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In exercise of 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 31.3.97, the Director General of Foreign Trade hereby makes the following amendment in Handbook (Vol.1). (RE-00), 1997-2002.
Products approved for manufacture in and export or trading from the respective free Trade Zones/Export Processing Zones/Special Economic Zones and Export Oriented Units, except textile item covered by bilateral agreements, exports to Rupee Payment countries under the Annual Trade Protocol and Exports against payment in Indian Rupees to former Rupee payment countries.
The import of components shall be permitted on net to net basis with accountability clause and the type, technical specifications (including part No., if any), etc., of the components sought for import should conform to those utilised in the manufacture of the resultant product, which should be reflected in the export documents (shipping bills) also.
It is directed to refer to Notification No. 14/2000-Cus(N.T.) dated 25.2.2000 regarding appointment of Commissioner of Customs, Calcutta as Commissioner of Customs having jurisdiction over the whole of India for the purpose of investigation, issue of show cause notices against M/s Indian Oil Corporation Ltd. in respect of their consolidated duty liability on account of non-inclusion of ships
