Government of India
Ministry of Commerce & Industry
Department of Commerce
Udyog Bhawan
Notification No.105 (RE-2010)/2009-2014
New Delhi, the 5th March, 2012
Subject: Grant of export benefits / incentives to
export proceeds realized even in Indian rupees – Exports to Iran regarding.
S.O.(E) 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 2.40 of Foreign Trade Policy, 2009-2014:
2. The following Sub-Para is added to Para 2.40 of Foreign Trade Policy,
2009-2014:
Para 2.40 A: 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.
3. Effect of this notification:
In respect of exports to Iran, export proceeds realized even in Indian rupees
will be eligible to avail export benefits and incentives.
(Anup K. Pujari)
Director General of Foreign Trade
E-mail: [email protected]
[Issued from (01/93/180/25/AM-12/PC-2(B)]