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[DGFT] Implementation Of Target Plus Scheme (As Per Supreme Court Decision Dt. 27.10.2015)

Directorate General of Foreign Trade, Notification No. 06/2015-2020, dated 08th May, 2017

S.O.(E) In exercise of the powers conferred by Section 5 of the Foreign Trade (Development and Regulation) Act, 1992, as amended, read with Para 1.02 of the Foreign Trade Policy, 2015-2020 and in consequent to the decision of the Hon'ble Supreme Court dated 27.10.2015 in CA No.554 of 2006 the Central Government hereby makes the following amendments in the Target Plus Scheme for the exports effected during 01.04.2005 to 31.03.2006, of the Foreign Trade Policy (FTP) 2004-09 as amended from time to time:

1. The Clause 7 of Notification No.48 (RE 2005)/2004-2009 dated 20.02.2006 is amended to read as below:

"This will take effect for exports from 20.02.2006"


2. The Notification No.08 (RE 2006)/2004-2009 dated 12th June 2006 and Notification No. 20 (RE 2006)/2004-2009 dated 13th July 2006 are hereby rescinded ab-initio,

Effect of this Notification: The Target Plus Scheme is implemented as per the decision of the Hon'ble Supreme Court dated 27.10.2015 in CA No.554 of 2006.





Related:

(1) Trade Notice No.07/2018 dated 08.05.2017 - Implementation of the Hon`ble Supreme Court`s Judgment dated 27th Oct 2015 in Civil Application No. 554 of 2006 with regard to recovery of Duty Free Credit Entitlement (DFCE) Scheme Scrips for the exports made in the year 2003-04.

(2) Trade Notice No.06/2018 dated 08.05.2017 - Implementation of the Hon`ble Supreme Court`s Judgment dated 27th Oct 2015 in Civil Application No. 554 of 2006 with regard to Target Plus Scheme (TPS) Scrips for the exports made in the year 2005-06 over 2004-05.

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