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Date: 19-04-1999
Notification No: DGFT Notification No 5/1999
Issuing Authority: DGFT  
Type: Notification
File No:
Subject: Amendments in Exim Policy
Amendments in Exim Policy

Notification No. 5 dated 19th April 1999

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 31.3.99), the Central Government hereby makes following amendments in the Export and Import Policy, 1997-2002:  (incorporating amendment made upto 31.3.99):

  1. The main heading of chapter 4 shall be corrected to read as "GENERAL PROVISIONS REGARDING EXPORTS AND IMPORTS�.

  2. The words and expression �HS Classification of Exports and Import items� appearing after the words and expression � ITC (HS) Classifications of Export and Imports items� in paragraph 4.1 and 4.10 shall stand deleted.

  3. The table given under paragraph 6.2 shall be corrected to read as under:

Customs Duty

Export Obligation

Period

FOB Basis

NFE Basis

10%

4 times CIF value of capital goods

Not applicable

5 years

Zero duty  (in case CIF value is Rs.20 cr. or more)

6 times CIF value of capital goods

5 times CIF value of capital goods

8 years

a) Zero duty in case CIF value is Rs.1 Cr. or more for electronics, food processing, textiles, plastic leather, sports goods, gem & Jewellery sectors and produce and products of agriculture, aquaculture, animal Husbandry, floriculture, horticulture, pisciculture, viticulture, poultry, Sericulture.

Bio-technology sector, the following sub�sectors of Engineering sectors;

Machine tools, parts & accessories thereof; automotive components and accessories; bicycle parts and accessories; hand tools, cutting and small tools; castings and forgings  (ferrous and non-ferrous) all sorts; pumps, electric motors and parts thereof, fasteners, all types  (ferrous and non-ferrous); bright bars and shafting; scientific and surgical instruments and the following sub sectors of chemicals;

Drug and drug intermediates, Dyes and Dyes intermediate, inorganic chemicals, organic chemicals

(b) Zero duty in case CIF value is Rs.10 lakhs or more for Software sector

6 times CIF value of Capital goods

 

 

 

 

 

 

 

 

 

6 times CIF value of capital goods

5 times CIF value of Capital goods

 

 

 

 

 

 

 

 

 

5 times CIF value of capital goods

6 years

 

 

 

 

 

 

 

 

 

 

 

6 years

 

  1. The word �average� appearing in second sub paragraph 7.4A shall stand deleted.

This issues in public interest.

       

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