| Date: |
07-03-2003
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| Notification No: |
DGFT Public Notice No 68/2003
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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: |
Replenishment (REP) Licence for Import of Gold/ Silver/ Platinum in respect of Exports
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Replenishment (REP) Licence for Import of Gold/ Silver/ Platinum in
respect of Exports
Public
Notice No. 68 dated 7th March 2003
The
EXIM Policy 1997-2002 provided replenishment (REP) licence for import of gold/
silver/ Platinum in respect of exports made during that policy period. In the
EXIM Policy, 2002-2007 effective from 1.4.2002, this provision was discontinued
and instead a provision for procuring these items from the nominated agencies
was introduced. A transitional arrangement was also made for obtaining such
supplies from the nominated agencies even in respect of export made on or before
31.3.2002.
Based
on representation receive from the exporters, the time limit for obtaining
replenishment of gold/ silver/ platinum from the nominated agencies was extended
upto 31st December 2002. Representations have again been received
from exporters, MMTC as well as Gem and Jewellery Export Promotion Council to
extend the time limit.
The
matter has been considered. The Director General of Foreign Trade, in exercise
of power conferred under paragraph 2.4 of the Exim policy 2002-2007, has
permitted extension of the time limit for such exports effected on or before
31.3.2002 and effected under para 8.37 of the EXIM Policy 1997-2002 to obtain
replenishment from the nominated agencies by 31st March 2003. This is
the last and final extension and no further extension shall be considered
The
issues in Public interest.
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