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42(RE- 2010)/2009-14,Dated 31.03.2011
Amendment in the Foreign Trade Policy, 2009-2014:
TO BE PUBLISHED IN THE GAZETTEE OF INDIA EXTRAORDINARY
PART – II, SECTION – 3, SUB SECTION (ii) GOVERNMENT OF INDIA MINISTRY OF COMMERCE AND INDUSTRY DEPARTMENT OF COMMERCE NOTIFICATION No. 42 (RE-2010)/2009-2014 NEW DELHI, THE 31st MARCH, 2011 S.O. (E) In exercise of powers conferred by Section 5 read with Section 3(2) of the Foreign Trade (Development & Regulation) Act, 1992 (No.22 of 1992) as amended in 2010, and also read with Para 1.3 and Para 2.1 of the Foreign Trade Policy, 2009-2014, (as amended from time to time), the Central Government hereby makes the following amendment in the Foreign Trade Policy, 2009-2014: Existing Para 2.1.3 of Foreign Trade Policy, 2009-14 shall be substituted as follows:- “2.1.3 Direct or indirect export and import of all items, materials, equipment, goods and technology which could contribute to Iran’s enrichment related, reprocessing or heavy water related activities, or to development of nuclear weapon delivery systems, including those mentioned below, whether or not originating in Iran, to/from Iran is prohibited: (i) items listed in INFCIRC/254/Rev.9/Part 1 and INFCIRC/254/Rev.7/Part 2 (IAEA Documents) (ii) items listed in S/2010/263 (UN Security Council Document) All the UN Security Council Resolutions/Documents and IAEA Documents referred to above are available on the UN Security Council website (www.un.org/Docs/sc) and IAEA website ( www.iaea.org).” 2. Purpose of the notification: This notification is being issued to amend Para 2.1.3 of the Foreign Trade Policy in order to harmonise provisions of the Policy with the United Nations Security Council (UNSC) Resolution 1929 by which additional sanctions have been imposed on Iran related to its nuclear and missile development programme |
All areas of taxation : Personal Tax, Corporate Tax. | Suggesting legal structure of business entities. | Transactional advisory - optimal deal structure | T
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