| Date: |
03-11-1998
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| Notification No: |
DGFT Notification No 29/1998
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| Issuing Authority: |
DGFT
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| Type: |
Notification
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| File No: |
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| Subject: |
Amendments in Exim Policy
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Amendments in Exim Policy
Notification
No. 29 dated 3rd November 1998
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 13.4.98), the Central Government hereby makes following amendments in
the Export and Import Policy, 1997-2002: (incorporating
amendment made upto 13.4.98):
The
following may be added at the end of paragraph 11.2:
�In exercise of powers conferred under paragraph 11.2, Central
Government hereby allows export contracts and Invoices to be denominated in
Indian rupees against EXIM bank line of credit�.
Paragraph
10.2 (h) shall be amended to read
as under:
"Supply
of marine freight containers by 100% EOU
(domestic freight containers-manufacturers) provided the said
containers are exported out of India within 6 months or such further period as
permitted by the Customs."
This issues in public
interest.
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