Grant of export benefits to export proceeds realized even in Indian rupees - Exports to Iran
PARA 2.40 of the Foreign Trade Policy, 2009-14 is amended to incorporate the following sub-para:
Para 2.40 A: Export proceeds against specific exports to Iran realized in Indian rupees are permitted to avail exports benefits/ incentives under the Foreign Trade Policy, 2009-14, at par with export proceeds realized in freely convertible currency.
By virtue of this amendment, in respect of exports to Iran, export proceeds realized even in Indian rupees will be eligible to avail export benefits and incentives.
DGFT Notification No. 105 (RE-2010)/2009-14, Dated: March 5, 2012