Export Incentives Allowed for All Rupee Exports to Iran

[DGFT Notification No. 89 dated 6^th August 2014]

Subject: Export benefits / incentives against exports to Iran.

In exercise of the powers conferred by Section 5 of the Foreign Trade (Development and Regulation) Act, 1992 read with Para 2.1 of the Foreign Trade Policy, 2009-2014, the Central Government hereby makes the following amendment in the Para 2.40A of Foreign Trade Policy, 2009-2014:

2. The word ‘specific’ appearing in the first line of Para 2.40A of Foreign Trade Policy, 2009-2014 is hereby deleted:

3. After deleting, Para 2.40A of Foreign Trade Policy, 2009-2014 shall read as under:

Para 2.40A: Export proceeds against 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.

4. Effect of this notification

The word ‘specific’ has been deleted from Para 2.40A of Foreign Trade Policy, 2009-2014.