07 (RE-2013) 2009-2014 dt 18.04.2013
 

Amendment in Para 5.1 of the Foreign Trade Policy 2009-14.

 

TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY
PART-II, SECTION-3, SUB SECTION (ii)
 
GOVERNMENT OF INDIA
MINISTRY OF COMMERCE AND INDUSTRY
DEPARTMENT OF COMMERCE
 
NOTIFICATION No.  07(RE-2013)/ 2009-2014
NEW DELHI, DATED THE 18th April, 2013

 
In exercise of powers conferred by Section 5 of the Foreign Trade (Development & Regulation) Act, 1992 (No. 22 of 1992) read with paragraph 1.2 of the Foreign Trade Policy 2009-2014, the Central Government hereby amends, with immediate effect, Para 5.1 of the Foreign Trade Policy (RE-2013)/2009-14.
 
A new sub-para (g) is being inserted after para 5.1(f) of FTP as under:
“5.1(g)  Authorization under EPCG Scheme shall not be issued for import of any Capital Goods (including Captive plants and Power Generator Sets of any kind) for
i.                    Export of electrical energy (power)
ii.                  Supply of electrical energy (power) under deemed exports
iii.                Use of power (energy) in their own unit, and
iv.                 Supply/export of electricity transmission services.”
 
Effect of Notification:  Import of Capital Goods for production/transmission of energy(power) will no longer be available.  
 

(Anup K. Pujari)
Director General of Foreign Trade
E-mail: dgft@nic.in
 

Opinion

A new sub para has been inserted by which Import of Capital Goods for production/transmission of energy(power) will no longer be available.