Grant of export benefits / incentives to export proceeds realized even in Indian rupees Exports to Iran regarding

To be published in the Gazette of India Extraordinary Part II

Section 3, Sub Section (II) 

Government of India; Ministry of Commerce & Industry; Department of Commerce

Notification No.105 (RE-2010)/2009-2014

Dated the 5th March, 2012

 Subject: Grant of export benefits / incentives to export proceeds realized even in Indian rupees Exports to Iran regarding.

 S.O.(E) In exercise of the powers conferred by Section 5 of the Foreign Trade (Development and Regulation) Act, 1992 read with Para 2.1 of the Foreign Trade Policy, 2009-2014, the Central Government hereby makes the following amendment in the Para 2.40 of Foreign Trade Policy, 2009-2014:

 2.  The following Sub-Para is added to Para 2.40 of Foreign Trade Policy, 2009-2014:

Para 2.40 A: Export proceeds against specific exports to Iran realized in Indian rupees are permitted to avail exports benefits/ incentives under the Foreign Trade Policy, 2009-14, at par with export proceeds realized in freely convertible currency.

 3. Effect of this notification:

In respect of exports to Iran, export proceeds realized even in Indian rupees will be eligible to avail export benefits and incentives. 

 (Anup K. Pujari)

Director General of Foreign Trade

E-mail: dgft@nic.in       

 [Issued from (01/93/180/25/AM-12/PC-2(B)] 

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