2.35

Export of Imported Goods

(a) Goods imported, in accordance with FTP, may be exported in same or substantially the same form without an Authorisation provided that item to be imported or exported is not restricted for import or export in ITC (HS).

(b) (I) Exports of such goods imported against payment in freely convertible currency would be permitted against payment in freely convertible currency except to countries as notified by DGFT from time to time. Export of such goods would be permitted against payment in Indian Rupees to the notified countries subject to at least 15% value addition.

(ii) 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. Further, re-export of food, medicine and medical equipment’s will not be subject to minimum value addition requirement. The ITC(HS) codes for these goods will cover Chapters 2, 3, 4, 7-11 and Chapters 15-21, 23, 30 and only Headings 9018, 9019, 9020, 9021 & 9022 of Chapter-90 of ITC(HS) subject to all conditions of FTP 2009-14 and 1TC(HS) 2012 as applicable.

(iii) Bird's eggs under HS: 0407 & 0408 and Rice under HS: 1006 are not covered under this dispensation.

(iv) Exports under this dispensation shall not be eligible for any export incentives.

(Above (b) has been amended vide NOTIFICATION NO. 79/2013, DT. 30/04/2014 )

[OLD- (b) Exports of such goods imported against payment in freely convertible currency would be permitted against payment in freely convertible currency except to countries as notified by DGFT from time to time. Export of such goods would be permitted against payment in Indian Rupees to the notified countries subject to at least 15% value addition.

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. ]

[OLD- (b) Exports of such goods imported against payment in freely convertible currency would be permitted against payment in freely convertible currency except to countries as notified by DGFT from time to time. Export of such goods will be permitted against payment in Indian rupees to the notified countries subject to at least 15% value addition.]

(Countries eligible to avail benefits of above Para 2.35 (b) of Foreign Trade Policy, 2009-2014 have to be notified vide NOTIFICATION NO. 17/2013, DT. 10/06/2013. Iran is being notified now as eligible.)

(Above (b) has been amended vide NOTIFICATION NO. 16/2013, DT. 06/06/2013)

[OLD -
(b) Exports of such goods imported against payment in freely convertible currency would be permitted against payment in freely convertible currency. ]