| Date: |
05-10-1998
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| Notification No: |
DGFT Notification No 23/1998
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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. 23 dated 5th October 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
first sentence of paragraph 6.2 shall be amended to read as under:
"Capital
goods including jigs, fixture, dies and moulds may be imported at a
concessional rate of Customs duty subject to export obligation to be fulfilled
over a period of time as per table given below. In addition, spares upto 20%
of the CIF value of the capital goods may also be imported under the
scheme".
This issues in public
interest.
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