| Date: |
24-12-1999
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| Notification No: |
DGFT Notification No 42/1999
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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 due to Super Cyclone in Orissa
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Amendments in Exim Policy due to Super Cyclone in Orissa
Notification No. 42 dated 24th
December 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).
All
Export House, Trading House, Star Trading House and Super Star Trading House,
affected by the super cyclone in Orissa, who have been granted recognition
during or prior to AM99-2000 and have become eligible for renewal of status
during AM2000-AM2001, shall be granted recognition status automatically
irrespective of their export performance during 1999-2000 as prescribed under
paragraph 12.5 of the Policy.
Similarly, units affected by the super cyclone, while applying for
recognition in 2000-2001, shall be required to achieve the average export
performance on the basis of either on FOB value or NFE value of exports made
during 1998-99 or on the average FOB value of exports or NFE value of exports
made during 1997-98 and 1998-99.
This issues in public
interest.
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