www.ieport.com

PUBLIC NOTICE NO.23 (RE-01)/1997-2002

NEW DELHI: DATED THE  27^th June, 2001

Subject: Deemed export benefits for Eastern Region System Coordination and Control (ERSC&C) Transmission Project under Paragraph 10.2(d) of the EXIM Policy.

                In exercise of the powers conferred under Paragraph 4.11 of the Export and Import Policy, 1997-2002, as notified in the Gazette of India Extraordinary, Part II, Section 3, Sub-Section(ii) vide S.O. No. 283(E) dated 31.3.1997, the Director General of Foreign Trade hereby makes the following amendments:-

2.       Para 4 of Public Notice N0. 34 (RE-2000)/1997-2002, dated 15th September, 2000 is amended to read as under:- 

“4.     In case of World Bank loan fails to come through, for any reason, being a power transmission project, no deemed export benefits would be available for ERSC&C project and power Grid Corporation would return entire DE benefits  availed of by them under transitional arrangements.”

3.       This issues in Public interest.

( N.L. Lakhanpal )

Director General of Foreign Trade