Notification No.105 (RE-2010)/2009-2014 dated 5.3.2012

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

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

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