| Date: |
24-08-1998
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| Notification No: |
DGFT Public Notice No 32/1998
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| Issuing Authority: |
DGFT
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| Type: |
Public Notice
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| File No: |
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| Subject: |
Gems and Jewellery Scheme
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Gems and Jewellery Scheme
Public Notice No. 32 dated 24th August 1998
In exercise of powers conferred under Paragraph 4.11 of the Export and Import Policy, 1997-2002, as notified in the Gazette of India extraordinary, Part-II Section 3 - Sub-Section (ii) vide S.O.No. 283(E) dated 31.3.1997 the Director General of Foreign Trade hereby makes the following amendments in the Hand-Book of Procedures (Vol.1), 1997-2002:
1. Paragraph 8.19 of the Hand-Book of Procedures (Vol.1), 1997-2002 shall be amended to read as follows:
"The Licensing Authority may grant extension in export obligation period for a period of four months against one or more consignment/ sight on payment of penalty of 1% on the unfulfilled fob value of export obligation with reference to cif value of the imports made for which extension is being sought. Any request for extension beyond a period of four months can be considered only by a Committee headed by Director General of Foreign Trade.
2. This issues in public interest.
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