NOTIFICATION NO. 15/2007, DT. 20/07/2007

Procurement and export of spares/components upto 5% of FOB value of exports

S.O.(E) In exercise of powers conferred by Section 5 of the Foreign Trade (Development & Regulation) Act, 1992 read with paragraph 1.3 of the Foreign Trade Policy (FTP), 2004-2009, as amended, the Central Government hereby makes the following amendments in FTP, 2004-2009 (Updated as on 19.4.2007).

2. Para 6.2(h) of FTP, 2004-2009 shall be substituted by the following:

“Procurement and export of spares/components upto 5% of FOB value of exports may be allowed to same consignee/buyer of the export article, subject to the condition that it shall not count for NFE and direct tax benefits.”

This issues in Public interest.

Sd/-

(R.S.Gujral)
Director General of Foreign Trade and
Ex Officio Additional Secretary to the Government of India

(Issued from File. No. 01/92/180/ 89 /AM08/PC-II)

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