NOTIFICATION NO. 21/2008, DT. 01/07/2008

Five year block period for calculation of NFE earnings may be suitably extended by BoA - 6.5 (NFE)

S.O (E)-In exercise of powers conferred by Section 5 of the Foreign Trade (Development and Regulation) Act, 1992 (No. 22 of 1992) read with Para 1.3 of the Foreign Trade Policy, 2004-2009 (as amended from time to time), the Central Government hereby makes the following amendment in Foreign Trade Policy:

The following stands added at the end of paragraph 6.5:-

“Whenever a unit is unable to export due to prohibition/ restriction imposed on export of any product mentioned in LoP, the five year block period for calculation of NFE earnings may be suitably extended by BoA.”

This issues in Public Interest.

Sd/-

(R.S. GUJRAL)
DIRECTOR GENERAL OF FOREIGN TRADE
AND EX-OFFICIO ADDITIONAL SECRETARY
TO THE GOVT. OF INDIA

(Issued from File No. 01/92/180/45/AM 09/PC VI)

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