NTF. NO. 28(RE-2000), DT. 03/08/2000
- Document type
- Circular
- Reference no.
- D
- Dated
Russian Exports in rupee payments are eligible for DFRC
(Russian Exports in rupee payments are eligible for DFRC)
In exercise of powers conferred by Section 5 of the Foreign Trade (Development and Regulation) Act, 1992 (No.22 of 1992) read with paragraph 1.3 of the Export and Import Policy, 1997-2002 (incorporating amendment made upto 31.3.2000), the Central Government hereby makes following amendments in the Export and Import Policy, 1997-2002 (incorporating amendment upto 31.3.2000).
1. The following shall be added at Sl.No. (vi) of paragraph 7.4;
- "Duty Free Replenishment Certificate may be issued in respect of exports for which payments are received in non-convertible currency. Such exports shall, however, be subject to value addition as specified in Appendix- 39 of Handbook (Vol.1).
This issues in public interest.
Sd/-
(N. L. Lakhanpal)
Directorate General of Foreign Trade