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, Director
General of Foreign Trade hereby makes the following amendments in the Handbook
of Procedures (Vol.1) (RE-2000), 1997-2002.
1. Following
shall be added at the end of paragraph 4.15:
The provisions of
paragraph (b) and (c) above shall not be applicable to DEPB. DEPB which is in
the nature of duty credit entitlement must be valid on the date on which actual
debit of duty is made.
2. The
following shall be added at the end of paragraph 5.3(v)(i) :
Simultaneously
these agencies will also certify that the imported item(s) is actually a
metallic waste/scrap/seconds/defective as per the internationally accepted
parameters for such a classification.
3. The
paragraph 6.6(c) shall be amended to read as under:
“The indigenous
manufacturer intending to supply capital goods to the EPCG licence holder may
apply to the licensing authority for the issuance of Advance licence for deemed
exports for import of inputs including components required for the manufacture of capital goods to be supplied to
the EPCG licence holder.
4. The following shall
be added as paragraph 6.6 A.
6.6A
Transitional Arrangement The
indigenous manufacturers who have obtained EPCG licences, upto
31-3-2000 under 0%/10% EPCG Scheme or under 5% EPCG Scheme prior to the
issuance of this Public Notice, for import of components required for
manufacture of capital goods to be supplied to the EPCG licence holder , shall
be entitled for the issuance of Advance
Licence for deemed exports for the same CIF value and the FOR value and for the
same items of import and supply. This facility shall however be available in
respect of those EPCG Licences, which have not been utilized at all. All such
requests, including the ones for conversion of pending applications for the
issuance of EPCG licence for components into the application for Advance
Licence for deemed exports, shall be entertained without payment of any
additional fee.
5. The
first sentence of paragraph 6.12 shall be amended to read as under:
The licence holder
shall produce to the concerned licensing authority a certificate by the
jurisdictional central excise authorities or by an independent chartered
Engineer, as the case may be, confirming installation and use of capital goods
within six months from the date of completion of imports.
6. The
following shall be added as paragraph 6.20:
|
Transitional
arrangement |
6.20 |
In respect of EPCG
licences issued between 1.4.2000 to 26.4.2000 under 5% EPCG scheme where bill
of entry has been filed prior to 27.4.2000, the licence holder may apply for
issuance of EPCG licence under the Policy prevalent during AM2000 either
under zero duty EPCG scheme or under 10% EPCG scheme as per the eligibility
criteria applicable to such Scheme.
The licence holder shall submit a revised application as given in
Appendix–10A of Handbook of Procedure (Vol.1)(incorporating amendment upto
31.3.99) alongwith copies of EPCG licence. No additional document and fee
shall be required to be submitted by the licence holder. The Licensing
Authority shall issue the licence under zero duty/10% EPCG scheme, as the
case may be, without changing the description of items or the CIF value. |
7. The
first sub-paragraph of paragraph 7.38 shall be amended to read as under:
An application for
grant of credit under DEPB may be made to the licensing authority concerned in
the form given in Appendix-11C alongwith the documents prescribed therein. The
provisions of paragraph 7.2 shall be applicable for DEPB also. The FOB value in
free foreign exchange shall be converted into Indian rupees as per the
authorised dealer’s T/T buying rate, prevalent on the date of negotiation/
purchase/collection of document. The DEPB rate of credit shall be applied on
the FOB value so arrived.
8. The
last sub-paragraph of paragraph 7.38 shall be amended to read as under:
In such cases where the
application for grant of DEPB credit is filed after realisation of export
proceeds, the FOB value in free foreign exchange shall be converted into Indian
rupees as per authorised dealers T/T buying rate, prevalent on the date of
negotiation/purchase/collection of documents. The DEPB rate of credit shall be
applied on the FOB value so arrived. The CIF value of imports affected under
the DEPB shall not exceed the FOB value against which the DEPB has been issued.
The licensing authorities shall incorporate an endorsement to this effect on
the DEPB and shall also mention the FOB value in (Indian rupees) on the DEPB.
9. The
following amendments shall be made in the Appendix– 28A:-
(A) Product
Group: Electronics, Product Code: 83
(i)
The description of export product at S. No: 1 shall be corrected to read as
under:-
“Compulsory
Electronic Rotary Spraying Machine/Cabin of different types/widths fitted with
or without steam operation chambers, guns, pumps, economiser”.
(ii)
The description of export product at S. No: 6 shall be corrected to read as
under:-
“ Digital Panel Meter/
Modules for Voltage Current”.
(iii)
The description of export product at S. No: 36 shall be corrected to read as
under:-
“Quartz
Analog Clocks/Time Pieces with or without Alarm/Chime/Pendulum Function &
Quartz timing Mechanism/Movement for the above types of clocks/Time Pieces (in
causing)/SKD condition”.
(iv)
The description of export product at S. No: 52(iii) shall be corrected to read
as under:-
“ Capacitor Grade Metalized Plastic Film”.
(B) Product
Group: Textiles, Product Code: 89
(I)
The description of export product at S. No: 44 (a), (b) and (c) shall be
amended by adding the word and expression “ Bleached/” at the beginning of each
of the three entries.
This
issues in Public Interest.
Sd/-
(N.L.Lakhanpal)
Director
General of Foreign Trade.
Copy to all concerned,
By orders etc.
(A.K.
Srivastava)
Dy.
Director General of Foreign Trade