FTP - amendments in the Foreign Trade Policy

By Vijay Kumar

GOVERNMENT has amended the Foreign Trade Policy (FTP) 2009-14, to amend para 3.15.3 and to insert para 3.15.4, which read as:

"3.15.3 Market Linked Focus Products Scrip (MLFPS):

Export of Products/Sectors of high export intensity/employment potential (which are not covered under present FPS List) would be incentivized @ 2 % of FOB value of exports (in free foreign exchange) under FPS when exported to the Linked Markets (countries), which are not covered in the present FMS list. Such products will be listed in Table 2 or Table 3 of Appendix 37D of HBPv1, for exports made from 27.8.2009 onwards, unless a specific date of export/period is specified by public notice/notification.

3.15.4: "Incentive to the products listed in Table 3 will be in addition to any benefit which the same item may be entitled to under Table 1 or Table 2 of Appendix 37D."

The new Table 3 added in Appendix 37 D would be entitled to additional benefits.

DGFT Notification No. 71 (RE 2013)/2009-14, Dated: February 27 2014