HB Vol.1 amended - DES, BG, EPCG, Certification agency - DGFT - 53 /(RE-98)/1997-2002

HB Vol.1 amended - DES, BG, EPCG, Certification agency Public Notice No.53/(RE-98)/1997-2002 Dated 06-11-98 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 31.3.97, the Director General of Foreign Trade hereby makes following amendment in the Handbook of Procedures (Vol.1) (RE-98), 1997-2002: 1. The following shall be added at the end of paragraph 7.28B. "However, for value wise shortfall in export obligation, the licence holder shall, for the regularisation surrender to the licensing authority Special Import Licence of a value equivalent to four times the CIF value of imports on prorata basis". 2. The following shall be added after the word Public Sector Undertaking at the end of paragraph 4.24: "Manufacturer exporter registered with excise authority with export of Rs.1 crore and above in preceeding year and who has not been penalised under the Customs Act, Excise Act, Foreign Trade (Development and Regulation) Act, 1992 and FERA". 3. The following shall be added at the end of paragraph 6.7(i): "However, such cases shall not be required to be put up before the EPCG scheme Committee as stated in paragraph 6.8. The concerned licensing authority shall issue EPCG licences based on the No Objection Certificate produced from the concerned Development Commissioner. 4. The following new entries shall be added in as agencies in Appendix 51-A for issuance of Certificate of Origin (non preferential) as per Annexure A enclosed. 5. The following shall be added after the column No. VI in Appendix 16A as S.No. VI (i). VI (i) FOB VALUE OF EXPORTS (1$ = Rs.) Rupees (lakhs) US$ (Thousand) 1st year 2nd year 3rd year 4th year 5th year Total 6. The following shall be added after the column No. XI in Appendix 16A as S.No. XI(i). XI(i) EXPORT OBLIGATION ON SOFTWARE UNITS The export obligation on the software units on net foreign exchange terms on US dollar value will be as follows: Export obligation = 1.5 x CIF value of the HW imported including software + 1.5 x wage bill. Notes: The obligation on the hardware (HW) part will be fulfilled over a period of four years. The obligation is also applicable on the software imported. The obligation on the wage bill is on annual basis. Net Foreign Exchange for this purpose is governed by the definition given in the Software Policy announced in 1986 which states: "Net Foreign Exchange earned for this purpose is defined as foreign exchange inflow as a result of software exports less foreign exchange outflow on account of expenditure other than initial hardware and/or software imports. This issues in public interest. Sd/- (N.L.Lakhanpal) Director General of Foreign Trade (F.No. 01/94/180/243/AM99/Pol.IV) Annexure A ANDHRA PRADESH 1. All India Crochet Lace Exporters Association Narsapur, West Godavari, A.P - 534275 BANGALORE 1. Central Silk board CSB complex, B.T.M.Layout, Madivala, Bangalore - 560068 GUJARAT 8. Shri Sortha Chamber of Industry "Opposite Port Office" Vakhariay Bazar, Veraval, Gujarat-362265 9. Ferderation of Gujarat Industries, Federation Building, RC Dutt road, Baroda, Gujarat-390007 HARYANA 1. Faridabad industries Association Bata Chowk, industrial area, Faridabad - 121001 KERALA 4. Ernaculam Chamber of Commerce, P.B.No.2530, Chamber corner, Shanmugham road, Ernaculam -682 031 5. Cochin Chamber of Commerce Industry, P.NB.No.503, Bristow Road, Willington Island, Cochin 682 003 6. Indian Chamber of Commerce and industry, P.B.No. 236, Kottukulam Road, Cochin- 682 003 7. Malbar Chamber of Commerce Chamber house, Cherooty Road, P.B.No.1113, Calicut: 673032 KARNATAKA 2. Belagum Chamber of Commerce Industry, Udyambad, khanpur road, Plot No. 48-49, Balagum- 590008 PONDICHERRY 1. Chamber De Commerce 1, Rue Suffren, P.B.No.39, Pondicherry - 605001 PUNJAB 1. Chamber of industrial Commercial undertaking, Gill road, Ludhiana - 141 003 RAJASTHAN 3. Rajasthan Chamber of Commerce Industry, Rajathan Chamber bhawan, M.I.Road, Jaipur - 302003 TAMILNADU 6. Chamber of Commerce The palace road, Trissur - 680020 UTTAR PRADESH 4. Avadh Chamber of Commerce Industry, Harbahram Kripa Devi Trust Building, Charbagh, Lucknow: 226004 5. Associated Chamber of Commerce Industry of Uttar Pradesh C-107, Indira Nagar, Lucknow- 226 016 (for a period of one year only) West Bangal 8. Merchant Chamber of Commerce 15-B, Hemanta basu Sarani, Calcutta-1