MANU/DGFT/0018/2004

Ministry : Ministry of Commerce and Industry

Department / Board : DGFT

Notification No : 28 (RE-2003)/2002-2007

Date : 28.01.2004

Referred IN

Amendments In EXIM Policy, 2002-2007

In exercise of powers conferred under Section 5 of the Foreign Trade (Development and Regulation) Act, 1992 read with Paragraph 1.1 of the Export and Import Policy, 2002-2007, as amended from time to time, the Central Government hereby makes the following amendments in Exim Policy, 2002-07 (as amended upto 31.3.2003):-

1. