PRAG & ASSOCIATES

17(Re 2013)/2009-2014 dt. 10/6/2013

Notification of Iran under Para 2.35 (b) of 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. 17 (Re 2013)/2009-2014
New Delhi, Dated The 10^th June, 2013

Subject: Notification of Iran under Para 2.35 (b) of Foreign Trade Policy, 2009-2014.

S.O. (E): In exercise of powers conferred under Section 5 of the Foreign Trade (Development and Regulation) Act, 1992 read with paragraph 2.1 of the Foreign Trade Policy, 2009-2014, as amended from time to time, the Central Government hereby notifies Iran under paragraph 2.35 (b) of Foreign Trade Policy, 2009-2014
2.       Accordingly, exports of such goods to Iran which have been imported against payment in freely convertible currency would be permitted against payment in Indian Rupees also, subject to at least 15% value addition.
3.       Effect of this Public Notice:
          Countries eligible to avail benefits of Para 2.35 (b) of Foreign Trade Policy, 2009-2014 have to be notified. Iran is being notified now as eligible.

Sd-
(Anup K. Pujari)
Director General of Foreign Trade
Email:dgft@nic.in

[Issued from F. No. 01/93/180/25/AM-12/PC-2(B)]

Opinion

This Notification seeks to extend benefits under paragraph 2.35 (b) of Foreign Trade Policy, 2009-2014 for exports of such goods to Iran which have been imported against payment in freely convertible currency would be permitted against payment in Indian Rupees also, subject to at least 15% value addition.