The words and figures “of the licensing year 2005-2006” mentioned in Para – 2 of Public Notice No. 27 (RE-2005)/2004-2009, dated 14th July, 2005 may be corrected to read as “within two years from the date of issue of this Public Notice.
In exercise of powers conferred under Paragraph 2.4 of the Foreign Trade Policy 2004-2009, the Director General of Foreign Trade hereby notifies Appendix 37D giving details of various products that qualify for benefits under Focus Product Scheme in terms of Para 3.10 of the Foreign Trade Policy.
Public Notice No. 12 (RE-2006) restricts the enhancement of production capacity for units using plastic waste or scrap, effective from May 25, 2006.
Where the manufacturer exporter has obtained authorisations for manufacture of the same export product both under EPCG or any of the Duty Exemption and Remission Schemes as given in Chapter 4 of the Foreign Trade Policy and physical exports or deemed exports for categories mentioned in paragraph 5.4(iv) of Foreign Trade Policy, made under these schemes shall also be counted towards the discharge of export obligation under EPCG Scheme.
The existing DEPB rate of 7% with the value cap of Rs. 1120/- per piece notified vide Public Notice No. 37 dated 09.08.2005 for the export product “Hermetically Sealed Compressors for Refrigerators & Commercial Refrigeration Applications using eco friendly gases” appearing at Sr. No. 588 is made effective from 21.03.2005.
However, in case the import of spices is for value addition purpose like crushing/grounding/sterlisation or for manufacture of oils and oleoresins and not for simple cleaning, grading, re-packing etc., the export obligation shall be fulfilled within a period of 120 days.
Public Notice No. 8 (RE-2006) updates Gram Udyog products under the Vishesh Krishi and Gram Udyog Yojana with new export benefits effective from April 2006.
Attention is invited to Government of India, Ministry of Finance (Department of Revenue) Ad-hoc Exemption Order No.18/2006-Customs dated 9.5.2006. As per the said Ad-hoc Exemption Order, import of wheat is allowed at Zero Duty as per all the conditions specified therein.
Public Notice No. 06 (RE-2006) updates rules for export units in agriculture, horticulture, and aquaculture, requiring bank guarantees for units under two years.
The new system of import from registered sources will come into effect from 1st April, 2006. However, in cases where Bill of Lading is dated 1st August, 2006 and before,imports will be allowed on the basis of Pre-Shipment Inspection regime in terms of Para 2.32 of the Handbook of Procedures (Vol.1), notified vide Public Notice No. 1 dated 8th April, 2005 and as amended from time to time.
