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In exercise of the 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 31.3.1997, the Director General of Foreign Trade hereby makes the following amendments in Public Notice No. 18(RE-99)/1997-2002 dated 1st July, 1999 as amended by Public Notice No. 25(RE-99)/ 1997-2002 dated 28th July, 1999.
Attention is invited to notification no.41 dated 12.2.99 and notification no.42 dated 5.3.99 placing quantitative ceiling at the disposal of the canalising agency for three months (till May,99). Subsequenty instructions were issued from time to time to allow shipments against the NOCs issued till 31.5.99.The last date prescribed hitherto for such shipments was till 15.7.99
The following amendments shall be made in Notification No. 19 (RE-99)/97-2002 dated 8.7.99 and in Notification No. 25(RE-99)/97-2002 dated 13.8.99: the entry at ITC(HS) Code no. 0703 in ITC(HS) Classifications of Export and Imports items (97-2002), incorporating amendment made upto 31st August, 98) at Schedule 2 , Table –B, shall be amended to read as under.
Minimum essential Medium (MEM) Powder with Hanks Salt L-Glutanime and with out Sodium Bicarbonate Tissue Culture Flask with Cap. Foetal calf Serum (Foetal Bovine Serum) Suitable for Cultivation of Human deployed cell line free of Mycoplasma free of bovine viruses.
The minimum cif value of import as stipulated in licensing note No. 4 above shall be effective for a period of two months from the date of issue of this Notification, and the minimum import prices as indicated above in the said licensing note shall be treated as withdrawn after the said period of two months.
The problem is confronted in cases where one of the bulk drug of the formulation has a DEPB rate whereas the other constituent bulk drug is not having any rate. The issue of calculation of DEPB rate in respect of formulations consisting of more than one bulk drug was raised in various Open Houses. It has therefore been decided to issue a clarification on the manner in which the DEPB rate is to be calculated.
An application for sale of goods and rejects above 5% in DTA as per paragraph 9.9 of the Policy by the EOUs shall be submitted to the Development Commissioner of the EPZ concerned in the form given at Annexure-A. The application shall be certified by the independent Cost/Chartered/Cost and Works Accountant and endorsed by the Bond officer of Customs/Central Excise having jurisdiction over the unit.
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 31.3.97, the Director General of Foreign Trade hereby makes the following amendment in the Handbook of Procedures (Vol.1) (RE-99), 1997-2002.
In exercise of powers conferred under section 5 of the Foreign Trade (Development and Regulation) Act, 1992 read with paragraph 1.3 and 4.1 of the Export and Import Policy, 1997-2002, the Central Government hereby makes the following amendments in the ITC(HS) Classifications of Export and Import Items , 1997-2002 published on 31st March, 1997 (RE-98) as amended from time to time, namely.
Similarly, in such cases where the goods are handed over to the customs authorities before the expiry of the export obligation period but actual exports takes place after expiry of the export obligation period, such exports shall be considered within the export obligation period and taken towards fulfilment of export obligation.