The product description appearing under ITC HS 8481 mentioned at Sl.No.269 of Appendix 37-D, Table-I of Foreign Trade Policy 2009-14 notified vide public notice no.52 dated 25.02.2014 is as under:

‘ITEMS OF A KIND USED ON BICYCLES: TAPS, COCKS, VALVES AND SIMILAR APPLIANCE FOR PIPES, BOILER SHELLS, TANKS, VATS OR THE LIKE, INCLUDING PRESSURE REDUCING VALVES AND THERMOSTATICALLY CONTROLLED VALVES’

2. DGFT has received representations from exporters requesting for providing benefits under focus Product Scheme of Foreign Trade Policy 2009-14 on the export of industrial valves under item at Sl.No.269 of Appendix 37-D, Table-1 of Foreign Trade Policy 2009-14 notified vide public notice no.52 dated 25.02.2014 or under any other any other Sl. No. in the earlier public notices having same description and even to those items which are not used in bicycles.

3. It is hereby clarified that intention from the beginning had been to grant incentive to bicycle parts only under this serial No.269 under FPS and this intention has been clearly indicated. Other items, which are not parts of bicycle, appearing in the above mentioned description are not eligible for FPS benefit under FTP 2009-14. The Focus Product scheme has sunset on 31.03.2015, therefore, there is no merit in requests for providing benefit to other products.

4. Cases where RA has issued any scrips against the export of parts other than those used in bicycle under ITC HS 8481 mentioned at Sl.No.269 of Appendix 37-D, Table-I of Foreign Trade Policy 2009-14 notified vide public notice no.52 dated 25.02.2014 or under any other Sl.No. in the earlier public notices having same description, are liable to be reviewed and corrective measures be taken to recover such claims granted by over sight.
 

Sd/-
(J.M. Gupta)
Joint Director General of Foreign Trade
e-mail : jmgupta@nic.in

(Issued from F.No.01/61/180/107/AM13/PC-3)