POLICY CIR NO. 07/2023, DT. 21/12/2023
- Document type
- Circular
- Dated
Clarification on the applicability of minimum Value Addition as provided under para 4.09 (v) of FTP 2023, in case of spices -reg.
Clarification on the applicability of minimum Value Addition as provided under para 4.09 (v) of FTP 2023, in case of spices -reg.
Attention is drawn towards Para 4.09 (v) of Foreign Trade Policy 2023 which mandates 25% minimum value addition in the case of spices. It is clarified that the condition of minimum value addition of 25% in the case of spices is applicable only where both export as well as import items pertain to Chapter 9 of ITC HS Code.
This issues with the approval of the Competent Authority.
(K.M. Harilal)
Jt. Director General of Foreign Trade
(Issued from file no. 01/94/180/021/AM24/PC-4)