TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY

PART-II, SECTION-3, SUB SECTION (ii)

GOVERNMENT OF INDIA

MINISTRY OF COMMERCE

NOTIFICATION NO. 33 (RE-98) 1997-2002

NEW DELHI: 26.11.1998

In exercise of powers conferred by section 5 of the Foreign Trade (Development and Regulation) Act, 1992 (No. 22 of 1992) read with paragraph 1.3 of the Export and Import Policy, 1997-2002 (incorporating amendment made upto 13.4.98), the Central Government hereby makes following amendments in the Export and Import Policy, 1997-2002: (incorporating amendment made upto 13.4.98)

1. The following may be added as paragraph 12.12B after paragraph 12.12A

Hotels, Travel agents, Tour operators, Tourist transport operators shall be entitled for recognition as Export House/ Trading House/Star Trading House/Super Star Trading House on earning free foreign exchange as per table given below:

Category

Average free foreign exchange earning during the preceding three licensing years, in Rupees Free foreign exchange earning during the preceding licensing year, in Rupees Average net free foreign exchange earned made during the preceding three licensing years, in Rupees Net free foreign exchange made during the preceding licensing year, in Rupees

(1)

(2)

(3)

(4)

(5)

EXPORT HOUSE

6 crores

9 crores

5 crores

7 crores

TRADING HOUSE

30 crores

45 crores

25 crores

35 crores

STAR TRADING HOUSE

150 crores

230 crores

125 crores

180 crores

SUPER STAR TRADING HOUSE

450 crores

690 crores

370 crores

550 crores

Such Export House/Trading House/ Star Trading House/ Super Star Trading House shall be entitled to such benefits as specified in Chapter 12 of the Handbook of Procedures (Vol.1). However, the entitlement of SIL under Chapter 12 shall be calculated on the basis of payments received in free foreign exchange instead of FOB value of exports.

This issues in public interest.

Sd/-

(N.L.Lakhanpal)
Director General of Foreign Trade and ex-officio

Additional secretary to the Government of India
Copy to all concerned: (Ajay Sahai)

Jt.Director General of Foreign Trade
(F.No. 01/94/180/00301/AM98/PC –IV)

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