FTP - Export to Iran - Realisation in Rupees - ‘specific' deleted

By Vijay Kumar

PARA 2.40A of the Foreign Trade Policy, 2009-2014 read as:

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 .

Now, the word ‘specific' is deleted.

DGFT Notification No. 89 (RE-2013)/2009-2014, Dated: August 06, 2014