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Under Section 13(i) of FERA, 1973 no person can bring or send into India any foreign exchange or Indian Currency except with special or general permission of RBI. Further, Import of Indian currency notes or coins by post is not permitted. As per the existing practice, whenever such notes / coins, received by post, are confiscated by the customs authorities, RBI is approached for grant of “no
The Indian Sugar and General Industry Export Import Corporation Ltd., (ISGIEIC) shall be sole agency authorised to export raw sugar to EEC against the preferential Ceiling as indicated above. The export of above quantity of raw sugar to EEC under the preferential arrangements as indicated above shall also be subject to prescribed pre-shipment certificate by Export Inspection Council.
Attention is invited to paragraph 5 of Policy circular no.28(RE-98) dated 28.7.98 regarding exemption from pre-shipment inspection from Central Silk board in respect of export of silk garments under DEPB scheme. Consequent upon notification of DEPB rate for Silk madeups and Silk fabrics, it is clarified that pre-shipment inspection by Central Silk Board is not required for exports of silk madeups and Silk fabrics under DEPB scheme.
It has further been decided that stock brokers/clearing house members shall give instructions to clearing house/clearing corporations for transferring the securities lying in the broker’s pool accounts/transit accounts to the respective beneficiary accounts immediately after the pay-out of each settlement.
Attention is invited to Paragraph 7.8 of the Export and Import Policy 1997-2002, as amended and Paragraphs 7.8, 7.9 and 7.10 of the Handbook of Procedures, Vol. 1, 1997-2002, as amended and also to the Handbook of Procedures, Vol. 2, 1997-2002 as amended from time to time.
