Notification No. 42 (RE-2001)/1997-2002, issued by the Government of India on December 21, 2001, amends the Export and Import Policy, 1997-2002. The key amendment is the addition of sub-paragraph 10.2(j), which extends deemed export benefits to domestic suppliers of goods to nuclear power projects. The amendment clarifies that these benefits apply to goods supplied under a competitive bidding process, rather than the previously required international competitive bidding. This change aims to streamline the process for suppliers involved in nuclear power projects, enabling them to access deemed export benefits when the competitive bidding procedure is followed. This adjustment in the Export and Import Policy reflects the government’s ongoing efforts to support domestic suppliers contributing to the nuclear power sector.
Government of India
Ministry of Commerce and Industry
Department of Commerce
NOTIFICATION No: 42 (RE-2001) 1997-2002
NEW DELHI: the 21st December, 2001
In exercise of the 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 amendments made upto 31.03.2001), the Central Government hereby makes following amendments in the Export and Import Policy, 1997-2002 (incorporating amendments made upto 31.03.2001).
1) The following shall be added after sub-paragraph 10.2 (i)
10.2 (j) Supply of goods to nuclear power projects through competitive bidding as opposed to international competitive bidding.
(This para extends the deemed export benefits to supply of goods to nuclear power projects through competitive bidding as opposed to international competitive bidding)
This issues in public interest.
(N.L. Lakhanpal)
Director General of Foreign Trade and ex –officio
Additional Secretary to the Government of India
(A Bipin Menon)
Dy Director General of Foreign Trade
(File No: 01/94/180/68/AM02/ PC IV)
