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Implementation of Target Plus Scheme as per the decision of the Hon`ble Supreme Court dt. 27.10.2015 in CA No. 554 of 2006(Finance)

Updated on:8th May, 2017
Notification No. 06/2015-2020 New Delhi, O&th    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 Goverenent 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:  I.          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(RE 2006)/2004-2009  dated I 2^h June 2006 and Notification  No.20 (RE 2006)/2004-2009  dated 13th July 2006 are hereby rescinded ab-initio.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.
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