Public Notice No. 70 (RE-01)/1997-2002, issued by the Ministry of Commerce & Industry on February 8, 2002, defers the monitoring of Net Foreign Exchange (NFE) performance for units operating under the EOU, EPZ, EHTP, STP, and SEZ schemes for the financial year 2001-2002. The decision treats the period from April 1, 2001, to March 31, 2002, as a “blank year,” effectively pausing NFE evaluation for these units during this timeframe. This notification, issued under the Export and Import Policy 1997-2002, aligns with the provisions specified in Paragraph 4.11 of the policy and was published in the Gazette of India. The announcement was made by the Director General of Foreign Trade and is aimed at addressing operational considerations for the relevant units.
GOVERNMENT OF INDIA
MINISTRY OF COMMERCE & INDUSTRY
PUBLIC NOTICE NO. 70 (RE-01)/1997-2002
NEW DELHI, the 8th February,2002
In exercise of powers conferred under Paragraph 4.11 of the Export and Import Policy 1997-2002, as notified in the Gazette of India extraordinary, Part-II Section 3, Sub section (ii) vide S.O. No.283(E) dated 31.03.1997, the Director General of Foreign Trade hereby notifies the following arrangements:-
1. It has been decided to treat 2001-2002 as a blank year and monitoring of NFE of the EOU/EPZ/EHTP/STP and SEZ units is deferred for one year i.e 1.4.2001 to 31.3.2002.
This issues in public interest.
Sd/
(N.L.Lakhanpal)
Director General of Foreign Trade
Copy to all concerned,
By orders etc.
(Bipin Menon)
Dy. Director General of Foreign Trade
(File No: 01/94/180/051/AM02/PCIV)
