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DGFT – Amendments in Chapter 4 of the Foreign Trade Policy 2009-2014.

TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY

PART-II, SECTION-3, SUB SECTION (ii)

GOVERNMENT OF INDIA

MINISTRY OF COMMERCE AND INDUSTRY

DEPARTMENT OF COMMERCE

NOTIFICATION NO. 02 (RE-2013)/ 2009-2014

NEW DELHI, DATED THE 18th April, 2013

In exercise of powers conferred by Section 5 of the Foreign Trade (Development & Regulation) Act, 1992 (No.22 of 1992) read with paragraph 1.2 of the Foreign Trade Policy, 2009-2014, the Central Government hereby notifies the following amendments in the Foreign Trade Policy 2009-2014 to be incorporated in the Annual Supplement. This shall come into force w.e.f. 18th April, 2013.

(1) In Chapter 4 a new sub-para (d) after para 4.2.6(c) of FTP is being inserted to disallow exemption from Antidumping duty and Safeguard duty once a DFIA is made transferable. The sub para (d) to be inserted would read as under:-

Exemption from Antidumping Duty and Safeguard Duty would be available on actual user basis only, i.e. before endorsement of ˜transferability™.

(2) The word energy in second sentence of para 4.1.3.1 of the FTP stands deleted.

(3) In para 4A.16A of FTP inserted vide Notification No.30 dated 31.01.2013 in respect of Private/Public Bonded Warehouse the minimum value addition of 5% shall be only for DTA units and not SEZ units. Accordingly, the para may be modified as under:

Private/Public Bonded Warehouses may be set up in SEZ/DTA for import and re-export of cut and Polished diamonds, cut and polished coloured gemstones, uncut & unset precious & semi-precious stones, subject to achievement of minimum VA of 5% by DTA units.

Effects of this Notification: Anti-dumping duty and safeguard duty would be leviable on goods imported against transferred DFIAs. Advance Authorisations will no more be available for import/supply of ˜energy™. Value Addition in respect of SEZ (in respect of para 4A.16A of FTP) would be as per SEZ Act.

(Anup K. Pujari)

Director General of Foreign Trade

E-mail:dgft@nic.in

(Issued from F. No. 01/ 94 / 180 /395 – Foreign Trade Policy / AM13 / PC-4)

Tags: File Transfer ProtocolFTPGovernment of IndiaMinistry of Commerce and Industry (India)New DelhiRegulationSpecial Economic ZoneUnited States Department of Commerce

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