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DGFT PUBLIC NOTICE NOTIFICATION NO. 22/2002-2007 dated 9th January, 2003 issued by The Ministry of Commerce and Industry, New Delhi Vide File No. 01/94/180/20/AM03/PC IV
In exercise of powers conferred by Section 5 of the Foreign Trade (Development and Regulation) Act, 1992 (No. 22 of 1992) read with paragraph 1.1 of the Export and Import Policy, 2002-07, the Central Government hereby amends/corrects the Export and Import Policy, 2002-07 as under :
1) Para 2.21 pertaining to "Import on Export basis" is amended as under :
New or second hand capital goods, equipments, components, parts and accessories, containers meant for packing of goods for exports, jigs, fixtures, dies and moulds may be imported for export without a licence/certificate/permission on execution of Legal Undertaking/Bank Guarantee with the Customs Authorities provided that the item is freely exportable without any conditionality/requirement of licence/permission as may be required under ITC (HS) Schedule II.
2) Para 2.36 pertaining to the "export of imported goods" is amended as under :
Goods, including those mentioned as restricted item for import (except prohibited items) may be imported under Customs Bond for export in freely convertible currency without a licence/certificate/permission provided that the item is freely exportable with out any conditionality/requirement of licence/permission as may be required under ITC (HS) schedule II.
This issues in public interest.
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