In exercise of the powers conferred by sub-section (1) of Section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments, in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 17/2001-Customs, dated the 1st March, 2001.
In this regard, it is hereby clarified that the condition on import of textile and textile articles as per the aforementioned notification, shall not be applicable on imports made under Annual Advance licences and Advance Licences for physical exports issued with actual user condition (Para 7.4 of Exim policy prior to RE-2000, para 7.3(a) of Exim Policy (RE-2000 and RE-2001). Similarly, this condition will not be applicable on imports made by 100% EOUs and units in EPZ/SEZ.
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.
A further quantity of 20 lakh MTs of wheat was released for export vide Public Notice No. 48 dated 15.1.2000. This was specially meant for certain designated agencies as already mentioned who would export the same from the stocks held by CI for the Central Pool.
