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30RE-2013)/2009-2014 dt. 31/07/2013

Amendments in Para 3.12.7 of Foreign Trade Policy 2009-14 regarding SFIS.

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
Udyog Bhawan, New Delhi

Notification No: 30 (RE-2013)/2009-2014
New Delhi, the 1^st August, 2013

Subject: Amendments in Para 3.12.7 of Foreign Trade Policy 2009-14 regarding SFIS.

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 amendments in the Foreign Trade Policy (FTP) 2009-14 with immediate effect:

2. Paragraph 3.12.7 of FTP is amended to read as under:

Existing Paragraph: Entitlement/goods (imported / procured) shall be non transferable (except within group company and managed hotels) and be subjected to Actual User condition.

Amended Paragraph:
Entitlement/goods (imported / procured) shall be non transferable (except within group company and managed hotels) and be subjected to Actual User condition. However, these goods can be alienated on completion of 3 years from the date of import / procurement.

Effect of this Notification: Goods imported / procured against SFIS scrips can be alienated on completion of 3 years from the date of import / procurement.

(Anup K. Pujari)
Director General of Foreign Trade
E-mail: dgft

Opinion

This notification seeks to amend the Paragraph 3.12.7 of FTP whereby Goods imported / procured against SFIS scrips can be alienated on completion of 3 years from the date of import / procurement.
been substituted pertaining to goods of heading 69010010 and 69041000 have been provided complete exemption from the excise duty under the said notification.

Amit R Gupta