Search Global Export Import Trade Data
Recent Searches: No Recent Searches

SEZ Glossary Words and Definitions.

SEZ Exim words Definitions

Exim wordsDefinitions
Applicant The person on whose behalf the application is made and shall, wherever the context so requires, include the person signing the application.
BOA The Board of Approval as notified by the Department of Commerce.
Capital Goods Any plant, machinery, equipment or accessories required for manufacture or production, either directly or indirectly, of goods or for rendering services, including those required for replacement, modernisation, technological upgradation or expansion. Capital goods also include packaging machinery and equipment, refractories for initial lining, refrigeration equipment, power generating sets, machine tools, catalysts for initial charge, equipment and instruments for testing, research and development, quality and pollution control. Capital goods may be for use in manufacturing, mining, agriculture, aquaculture, animal husbandry, floriculture, horticulture, pisciculture, poultry, sericulture and viticulture as well as for use in the services sector.
Competent Authority An authority competent to exercise any power or to discharge any duty or function under the Act or the Rules and Orders made thereunder or under this Policy.
Component One of the parts of a sub-assembly or assembly of which a manufactured product is made up and into which it may be resolved. A component includes an accessory or attachment to the component.
Consumables Any item, which participates in or is required for a manufacturing process, but does not necessarily form part of the end-product. Items, which are substantially or totally consumed during a manufacturing process will be deemed to be consumables.
Consumer Goods Any consumption goods, which can directly satisfy human needs without further processing and includes consumer durables and accessories thereof.
Counter Trade Any arrangement under which exports/imports from/to India are balanced either by direct imports/exports from the importing/exporting country or through a third country under a Trade Agreement or otherwise. Exports/Imports under Counter Trade may be carried out through Escrow Account, Buy Back arrangements, Barter trade or any similar arrangement. The balancing of exports and imports could wholly or partly be in cash, goods and/or services.
Developer A person or body of persons, company, firm and such other private or government undertaking, who develops, builds, designs , organises, promotes, finances, operates, maintain or manages a part or whole of the infrastructure and other facilities in the Special Economic Zones as approved by the central Government.
Development Commissioner The Development Commissioner of the Special Economic Zone.
DFRC Duty Free Replenishment Certificate.
Domestic Tariff Area Area within India which is outside the Special Economic Zones.
Drawback Relation to any goods manufactured in India and exported, means the rebate of duty chargeable on any imported material or excisable material used in the manufacture of such goods in India. The goods include imported spares, if supplied with capital goods manufactured in India.
EHTP Electronic Hardware Technology Park.
EOU Export Oriented Unit.
Excisable goods Any goods produced or manufactured in India and subject to a duty of excise under the Central Excise and Salt Act 1944 (1 of 1944).
Exporter A person who exports or intends to export and holds an Importer-Exporter Code number unless otherwise specifically exempted.
Export Obligation The obligation to export the product or products covered by the licence or permission in terms of quantity, value or both, as may be prescribed or specified by the licensing or competent authority.
Handbook (Vol.1) The Handbook of Procedures (Vol.1) and "Handbook (Vol.2)" means Handbook of Procedures (Vol.2) published under the provisions of the paragraph 2.4 of the Policy.
Importer A person who imports or intends to import and holds an Importer-Exporter Code number unless otherwise specifically exempted.
Infrastructure facilities Industrial, commercial and social infrastructure or any other facility for the development of the Special Economic Zone as notified.
ITC(HS) ITC(HS) Classifications of Export and Import Items Book.
Jobbing Processing or working upon of raw materials or semi-finished goods supplied to the job worker so as to complete a part or whole of the process resulting in the manufacture or finishing of an article or any operation which is essential for the aforesaid process.
Licensing Authority The authority competent to grant a licence under the Act/Order.
Licensing Year The period beginning on the 1st April of a year and ending on the 31st March of the following year.
Manufacture To make, produce, fabricate, assemble, process or bring into existence, by hand or by machine, a new product having a distinctive name, character or use and shall include processes such as refrigeration, re-packing, polishing, labelling. Re-conditioning repair, remaking, refurbishing, testing calibration, re-engineering. Manufacture, for the purpose of this Policy, shall also include agriculture, aquaculture, animal husbandry, floriculture, horticulture, pisciculture, poultry, sericulture, viticulture and mining.
Manufacturer Exporter A person who export goods manufactured by him or intends to export such goods.
MAI Market Access Initiative
Merchant Exporter A person engaged in trading activity and exporting or intending to export goods.
NFEP Net Foreign Exchange Earning as a percentage of exports.
Notification A notification published in the Official Gazette.
Order An Order made by the Central Government under the Act.
Part An element of a sub-assembly or assembly not normally useful by itself and not amenable to further disassembly for maintenance purposes. A part may be a component or an accessory.
Person An individual, firm, society, company, corporation or any other legal person.
Policy The Export and Import Policy, 2002-07 as amended from time to time.
Prescribed Prescribed under the Foreign Trade (Development and Regulation) Act, 1992 (No. 22 of 1992) or the Rules or Orders made thereunder or under this Policy.
Public Notice A notice published under the provisions of paragraph 2.4 of the Policy.
Raw material (i) basic materials which are needed for the manufacture of goods, but which are still in a raw, natural, unrefined or unmanufactured state; and
(ii) for a manufacturer, any materials or goods which are required for his manufacturing process, whether they have actually been previously manufactured or are processed or are still in a raw or natural state.
Registration-Cum-Membership Certificate (RCMC) means the certificate of registration and membership granted by an Export Promotion Council or other competent authority as prescribed in the Policy or Handbook (Vol.1).
Rules Rules made by the Central Government under Section 19 of the Act.
Services All the tradable services covered under General Agreement on Trade in Services and earning free foreign exchange.
Service Provider A person providing
(i) Supply of a ‘service’ from India to any other country;
(ii) Supply of a ‘service’ from India to the service consumer of any other country in India; and
(iii) Supply of a ‘service’ from India through commercial or physical presence in the territory of any other country.
(iv) Supply of a ‘service’ in India relating to exports paid in free foreign exchange.
SEZ Special Economic Zone notified by the Ministry of Commerce & Industry, Department of Commerce.
Ships All types of vessels used for sea borne trade or coastal trade and shall include second hand vessels.
SION Standard Input Output Norms notified by DGFT in the Handbook (Vol.2), 2002-07/approved by Board of Approval.
Spares A part or a sub-assembly or assembly for substitution, that is ready to replace an identical or similar part or sub-assembly or assembly. Spares include a component or an accessory.
Specified Specified by or under the provisions of this Policy.
Status holder An exporter recognised as "Export House/Trading House by DGFT/ Development Commissioner or Star Trading House/ Super Star Trading House" by the Director General of Foreign Trade.
STP Software Technology Park
Third-party exports Exports made by an exporter or manufacturer on behalf of another exporter(s). In such cases, shipping bills shall indicate the name of both the exporter/manufacturer and exporter(s).
Unit Approval Committee The Committee notified for Special Economic Zones to consider proposals on matters relating to Special Economic Zone unit under its jurisdiction.
Wild Animal Any wild animal as defined in Section 2(36) of the Wildlife (Protection) Act, 1972.
Zone Development Board The Zone Development Board notified for Special Economic Zones to consider matters relating to development, operation and maintenance of SEZs.

