FTP - Amendment in Foreign Trade Policy - Incremental Export

By Vijay Kumar

GOVERNMENT has amended the Foreign Trade Policy to stipulate that:

1. Benefit of Incremental Export Incentivisation Scheme for the last quarter of 2012-13 will be limited to 25% growth or Incremental growth of Rs.10 crores in value, whichever is less.

2. Claims in excess of this value will be subjected to greater scrutiny by Regional Authority.

DGFT Notification No. 44 (RE-2013)/2009-2014, Dated: September 25, 2013