| Date: |
17-02-1998
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| Notification No: |
DGFT Notification No 38/1998
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| Issuing Authority: |
DGFT
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| Type: |
Notification
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| File No: |
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| Subject: |
Export of items imported under SIL permitted
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Export of items imported under SIL permitted
Notification
No. 38 dated 17th February 1998
In exercise of the
powers conferred by section 5 of the Foreign Trade (Development &
Regulation) Act, 1992 (SI. No.22 of 1992) read with paragraph 1.3 of the Export
and Import Policy, 1997-2002, the Central Government hereby makes the following
amendments in the Export and Import Policy, 1997-2002.
2.
The existing Paragraph 11.7 of the Export and Import Policy, 1997-2002
shall be amended to read as under:
"Goods
imported, in accordance with this Policy, may be exported in the same or
substantially the same form, without a licence provided that the item to be
imported or exported is not in the Negative list of Imports, except Items
Imported under Special Import Licence, or Negative List of Exports. Exports of
such goods imported against payment in freely convertible currency would be
permitted against payment in freely convertible currency. However, if such goods
are exported against payment in Indian rupees, they shall be subject to a
minimum value addition of 100% provided the item to be exported is not in the
Negative List of Imports, except items imported under Special Import Licence, or
Negative List of Exports."
3. This
issues in public interest.
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