Ministry of Finance TheDollarBusiness

Amendment in Para 5.04 (h) of FTP 2015-2020 No-06

S.O.(E) In exercise of the powers conferred by Section 5 of the Foreign Trade (Development and Regulation) Act, 1992

Dated 3rd May, 2016 | Copy of | Notification No. 06/2015-2020, New Delhi |

(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
Directorate General of Foreign Trade

S.O.(E) In exercise of the powers conferred by Section 5 of the Foreign Trade (Development and Regulation) Act, 1992, as amended, read with Para 1.02 of the Foreign Trade Policy, 2015-2020, the Central Government hereby makes the following amendments in the Foreign Trade Policy (FTP) 2015-2020 with immediate effect:

Presently, Para 5.04 (h) of FTP 2015-20 reads as under:

”5.04 Export Obligation (EO)

(h) Payment received in rupee terms for such Services as notified in Appendix 3E shall also be counted towards discharge of export obligation under the EPCG scheme.”

After amendment the amended Para 5.04 (h) of FTP 2015-2020 shall read as under:

”5.04 Export Obligation (EO)

(h) Payment received in rupee terms for such Services as notified in Appendix 5D shall also be counted towards discharge of export obligation under the EPCG scheme.”

Effect of this Notification: A new Appendix 5D is being notified containing list of services, payments for which are received in Rupee terms and which are to be counted for fulfilment of Export Obligation under EPCG scheme.

(Anup Wadhawan )
Director General of Foreign Trade
E-mail: [email protected]

(Issued from File No. 18/110/AM-16/PC-5)

 

The Dollar Business Bureau - May 06, 2016 12:00 IST