Renewal of Export Property certificate
Notification No . on the lookout for dated 25th July 1997
In work out of power conferred simply by section five of the foreign Trade (Development and Regulation) Act, 1992 (No. twenty two of 1992) read with paragraph 1 . 3 in the Export and Import Policy, 1997-2002 released in the Journal of India Extraordinary, Part-II section 3-sub - section (ii) vide S. NUMBER 283 (E) dated thirty-one. 3. 97, the central Government hereby makes following amendments inside the Export and Import Plan, 1997- 2002. 1 . The paragraph almost 8. 32 will probably be corrected to learn as follows: 8. 32 Lso are -export/ way to obtain dead-stock or perhaps broken stones/ rough gemstones upto five per cent of the value of import/ indigenously procured such what to holder of valid REP/ Diamond Imprest Licence might be allowed by Development office of the EPZ/ EOU worried. 2 . The paragraph almost eight. 36 should be amended to study as follows:
8. 36 EOU/ EPZ units are also permitted to trade 10% valuable of export products of the preceding year to DTA provided the person furnishes a freely transferable Special Transfer Licence for clearance of such item from EOU/ EPZ products and applicable duty is usually paid in free foreign currency from the EEFC account of either the purchaser of the EOU/ EPZ devices. Such source shall, however , be subject to the achievements of recommended value addition. 3. Inside the paragraph 12. 9, the other sentence within the expiry of such license, application intended for renewal of status license shall be instructed to be made within a period of six months' will probably be amended to see as underneath: 'On the expiry of such license, application pertaining to renewal of status license shall be instructed to be made inside the period as prescribed in Handbook of Procedures (Vol. 1) This issues in public interest.