Notification No. 14 (RE-2003), dated July 8, 2003, amends the export policy for Niger seeds under the Export and Import Policy 2002-2007. Issued by the Ministry of Commerce and Industry, the amendment modifies the conditions set out in Notification No. 3 of March 2003. The key change involves the reduction of the export fee for State Trading Enterprises (STEs) other than TRIFED. Previously, these STEs were required to pay a 5% fee on the invoice value of exports. This fee is now reduced to 2.5%. The amendment aims to streamline the export process for Niger seeds, making it more cost-effective for authorized exporters.
GOVERNMENT OF INDIA
MINISTRY OF COMMERCE AND INDUSTRY
DEPARTMENT OF COMMERCE
NOTIFICATION NO. 14 (RE-2003)/2002-2007
NEW DELHI DATED THE 8th JULY, 2003
S.O. (E) In exercise of powers conferred by Section 5 of the Foreign Trade (Development & Regulation) Act, 1992 (No.22 of 1992) read with Paragraph 1.1, 2.1 and 2.4 of the Export and Import Policy, 2002-2007, the Central Government hereby makes the following amendments in the Notification No.3 dated March,2003 with respect to conditions applicable to export of Niger Seeds:-
The last sentence of the Paragraph 17 of aforesaid Notification dealing with STEs other than TRIFED may be amended to read as follows:-
“Where STEs other than TRIFED are authorised to export directly, their fee stands reduced from the existing rate of 5% to 2.5% of the invoice value of export of consignment.”
- This issues in Public interest.
( L. MANSINGH )
DIRECTOR GENERAL OF FOREIGN TRADE
AND EX-OFFICIO ADDITIONAL SECRETARY TO THE GOVT. OF INDIA
Copy to all concerned;
By orders etc.
