9911796707
TMI BlogMajor Amendments in EXIM Policy -Measuring to facilitate ExportX X X X Extracts X X X X X X X X Extracts X X X X ..... to read as 'paragraph 4.15'. 3. The following shall be added after the table given in paragraph 6.11 (b): (c) The licence holder under Zero duty EPCG Scheme for agriculture and allied sectors as given in paragraph 6.2 of the Policy 1997-2002 shall fulfilled the export obligation over the specified period in following proportions. Period from the date of issue export licence Proportion of total obligation Block of 1st and 2nd Year 15% Block of 3rd and 4th Year 35% Block of 5th and 6th Year 50% 4. Paragraph 6.12 shall be substituted by the following: - The licence holder shall submit to the licensing authority, report o the progress made in fulfilment of export obliga ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 8.11, 8.21 and 8.79 after the worlds 'licensing authority concerned' 12. In paragraph 8.32 (i) after the words 'may be given' the expression 'to the licensing authority concerned as given in Appendix-29' shall be added. 13. The following shall be added at the end of paragraph 8, 78: "However, if the EOU/EPZ units make repayment of gold taken on loan basis within a period of 60 days from the date of issue of gold on loan basis, the unit has to fulfill the export obligation against such gold within a maximum period of 150 days from the date of release of gold on loan basis. 14. The words and expression paragraph 10.2(b)(d) (e) (f) and (g) appearing in paragraph 10.4 may be substituted by paragraph 10.2 (b) (d) (e) and (f) 15. The l ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... h 12.8: 'The exporters who were holding recognition certificates for the period 1996-97 under Export Import Policy 1992-97 and have also obtained recognition certificate under the current Policy have an option to claim SIL based on exports made during proceeding licensing year subject to following conditions: (a) The irrevocable option shall be exercised at the time of filing the application for, recognition which shall be endorsed on the certificate at the time of its issuance; (b) The exports made prior to 1st April 1997 shall be entitled for SIL in accordance with the provisions contained in Export Import Policy 1992-97 and in accordance with the rate and procedure prescribed in Handbook of Procedure (Vol.1 ) 1992-97; (c) Applic ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... RCMC duly attested by Partner/Proprietor/Director.' 30.In SI No (a) (i) of Appendix 1 O-A, the word '15% EPCG Scheme' shall be substituted by '10% EPCG Scheme' 31. The paragraphs (i) to (ix) appearing after 'Declaration/undertaken' given in Appendix 10-A and 10-B shall be deleted and consequently, SI No (x) to (xv) shall be renumbered as (i) to (vi). 32. In SI No. 5 of Appendix 11-A, the following shall be added after the word 'manufacturer/supporting manufacturer: (of proceeding three licensing years duly certified by the Chartered Accountant Cost and Work Accountant) 33. The word 'Duty Exemption Pass Book' appearing in heading of Appendix 11-C and 11-D shall be corrected to read as 'Duty Entitlement Pass Book'. 34. In Appendix ..... X X X X Extracts X X X X X X X X Extracts X X X X
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