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
 
Notification No.105 (RE-2010)/2009-2014
New Delhi, the 5^th 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)]