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Amendments in Exim Policy 2002 - 2007
Notification
No. 3 dated 1st May 2002
In
exercise of powers conferred by Section 5 of the Foreign Trade (Development and
Regulation) Act, 1992 (No. 22 of 1992) read with paragraph 1.1 of the Export and
Import Policy, 2002-07, the Central Government hereby amends/ corrects the
Export and Import Policy, 2002-07 as under:
1)
Paragraph
2.21 is corrected as under:
�New or second hand capital
goods, equipments, components, parts and accessories, containers meant for
packing of goods for exports, jigs, fixtures, dyes and moulds may be imported
for export without a licence/ certificate/ permission on execution of Legal
Undertaking/ Bank Guarantee with the Customs Authorities.
2)
Paragraph 2.34 is
corrected as under:
Third party exports, as defined in paragraph 9.55 shall be allowed under
the Policy.
3)
Paragraph 3.7.4 is
corrected as under:
�The status certificates
expiring on 31st March, 2002 along with the erstwhile Golden status
certificates shall be deemed to have been extended upto 31st March,
2004. However, further renewal shall be granted on achieving the threshold limit
prescribed in the Policy.�
4)
Paragraph 4.2.1 is
corrected as under:
�DFRC shall be issued on a
minimum value addition of 33% except for the gems and jewellery sector for which
value addition as given in paragraph 4.56.1 of the Handbook (Vol 1) shall be
applicable.�
5)
The following sentence is
added at the end of para 7.1 (c):
�Units for generation/
distribution of power may also be set up in the SEZs�
6)
Paragraph 7.8 (c) (i) is
corrected as under:
�Supplies effected in DTA in
terms of paragraph 8.2 of the Policy.�
7)
Paragraph 7.9(a)(II)
(iii) is corrected as under:
�Reimbursement of Central
Excise duty paid on bulk tea procured from the licensed auction centres by the
Development Commissioner of concerned Zone so long as levy on bulk tea in this
regard is in force.�
8)
A sub para is added at the end of paragraph 8.2 as under:
The benefits of deemed exports
shall be available under paragraph (d), (e), (f) and (g) only if the supply is
made under the procedure of International Competitive Bidding (ICB).
9)
The definition of status
holder as given in paragraph 9.53 is corrected as under:
�Status holder means an
exporter recognized as Export House/ Trading House/ Star Trading House/ Super
Star Trading House by the Director General of Foreign Trade.�
This
issues in public interest.
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