FTP-related amendments with respect to computation of incremental growth
FOR the purpose of calculation of export performance or for computation of entitlement under paragraph 3.14.4 or paragraph 3.14.5 of the Foreign Trade Policy, the incremental growth shall be in respect of each exporter [Importer Exporter Code (IEC) holder] without any scope of combining the export for group company or for transferring export performance from any other IEC holder and the incremental growth shall be in terms of freely convertible currency to the designated markets. Further, the categories of exports which are not to be counted for calculation of export performance or for computation of entitlements are also listed out in the amending notifications. The above changes are made in the notifications 30/2012-CE dt. 09/07/2012 and 93/2009-Cus dated 11/09/2009 respectively.
Notification , dated June, 13, 2013 & , dated June, 13, 2013