PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY PART-II, SECTION-3, SUB SECTION (ii)
DEPARTMENT OF COMMERCE
NOTIFICATION No. 66 (RE-2007)/2004-2009
DATED 27th December 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 (RE2007), 2004-2009.
“For exports during 2007-08, all Status Holders (having
status recognition w.e.f 1.4.2007) exporting products covered under ITC HS
Chapters 1 to 24, shall be incentivized with duty credit scrip equal to 10% of
FOB value of agricultural exports (including benefits entitled under paragraph
3.8.2) provided that the total benefits for all status holders put together
does not exceed Rs 100 Cr (i.e. Rs 50 Cr for each half year) and the conditions
specified in Para 3.19.10 of HBP v1 (RE2007) are satisfied. Zonal Office CLA,
The following capital goods / equipments shall be permitted for import:
(i) Cold storage units (including Controlled Atmosphere (CA) and Modified Atmosphere (MA) Stores); and Pre-cooling Units and Mother Storage Units for Onions, etc.;
(ii) Pack Houses (including facilities for handling, grading, sorting and packaging etc.); and (iii) Reefer Van / Containers.
Imported capital goods/equipment shall be utilized for storage, packing etc. (as in (ii) above) and transportation of agricultural products (including agro-processed perishable products).
This additional benefit shall be subject to actual user condition and hence non-transferable.”
2. This shall apply for exports w.e.f 1.4.2007.
This issues in Public interest.
Director General of Foreign Trade and
Ex Officio Additional Secretary to the Government of
(Issued from File. No. 01/94/180/461/AM08/PC-I)