ITC (HS) - Exports of Carpets - BG for payment on D/A basis - DGFT - 41 /(RE PN)/1997-2002

ITC (HS) - Exports of Carpets - BG for payment on D/A basis Public Notice NO. 41/(RE PN)/1997-2002 DATED 11-9-1997 In exercise of the powers conferred under paragraph 4.11 of the export and import policy 1997-2002, the Director General of Foreign Trade hereby makes the following amendments in schedule 2 appendix 1 of the book title "ITC(HS)" classifications of export and import items 1997-2002. 2. In the entry appearing at serial No. 13 of schedule 2 appendix 1 of the book titled "ITC(HS) classification of export and import items 1997- 2002", the following shall be added after serial No. 13 as serial No. 13 (ii):- "13 (ii) Hand made woollen carpets Export on the basis of including other floor covering documents against like woollen durries, druggets, acceptance (D / A) shall gabbas namdhas. not be allowed unless backed by Bank Guaranttee." 3. The above condition shall however not apply for a period of 45 days from the date of issue of this Public Notice to enable the exporters to fulfill their export commitments made on plain D / A terms prior to issue of this Public Notice. 4. Exporters having their own subsidaries / trading companies / office-cum- warehouses, opened after due approval of RBI, shall be exempted from the conditions of the Public Notice subject to the fulfilment of RBI rules concerning the terms of payment. Sd/- (S.B.Mohanpartra) Director General of Foreign Trade