferred by Section 5 of the Foreign Trade (Development & 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).
2. Para 6.2(h) of FTP, 2004-2009 shall be substituted by the following:
“ Procurement and export of spares/components upto 5% of FOB value of exports may be allowed to same consignee/buyer of the export article, subject to the condition that it shall not count for NFE and direct tax benefits.”
This issues in Public interest.
Director General of Foreign Trade and
Ex Officio Additional Secretary to the Government of India
(Issued from File. No. 01/92/180/ 89 /AM08/PC-II)