PUBLIC NOTICE NO. 40/2008, DT. 04/07/2008
- Document type
- Circular
- Reference no.
- L
- Dated
- Category
- Public Notices w.e.f 01/04/2008
Amends Para 6.21.5 - Sub-Contracting
Amends Para 6.21.5 - Sub-Contracting
Para 6.21.5 of HBP shall be amended to read as:
In case of sub-contracting of production process abroad, goods may be exported from sub-contractor premises subject to conditions that at the time of clearance of goods, the EOU/EHTP/BTP/STP shall declare (i) the transaction value of the finished goods to be cleared from the sub-contractors premises abroad; (ii) job work charges to be paid to the sub-contractor abroad; and (iii) value of intermediate goods, supported with documents like (a) sale price contract/or invoice for the finished goods, (b) job work contract and (c) the basis of arriving at the value of intermediate goods. The EOU/EHTP/BTP/STP shall also ensure full repatriation of foreign exchange declared as the transaction value of the finished goods cleared from the sub-contractors premises abroad.
This issues in Public interest
Sd/-
(R.S.GUJRAL)
DIRECTOR GENERAL OF FOREIGN TRADE
EX-OFFICIO ADDITIONAL SECRETARY TO THE GOVT OF INDIA