( TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY PART-1,SECTION-1 )
GOVERNMENT OF INDIA
MINISTRY OF COMMERCE AND INDUSTRY
DEPARTMENT OF COMMERCE
PUBLIC NOTICE NO. 4 /(RE 2003) 2002-2007
NEW DELHI; DATED THE 3rd APRIL, 2003
Subject: Continuance of deemed export benefits under para 190 (f) and 220 (3) of the Import and Export Policy, 1988-91 for
Supply of Turbine and Motor Generator Sets for River Body Project House of Sardar Sarovar Narmada Project
in the wake of withdrawal of OECF funds.
Attention is invited to Para 190 (f) and Para 220 (3) of the Import and Export Policy, 1988-91 in terms of which indigenous supplies to Projects financed by multilateral/bilateral external agencies were eligible for deemed export benefits.
2. Representations have been received for continuance of deemed export benefits to the supply of Turbine and Motor Generator Sets for River Body Project House of Sardar Sarovar Narmada Project as mentioned above in the wake of withdrawal of OECF funding.
3. The matter has been considered and ithas been decided that :-
( i) All contracts awarded / Letter of Intent issued by Sardar Sarovar Narmada Nigam Ltd. prior to the date of suspension of OECF fund on 25.11.1990 would be entitled to the deemed export benefits that existed on this date.
( ii ) The benefits under the deemed export policy, as stated above, shall be available for supplies made during the contracted period of the delivery schedule which also includes the extended period of delivery schedule by the Project Authority for execution of the Project.
( iii )Where supplies in respect of contracts, as contained in Para 3(i ) & (ii ) above have already been completed on the date of issue of this Public Notice, such contracts shall not be eligible for grant of Advance licence for deemed export unless such licence had already been applied for prior to effecting the aforesaid supplies.
( iv ) In respect of cases referred to in ( i ) above, the Project Authority will specifically mention that the contract had been entered into/Letter of Intent issued prior to 25.11.1990.
This issues in public interest.
( L. Mansingh )
Director General of Foreign Trade
Copy to all concerned;
By order etc.,
