Policy Circular No. 70 dated 16^th March 1999

Attention is invited to the Notification No. 36 (RE-98)/1997-2002 dated 16^th December, 1998 exempting export to Maldives for a total quantity of 1,00,000MTs of Stone aggregate and 1,10,000MTs of river sand per annum.

In view of various representations received regarding monitoring of above quantity of Stone aggregate and river sand to Maldives, it has now been decided that the above ceiling shall be monitored by Chemicals and Allied Products Export Promotion Council  (CAPEXIL). The CAPEXIL will issue NOC each year to the extent of ceiling of Stone Aggregate and River sand prescribed above for export to Maldives. CAPEXIL in turn would send a quarterly report to Policy Cell III in the Directorate General of Foreign Trade regarding utilisation of the ceiling.