9911796707
TMI BlogDEFINITIONSX X X X Extracts X X X X X X X X Extracts X X X X ..... n premise which has a definitive postal address. (a) "Actual User (Industrial)" is a person (either natural & legal) who utilizes imported goods for manufacturing in his own industrial unit or manufacturing for his own use in another unit including a jobbing unit which has a definitive postal address. (b) "Actual User (Non-Industrial)" is a person (either natural & legal) who utilizes the imported goods for his own use in: (i) any commercial establishment, carrying on any business, trade or profession, which has a definitive postal address; or (ii) any laboratory, Scientific or Research and Development (R&D) institution, university or other educational institution or hospital which has a definitive postal address; or ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... to discharge any duty or function under the Act or the Rules and Orders made there under or under FTP. 9.10 "Component" means one of the parts of a sub-assembly or assembly of which a manufactured product is made up and into which it may be resolved. A component includes an accessory or attachment to another component. 9.11 "Consumables" means any item, which participates in or is required for a manufacturing process, but does not necessarily form part of end-product. Items, which are substantially or totally consumed during a manufacturing process, will be deemed to be consumables. 9.12 "Consumer Goods" means any consumption goods, which can directly satisfy human needs without further processing and inclu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... gital and electronic network. For the purposes of merchandise Exports from India Scheme (MEIS) e-commerce shall mean the export of goods hosted on a website accessible through the internet to a purchaser. While the dispatch of goods shall be made though courier or postal mode as specified under the MEIS the payment for goods purchased on e-commerce platform shall be done through international credit/debit cards and as per the Reserve Bank of India Circular (RBI/2015-16/185) [AP (DIR Series) Circular No. 16 dated September 24 2015] as amended from time to time ] 9.18 "EOU" means Export Oriented Unit for which a letter of permit has been issued by Development Commissioner. 9.19 "Excisable goods" means any goods produced ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nning on the 1st April of a year and ending on the 31st March of the following year. 9.30 "Managed Hotel" means hotels managed by a three star or above hotel/ hotel chain under an operating management contract for a duration of at least three years between operating hotel/ hotel chain and hotel being managed. Management contract must necessarily cover the entire gamut of operations/ management of managed hotel. 9.31 "Manufacture" means to make, produce, fabricate, assemble, process or bring into existence, by hand or by machine, a new product having a distinctive name, character or use and shall include processes such as refrigeration, re-packing, polishing, labeling, Re-conditioning repair, remaking, refurbishing, tes ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... aring in ITC (HS) or elsewhere, whose import or export is not permitted. 9.42 "Public Notice" means a notice published under provisions of paragraph 2.04 of FTP. 9.43 "Quota" means the quantity of goods of a specific kind that is permitted to be imported without restriction or imposition of additional Duties. 9.44 "Raw material" means input(s) needed for manufacturing of goods. These inputs may either be in a raw/natural/ unrefined/ unmanufactured or manufactured state. 9.45 "Regional Authority" means authority competent to grant an Authorisation under the Act / Order. 9.46 "Registration-Cum-Membership Certificate" (RCMC) means certificate of registration and membership granted by an Export Promo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e, and shall include second hand vessels. 9.53 "SION" means Standard Input Output Norms notified by DGFT. 9.54 "Spares" means a part or a sub-assembly or assembly for substitution that is ready to replace an identical or similar part or sub- assembly or assembly. Spares include a component or an accessory. 9.55 "Specified" means specified by or under the provisions of this Policy through Notification / Public Notice. 9.56 "Status holder" means an exporter recognized as One Star Export House/ Two Star Export House / Three Star Export House / Four Star Export House/ Five Star Export House by DGFT/ Development Commissioner. 9.57 "Stores" means goods for use in a vessel or aircraft and includes fuel and s ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
