EOUs/EPZ/EHTP- Minimum export performance prescribed - 18/1998 - Foreign Trade Policy

EOUs/EPZ/EHTP- Minimum export performance prescribed Notification No. 18/1998 Dated 02/09/1998 In exercise of the 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 amendments made upto 13-4-98), the Central Government hereby makes the following amendments in the Export and Import Policy, 1997-2002 (incorporating amendments made upto 13/04/98) 1. The following amendment shall be made in Appendix -I APPENDIX - 1 Minimum NFEP Requirement and Report performance required under the Eou/Epz/Ehtp Scheme (Paragraph 9.5 of the Policy) Name of the Sector Minimum NFEP Minimum Export performance for five years I. Electronics a.Computer Software 30% 1.5 times the CIF value of imported capital goods plus 1.5 times the annual wage bill b.Hardware No minimum stipulation US$ 3.5 million or 5 times the CIF value of imported capital goods whichever is higher. II. Gems And Jewellery a.Studded gold /platinum / articles thereof 15% --do-- b.Plain gold / platinum silver jewellery and articles thereof 10% --do-- c.Gold / platinum / silver unstudded chains manufactured by fully mechanised process. 3% --do-- III. Textile And Garments a.Readymade garments b.Made Ups c.Cotton Yarn and Cotton Polyester Yarn (Open and Spinning) d.Cotton Yarn and Cotton Polyester Yarn (Ring Spindles Spun) e.Piece Goods f.Denim Fabrics g.Terry Towels h.Silk Fabrics i.Silk and high fashion garments 30% US$ 3.5 million or 5 times the CIF value of imported capital goods whichever is higher. IV. Leather Products a.Leather Footwear b.Leather Shoe Uppers c.Leather Garments /goods d.Sports Shoes /Sports Footwear 30% --do-- V. Granites 30% --do-- VI. Bio Technolog Positive NFEP US$ 0.50 million VII. Others a.Latex Gloves b.Clocks / Time pieces /Wrist Watches c.Cigarettes d.Cigarettes Lighters e.Bristles, including brushes f.Tissue culture plants 30% US$ 3.5 million or 5 times the CIF value of imported capital goods whichever is higher. VIII. Products not covered 20% US$ 3.5 million or 5 times above the CIF value of imported capital goods whichever is higher. 2.Paragraph 9.9(c) should be amended to read as follows:- "However, an EOU / EPZ unit in agriculture, acquaculture, animal husbandry, bio-technology, floriculture, horticulture, pisciculture, poultry, viticulture and sericulture may, in accordance with the DTA sale guidelines notified in this behalf, self upto 50% of the production in value terms in the DTA subject to positive net foreign exchange earning". This issues in public interest Sd/- (N.L. Lakhanpal) Director General of Foreign Trade and ex-officio Additional secretary to the Government of India