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Foreign Trade Procedures 2008-2009 - Directorate General of ...

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CHAPTER-1INTRODUCTIONNotification 1.1 In pursuance <strong>of</strong> the provisions <strong>of</strong> paragraph 2.4 FTP, the Director<strong>General</strong> <strong>of</strong> <strong>Foreign</strong> <strong>Trade</strong> (DGFT) hereby notifies the compilationknown as HBP v1, HBP v2 and Schedule <strong>of</strong> DEPB rates. Thesecompilations, as amended from time to time, shall remain in forceuntil 31st March, <strong>2009</strong> except DEPB scheme which shall continueto be operative till May <strong>2009</strong>.Objective 1.2 Objective is to implement provisions <strong>of</strong> FT (D&R) Act, Rulesand Orders made thereunder and FTP (2004-09) by laying downsimple, transparent and EDI compatible procedures which areeasy to comply with and administer, for efficacious management<strong>of</strong> foreign trade.Definition 1.3 For purpose <strong>of</strong> this Handbook, definitions and glossary containedin FT (D&R) Act, Rules and Orders made thereunder and theFTP (2004-09) shall apply.11

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