| Date: |
26-11-1998
|
| Notification No: |
DGFT Notification No 33/1998
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| Issuing Authority: |
DGFT
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| Type: |
Notification
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| File No: |
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| Subject: |
Amendments in Exim Policy
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|
Amendments in Exim Policy
Notification
No. 33 dated 26th November 1998
In exercise of powers conferred by section 5 of the
Foreign Trade (Development and
Regulation) Act, 1992 (No. 22 of
1992) read with paragraph 1.3 of the Export and Import Policy, 1997-2002
(incorporating amendment made upto 13.4.98), the Central Government
hereby makes following amendments in the Export and Import Policy, 1997-2002:
(incorporating amendment made upto 13.4.98):
The following may be added as paragraph 12.12B after
paragraph 12.12A:
�Hotels, Travel agents, Tour operators,
Tourist transport operators shall be entitled for recognition as Export House/
Trading House/Star Trading House/Super Star Trading House on earning free
foreign exchange as per table given below:
|
Category
|
Average
free foreign exchange earning during the preceding three licensing years,
in Rupees
|
Free
foreign exchange earning during the preceding licensing year, in Rupees
|
Average
net free foreign exchange earned made during the preceding three licensing
years, in Rupees
|
Net
free foreign exchange made during the preceding licensing year, in Rupees
|
|
(1)
|
(2)
|
(3)
|
(4)
|
(5)
|
|
EXPORT HOUSE
|
6 crores
|
9 crores
|
5 crores
|
7 crores
|
|
TRADING HOUSE
|
30 crores
|
45 crores
|
25 crores
|
35 crores
|
|
STAR TRADING HOUSE
|
150 crores
|
230 crores
|
125 crores
|
180 crores
|
|
SUPER STAR TRADING HOUSE
|
450 crores
|
690 crores
|
370 crores
|
550 crores
|
Such Export House/Trading House/ Star Trading
House/ Super Star Trading House shall be entitled to such benefits as specified
in Chapter 12 of the Handbook of Procedures (Vol.1). However, the entitlement of SIL under Chapter 12
shall be calculated on the basis of payments received in free foreign exchange
instead of FOB value of exports.
This issues in public interest.
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