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Export of Goods and Services
A.P.
(DIR Series) Circular No. 33 dated 23rd October 2002
Attention
of authorised dealers is invited to A.P. (DIR Series) Circular No. 6 dated
September 24, 2001 and A.P. (DIR Series) Circular No. 2 dated July 4, 2002 in
terms of which manufacturer exporters/ merchants exporters/ traders of certain
products and having export contracts of Rs. 100 crore and above in value terms
in one year, have been allowed a period upto 365 days from the date of shipment
for realisation and repatriation of full value of the export of products
specified therein.
2.
On review, it has been decided to extend this facility for realisation of
export proceeds upto 365 days from the date of shipment, for a further period of
one year i.e. for shipment of the products listed in the Annexure made
upto September 30, 2003.
3.
Authorised Dealers may please bring the contents of this circular to the
notice of their constituents concerned.
4.
The directions contained in this circular have been issued under Section
10(4) and section 11(1) of the Foreign Exchange Management Act, 1999 (42 of
1999).
ANNEXURE
PRODUCTS
ELIGIBLE FOR EXPORTS WITH EXTENDED PERIOD OF REALISATION BY MANUFACTURER
EXPORTERS/ MERCHANT EXPORTERS/ TRADERS
1.
Pharmaceuticals (including Drugs, Fine Chemicals)
2.
Agro-chemicals (including Inorganic and Organic Chemicals)
3.
Transport Equipment (including Commercial Vehicles, Two and Three
Wheelers, Tractors, Railway Wagons, Locomotives)
4.
Cement (including Glass, Glassware, Ceramic and Refractories)
5.
Iron & Steel (including Iron & Steel Bars/ Rods and Primary and
Semi-finished Iron & Steel)
6.
Electrical Machinery (including Transmission Line Towers, Switch gear,
Transformers)
7.
Leathers and Leather Products
8.
Textiles
9.
Products of Aluminium
10.
Petroleum Products
11.
Sugar
12.
Foodgrains
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