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EOUs/ EPZ/ EHTP - Minimum export performance prescribed
Notification
No. 18 dated 2nd September 1998
In exercise of the 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
amendments made upto 13-4-98), the Central Government hereby makes the following
amendments in the Export and Import Policy, 1997-2002 (incorporating amendments
made upto 13-4-98)
1.
The following amendment shall be made in Appendix -I
APPENDIX
- 1
Minimum
NFEP Requirement and Report performance required under the EOU/ EPZ/ EHTP Scheme
(Paragraph 9.5 of the Policy)
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Name
of the Sector
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Minimum
NFEP
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Minimum
Export performance for five years
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I.
Electronics
a.
Computer Software
b.
Hardware
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30%
No
minimum stipulation
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1.5
times the CIF value of imported capital goods plus 1.5 times the annual
wage bill
US$
3.5 million or 5 times the CIF value of imported capital goods whichever
is higher.
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II.
Gems And
Jewellery
a.
Studded gold / platinum / articles thereof
b.
Plain gold/ platinum silver jewellery and articles thereof
c.
Gold/ platinum / silver unstudded chains manufactured by fully mechanised
process
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15%
10%
3%
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-do-
-do-
-do-
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III.
Textile And Garments
a.
Readymade garments
b.
Made Ups
c.
Cotton Yarn and Cotton Polyester Yarn (Open and Spinning)
d.
Cotton Yarn and Cotton Polyester Yarn (Ring Spindles Spun)
e.
Piece Goods
f.
Denim Fabrics
g.
Terry Towels
h.
Silk Fabrics
i.
Silk and high fashion garments
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30%
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US$
3.5 million or 5 times the CIF value of imported capital goods whichever
is higher.
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IV.
Leather Products
a.
Leather Footwear
b.
Leather Shoe Uppers
c.
Leather Garments / goods
d.
Sports Shoes / Sports Footwear
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30%
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-do-
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V.
Granites
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30%
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-do-
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VI.
Bio Technology
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Positive
NFEP
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US$
0.50 million
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VII.
Others
a.
Latex Gloves
b.
Clocks/ Time pieces / Wrist Watches
c.
Cigarettes
d.
Cigarettes Lighters
e.
Bristles, including brushes
f.
Tissue culture plants
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30%
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US$
3.5 million or 5 times the CIF value of imported capital goods whichever
is higher.
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VIII.
Products not covered
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20%
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US$
3.5 million or 5 times above the CIF value of imported capital goods
whichever is higher.
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2.
Paragraph 9.9(c) should be amended to read as follows:
"However, an EOU/ EPZ unit in
agriculture, aquaculture, animal husbandry, bio-technology, floriculture,
horticulture, pisciculture, poultry, viticulture and sericulture may, in
accordance with the DTA sale guidelines notified in this behalf, self upto 50%
of the production in value terms in the DTA subject to positive net foreign
exchange earning".
This issues in public interest.
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