After considering the above stated requests, in exercise of powers conferred under Paragraph 4.11 of the Export and Import Policy, 1997-2002, as notified in the Gazette of India Extra-ordinary, Part – II, Section – 3 – Sub-section (ii) vide S.O. No. 283 (E) dated 31.3.1997, the Director General of Foreign Trade hereby notify the following arrangement.
This Public Notice is issued for continuance of deemed export benefits for supplies made to Maharashtra State Electricity Board for early execution of the second Maharashtra Power Project in the wake of withdrawal of World Bank loan, subject to the terms and conditions mentioned in the foregoing paragraph and in Appendix – 14A of Handbook of Procedures (RE:99).
The deemed export benefits for these projects would be subject to the conditions that in case OECF assistance for the 2nd/subsequent tranche does not materialize, respective project authority would fully reimburse all the deemed export benefits to the Government of India.
Public Notice No. 29(RE-99)/1997-2002 updates Export and Import Policy, including changes to EPCG licence, export obligations, and product descriptions.
The exporters who were holding recognition certificate for the period 1998-99, under Export Import Policy 1997-2002 or under Exim Policy 1992-97 and have also obtained recognition certificate under the current Policy have an option to claim SIL based on exports made during preceeding licensing year subject to following conditions.
However, in cases where the application for obtaining credit is filed after realisation of export proceeds, such application may be filed within 90 days from the date of realisation or 180 days from the date of exports whichever is later, reckoned from the last date of realisation/exports in respect of shipments for which the claim has been filed.
Public Notice No. 26 (RE-99) announces amendments to the Export-Import Policy, including additions to Standard Input Output Norms for chemicals, engineering, and textile products
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 31.3.97, the Director General of Foreign Trade hereby makes the following amendments in the Public Notice No.18 (RE:99)/1997-2002 dated 1st July, 1999.
Supplies made by an Indian sub-contractor of an Indian or foreign main contractor, shall also be eligible for deemed export benefits provided the name of the sub-contractor is indicated either originally or subsequently in the contract, and payment certificate is issued by the Project Authority in the name of the sub-contractor in the form given in Appendix 14-B.
Public Notice No. 23 (RE-99) amends the Export-Import Policy, adding new entries for engineering, plastic, and textile products in the Handbook of Procedures.