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Exim Help

What is New?

Date: 30-10-2021
Notification No. 78/2021-Customs (N.T.)
Seeks to amend Sea Cargo Manifest and Transhipment Regulations 2018.

Date: 13-10-2021
Notification No. 48/2021-Customs
Seeks to reduce BCD on crude and refined soya, sunflower and palm oils till 31.03.2022

Date: 13-10-2021
Notification No. 49/2021-Customs
Seeks to reduce AIDC on crude soya, sunflower and palm oils till 31.03.2022

Date: 07-10-2021
Notification No.80/2021 - Customs (N.T.)
Exchange rates Notification No.80/2021-Cus (NT) dated 07.10.2021.

Date: 07-10-2021
Notification No. 35/2015-2020
Relaxation in Export Policy of Red Sanders Wood - regarding

Date: 06-10-2021
Public Notice No. 21/2015-20
Implementation of MoU between Government of Republic of India and Government of Republic of Malawi for import of pigeon peas from Malawi - reg.

Date: 05-10-2021
Instruction No. 21/2021-Customs
Submission of Intimation of Arrest Report & Incident Report.

Date: 04-10-2021
Notification No. 34/2015-2020 – DGFT
Amendment in Export Policy of Syringes and incorporation of Policy Condition.

Date: 04-10-2021
Public Notice No. 27/2015-2020-DGFT
Allocation of quantity of 5841 MT (raw/refined) Sugar to EU under TRQ scheme for the year 2021-22

Date: 04-10-2021
Notification No. 59/2021-Customs (ADD)
seeks to extend anti dumping duty on 'ceramic tableware and glassware' originating in or exported from Malaysia, to prevent the circumvention of anti dumping duty levied on subejct goods originating in or exported from China PR vide Notification No. 4/2018-Customs(ADD) dated 21st February, 2018.

Exim Guru Copyright © 1999-2021 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.


C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001