To be published in the Gazette of India Extraordinary Part II Section 3, Sub Section (ii)

Government of India

Ministry of Commerce & Industry

Department of Commerce

Udyog Bhawan

Notification No. 14 (RE-2012)/2009-2014

New Delhi, the 28th August, 2012

Subject: Amendment in Notification No. 5 dated 02.07.2012 regarding conditions for export of Carpets, Handicraft items and Silk items.

S.O.(E) In exercise of the powers conferred by Section 5 of the Foreign Trade (Development & Regulation) Act, 1992 (No.22 of 1992) as amended, read with Para 2.1 of the Foreign Trade Policy, 2009-2014, the Central Government hereby makes following amendments in Notification No. 5 (RE-2012)/2009-14 dated 02.07.2012:

(i) The provisions in the “Nature of Restriction” of Notification No. 5 (RE-2012)/2009-14 dated 02.07.2012 in respect of S. No. 8B (relating to Handicraft Items) will come into effect from 01.01.2013.

(ii) S. No. 8C of Notification No. 5 (RE-2012)/2009-14 dated 02.07.2012 relating to Silk garments, Made ups, Fabrics and Accessories is deleted.

2. Accordingly, the revised table will be as under:

S. No. Chapter Item Description Export Policy Nature of Restriction
8 A 57 Handmade Woolen Carpets including other floor coverings like Woolen Durries, Druggets, Gabbas, Namdhas and Shaggy

Online GST Certification Course by TaxGuru & MSME- Click here to Join

 

Free Export shall not be permitted on the basis of Documents against Acceptance (D/A)

unless

(a) Such export is covered either by Bank Guarantee or ECGC Guarantee

or

(b) Such export is to own Subsidiaries/ own Trading Companies / own Office-cum-warehouses.

8 B Any chapter Handicraft items Free/

Restricted

(as applicable)

Export shall not be permitted on the basis of Documents against Acceptance (D/A)

unless

(a) Such export is covered either by Bank Guarantee or ECGC Guarantee

or

(b) Such export is to own Subsidiaries/ own Trading Companies / own Office-cum-warehouses.

This will be with effect from 01.01.2013

8 C Deleted

3. Effect of this notification:

Notification No. 5 of 02.07.2012 imposed certain restrictions. S. No. 8 A pertained to export of Handmade carpet etc., for which there is no change. S. No. 8 B pertained to export of Handicraft items, the effective date of which has been shifted to 01.01.2013. S. No. 8 C pertained to export of Silk items, which stands deleted.

(Anup K. Pujari)

Director General of Foreign Trade

E-mail:- dgft[at]nic[dot]in

(Issued from F. No. 01/91/180/510/AM 12/Export Cell)

More Under DGFT

Posted Under

Category : DGFT (3468)
Type : Notifications (15273) Notifications/Circulars (30294)
Tags : DGFT Notifications (3413)

Leave a Reply

Your email address will not be published. Required fields are marked *