Considering the importance of the smooth transition to the rolling settlement on T+3 basis, it has been decided that stock exchanges would have to implement the decision to abolish the “no delivery period” by May 01, 2002 and no further extension would be granted in this regard.
Attention is invited to licensing note no. 2 at the end of Chapter 12 of ITC(HS) Classifications of Export and Import Items, 2002-2007. Import of the crude drugs listed at the aforementioned licensing note is free. The heading of the table, stating that import is subject to actual user condition, is an editing error. Thus, the same may be ignored.
