Amendments in the Foreign Trade Policy, 2004-2009.

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GOVERNMENT OF INDIA MINISTRY OF COMMERCE AND INDUSTRY DEPARTMENT OF COMMERCE DIRECTORATE GENERAL OF FOREIGN TRADE UDYOG BHAWAN

NOTIFICATION No. 54 (RE-2005)/2004-2009 NEW DELHI, DATED THE 17th March, 2006

        S.O.(E)  In exercise of powers conferred by Section 5 of  the Foreign Trade (Development & Regulation) Act, 1992 read

with paragraph 1.3 of the Foreign Trade Policy, 2004-2009, the Central Government hereby makes the following amendments in the Foreign Trade Policy, 2004-2009:

        Sub-para 8.2(d) shall be amended as under:

        “(d)      Supply of goods to projects financed by multilateral or bilateral agencies/funds as notified by the Department of

Economic Affairs, Ministry of Finance under International Competitive Bidding in accordance with the procedures of those agencies/funds, where the legal agreements provide for tender evaluation without including the customs duty;

Supply and installation of goods and equipment (single responsibility of turnkey contracts) to projects financed by multilateral or bilateral agencies/funds as notified by Department of Economic Affairs, Ministry of Finance under International Competitive Bidding in accordance with the procedures of those agencies/funds, which the bids may have been invited and evaluated on the basis of Delivered Duty Paid (DDP) prices for the goods manufactured abroad”.

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                This issues in Public interest.

( K.T. CHACKO ) Director General of Foreign Trade and Ex Officio Additional Secretary to the Government of India (Issued from F.No.01/92/180/133/AM06/PC.II)