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Amendments in Exim Policy
Notification
No. 5 dated 30th April 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
word and expression `basic custom duty� appearing in the third sentence of
paragraph 7.25 shall be replaced by the word and expression `basic custom duty
and special customs duty�.
The
second sentence of paragraph 7.32 shall be amended to read as follows:
"The transfer of DEPB shall, however, be for import at the port
specified in the DEPB which shall be the port from where exports have been
made".
The
last sentence of paragraph 9.5 shall be amended to read as follows:
"Notwithstanding the above, electronic hardware units shall be
allowed to be set up without stipulation of a minimum NFE earning as a
percentage of exports/export obligation"
This issues in
public interest.
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