FTP – As CBEC sees it
THE new Foreign Trade policy was announced on 27 th August 2009. The policy is not worth the paper it is printed on unless accepted/ratified by Customs. After a month of announcing the Policy, the Board has now come out with a Circular explaining the salient features. The Department of Revenue had issued notifications Nos. 91/09- Cus to 103/09- Cus all dated 11.9.09, 104/09- Cus & 105/09- Cus both dated 14.9.09, 109/09- Cus dated 24.9.09, 23/09-CE(NT) dated 25.9.09 and 112/09- Cus dated 29.9.09 to implement the Policy and the Handbook.