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Attention is invited to Paragraph 6.5 (vi) of the Exim Policy 1997-2002 incorporating amendments made upto 31st March,99 under which the physical exports made under Duty Exemption Scheme/Diamond Imprest Licence/Replenishment Licence by a manufacturer exporter who has obtained licences for the manufacture of the same export product under EPCG Scheme and the above schemes shall also be counted towards the discharge of export obligation under EPCG Scheme. The representations have been received from certain parties that while the above facility was made available in case of Advance Licences issued under Duty Exemption Scheme prior to 1.4.99 w.e.f. 1.4.1993.
Attention is invited to paragraph 6.8 of the Handbook (Vol.1). wherein it has been stated that in such cases where nexus norms have already been communicated by the Headquarters or the same are already established on the basis of the EPCG licences issued in the past by the Port Offices , such applications may not be forwarded to the Headquarters EPCG Committee.
In exercise of the powers conferred by Section 5 of the Foreign Trade (Development and Regulation) Act (No.22 of 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 to Appendix 3 in Schedule 2, of the Book titled “ITC(HS) Classifications of Export and Import Items 1997-2002.
The sub paragraph of Paragraph 11.2 in Chapter 11 shall be amended to read as under: “An Inter-Ministerial Working Group under the Chairmanship of Export Commissioner in Directorate General of Foreign Trade shall consider applications for export of Special Chemicals, Organism, Materials, Equipments and Technologies(SCOMET) as specified in Schedule 2, Appendix-3 of ITC(HS) on the basis of guidelines issued in this regard from time to time.
