he Designated Officer of the Department of Electronics (hereinafter referred to as the said officer) verifies the relevance/ useability of the imported materials in the export product as well as the quantity of such materials required for the manufacture of such export product. The said officer shall also verify the actual utilisation of the imported materials in the export product as well as the wastage in respect of export product in terms of the standard input output norms as specified in Volume II of the Hand Book of Procedure of the Export and Import Policy 1997-2002.
Infrastructure being an important aspect for economic development and in order to encourage infrastructure projects in India, especially to facilitate financing of setting up of such projects, it has now been decided that the requirement of 5 public shareholders for every Rs. 1 lakh of net capital offer made to the public as communicated vide our Circular
