S.O
(E) - In exercise of powers conferred under section 5 of the Foreign
Trade (Development
and Regulation) Act, 1992 read
with paragraph 1.3 and 4.1 of the Export and Import Policy, 1997-2002, the
Central Government hereby makes the following amendments in the Export and
Import Policy , 1997-2002( incorporating amendments made upto 31.03.2000 )
namely –
1.
After amendment, paragraph
3.10 of the Export Import Policy will
read as under:-
“ Capital Goods” means
any plant, machinery, equipment or accessories required for manufacture or
production, either directly or indirectly, of
goods or for rendering services, including those required for
replacement, modernisation, technological upgradation
or expansion. Capital goods also
include packaging machinery and equipment, refractories for initial lining ,
refrigeration equipment, power generating sets, machine tools, catalysts
for initial charge , equipment and instruments for testing , research and
development, quality and pollution control.
Capital goods may be for use
in manufacturing , mining, agriculture, aquaculture, animal husbandry ,
floriculture, horticulture, pisciculture, poultry, sericulture and viticulture
as well as for use in the services sector.
This issues in Public Interest.
Sd
( N.L. LAKHANPAL)
Director General of
Foreign Trade and ex-officio
Additional
Secretary to the Government of India