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Public/ Private Bonded Warehouses
Notification No. 37 dated 11th
October 2000
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 31.3.2000), the Central Government
hereby makes following amendments in the Export and Import Policy, 1997-2002
(incorporating amendment upto 31.3. 2000.
1.
The following shall be added at the end of paragraph 8.13(a):
"The
licence holders of Public/ Private Bonded Warehouses operating under paragraph
8.13 of EXIM Policy shall also be eligible to transact their business of import,
supply and re-export of rough diamonds through the designated Diamond Dollar
Account. Even for the Private/ Public Bonded Warehouses, the Scheme is optional
and if they wish to continue to use the Rupee Account, they shall be allowed to
do so under the existing EXIM Policy. The eligibility criteria mentioned above
for diamond firms and companies shall not be applicable in case of Private/
Public Bonded Warehouses".
2.
Paragraph 8.28 shall be amended to read as under:
"These
units may import their essential inputs for export production. They may also
source gold/ silver/ platinum of fineness not less than 0.995/ 0.999/ 0.900
respectively through the nominated agencies".
This issues in Public Interest.
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