GST India Solution

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

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Who We Are

GST India Solution is an effort of firm of professionals who welcome implementation of GST. This is an interactiveplatformthat aspires to disseminate right knowledge to professionals, practitioners and public at large. This platform has beenfloatedbya firm of Chartered Accountants relentlessly working in field of direct and indirect taxes since early 1985.

Why

Goods & Service Tax

Our core competence is statutory compliance, advisory, corporate tax planning and appellate matters of direct and indirect taxesandcorporate training sessions on GST.

The senior partner of the firm has to his credit several professional publications viz., Delhi Sales Tax Right to Use Goods Act, Delhi VAT, Maharashtra VAT, West Bengal VAT, Haryana VAT published by Taxmann. Madhya Pradesh VAT and Chhattisgarh VAT were published by Suvidha Law House, Bhopal. He has also addressed seminars on indirect taxes organized by professional bodies like ICAI, IMA, NIFM etc. and has also contributed articles on subjects of pro. . . . .