Amendments in Foreign Trade Policy
GOVERNMENT has amended para 5.2A, 9.12, 5.3 and 5.11 of Foreign Trade Policy, 2009-2014 (RE 2012).
Para 5.2A: Concessional 3% Duty EPCG Scheme: Import of spares
Para 9.12: Definition of Capital Goods
Para 5.3: EPCG Scheme: Bank Guarantee.
Para 5.11: Post Export EPCG Duty Credit Scrip (s)
The first para of the Notification states that the amendments are with immediate effect, while the last para states that the amendments will take effect from 5.6.2012. Shouldn't the Government be sure as to when their laws come into force?
DGFT Notification No. 08/(RE-2012)/2009-2014, Dated: July 26, 2012