In continuation of Public Notice No.19 dated 11th June,2001 and Public Notice No.25 dated 2nd July,2001 and in exercise of the powers conferred under Paragraph 2.4 and 2.29 of the Export and Import Policy, 2002-2007, the Director General of Foreign Trade hereby designates following Inspection and Certification Agencies accredited by APEDA for the purpose of export of Agriculture Products as “ Organic Product.” An Agriculture product shall be allowed to be exported as “ Organic Product” if it is produced, processed or packed under a valid Organic Certificate issued by any of the undermentioned Inspection and Certification Agency. The Inspection and Certification Agencies as specified in Column 1 below shall be authorized for a period of time as may be allowed in their cases by the Accrediting Agency as specified in Column 2 below.
It has now been decided to raise the investment limit on foreign securities as outlined in the above Circular to 10% of net assets of each mutual fund as on March 31, 2002. However, a minimum of US$ 5 million and maximum of US$ 50 million is permissible to each mutual fund irrespective of size of assets.
The principal notification No.6/2002-Central Excise dated 1-3-2002 was published in the Gazette of India, Extraordinary vide G.S.R. 127 (E) dated the 1st March, 2002 and was last amended by notification No. 53 /2002-Central Excise dated the 30th October, 2002 [G.S.R.739(E) dated the 30th October, 2002.
The last sentence of Para 6.16 (b) provides for destruction of goods with the permission of Customs authorities. In order to clarify that all kinds of obsolete goods could be destroyed, it is proposed to substitute 6.16 (b) as under on the lines of provisions contained in Customs Notification.
