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REGD. NO. D. L.-33004/99
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EXTRAORDINARY
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PART I—Section 1
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PUBLISHED BY AUTHORITY
la- 10]
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NEW DELHI, WEDNESDAY, JANUARY 8, 2014/PAUSHA 18, 1935
94 GI/2014
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MINISTRY OF COMMERCE AND INDUSTRY
(Department of Commerce)
(DIRECTORATE GENERAL OF FOREIGN TRADE)
PUBLIC NOTICE
New Delhi, the 8th January, 2014
No. 47 (RE-2013)/ 2009-2014
Subject : Processing of claims where an exporter gets
payment by Insurance Agencies (not through
banks).
F. No. 01/93/180/40/AM-14/PC-2(B).—In exercise
of the powers conferred under Paragraph 2.4 of the
Foreign Trade Policy, 2009-14, the Director General of
Foreign Trade hereby makes the following amendment in
paragraph 2.25.2 of the Handbook of Procedures (Vol. I)
2009-14 with immediate effect :
2
THE GAZETTE OF INDIA : EXTRAORDINARY
[PART I—SEC. 1]
Printed by the Manager, Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.
2. After para 2-25-2 of HBP (Vol.I) two new
sub-para 2-25-2(a) & (b) are being added. The new Paras
shall read as under :
‘‘2-25-2 (a) An applicant realizing export proceeds through
Insurance Agency will approach the concerned
RA with the proof of payment issued by the
concerned Insurance Agency. RA after
satisfying itself of the bona fide of the claim will
obtain approval of Additional DGFT (EDI) and
then will upload the valure (in lieu of eBRC
value) in EDI system of DGFT for processing of
the case.
(b) If the proof of payment issued by the
Insurance Agency mentions claim value both
in foreign exchange and INR, RA will use the
foreign exchange value for processing. If the
claim value is mentioned only in equivalent INR,
RA will convert this INR value in equivalent
US$ using the exchange rate (published by
CBEC) applicable on the date of settlement of
insurance claim”.
Effect of this Public Notice: A procedure for
processing of claims in respect of realization of export
proceeds through insurance agency is being introduced.
ANUP K. PUJARI, Director General of Foreign Trade