Rupee Terms Counted towards Discharge of EO under EPCG Scheme – New Appendix
5D Notified
[DGFT
Notification No. 06 dated 3rd May 2016]
Effect
of this Notification: A new Appendix 5D is being notified
containing list of services, payments for which are received in Rupee terms and
which are to be counted for fulfilment of Export Obligation under EPCG scheme.
Subject:
Amendment in Para 5.04 (h) of FTP 2015-2020
In
exercise of the powers conferred by Section 5 of the Foreign Trade (Development
and Regulation) Act, 1992, as amended, read with Para 1.02 of the Foreign Trade
Policy, 2015-2020, the Central Government hereby makes the following amendments
in the Foreign Trade Policy (FTP) 2015-2020 with immediate effect:
Presently,
Para 5.04 (h) of FTP 2015-20 reads as under:
”5.04
Export Obligation (EO)
(h)
Payment received in rupee terms for such Services as notified in Appendix 3E
shall also be counted towards discharge of export obligation under the EPCG
scheme.”
After
amendment the amended Para 5.04 (h) of FTP 2015-2020 shall read as under:
”5.04
Export Obligation (EO)
(h)
Payment received in rupee terms for such Services as notified in Appendix 5D
shall also be counted towards discharge of export obligation under the EPCG
scheme.”