PUBLIC NOTICE NO. 138/2008, DT. 23/01/2009

Where units give their option to continue after expiry of six months as stipulated above, DC will grant extension after obtaining approval of BOA

In exercise of power conferred under paragraph 2.4 of the Foreign Trade Policy 2004-09, the Director General of Foreign Trade hereby makes the following amendments in the Handbook of Procedures (Vol.I):

Para 6.3.9 of HBP v1 shall be amended to read as:

“On completion of approval period as provided for in paragraph 6.6 of FTP, it shall be open to unit to continue under scheme or opt out of scheme. Where unit opts to continue, DC concerned will extend approval period. If no intimation in this regard is received from unit within a period of six months of expiry of approval period, DC will take action, suo moto, to cancel approval under EOU scheme and take further action in this regard. Where units give their option to continue after expiry of six months as stipulated above, DC will grant extension after obtaining approval of BOA.”

2. This issues in Public interest

(R.S.GUJRAL)
DIRECTOR GENERAL OF FOREIGN TRADE
EX-OFFICIO ADDITIONAL SECRETARY TO THE GOVT OF INDIA

(Issued from file No F.No. 01/92/180/95/AM09/PC-VI )

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