Circular

NOTIFICATION NO. 49/2007, DT. 14/11/2007

Document type: Circular
Reference no.: K
Dated: 25 Apr 2012
Category: Notifications Issued In The Year-2007

Amendments in para 4.4.6 (Transferability) - (FTP)

NOTIFICATION NO. 49/2007, DT. 14/11/2007

Amendments in para 4.4.6 (Transferability) - (FTP)

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):

1. 2nd sub-paragraph of paragraph 4.4.6 stands replaced by the following:

Once transferability is endorsed, imports / domestic procurement against authorisation or transfer of imported inputs / domestically procured inputs shall be subject to payment of applicable additional customs duty / excise duty. While endorsing transferability, authorisation would bear a note as to liability of such additional customs duty / excise duty. However, in case where CENVAT facility has not been availed, exemption from additional customs duty / excise duty would be available even after endorsement of transferability on DFIA.

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. 01/94/180/ DFIA /AM08/PC-I)

NOTIFICATION NO. 49/2007, DT. 14/11/2007

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