TO BE PUBLISHED IN THE GAZETTEE OF INDIA EXTRAORDINARY
PART – II, SECTION – 3, SUB SECTION (ii)
MINISTRY OF COMMERCE AND INDUSTRY
DEPARTMENT OF COMMERCE
NOTIFICATION No. 49 (RE-2007)/2004-2009
DATED 14th November, 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):
1. 2nd sub-paragraph of paragraph 4.4.6 stands replaced by the following:
Once transferability is endorsed, imports / domestic procurement against authorisation or transfer of imported inputs / domestically procured inputs shall be subject to payment of applicable additional customs duty / excise duty. While endorsing transferability, authorisation would bear a note as to liability of such additional customs duty / excise duty. However, in case where CENVAT facility has not been availed, exemption from additional customs duty / excise duty would be available even after endorsement of transferability on DFIA.
This issues in Public interest.
Director General of Foreign Trade and
Ex Officio Additional Secretary to the Government of India
(Issued from File. No. 01/94/180/ DFIA /AM08/PC-I)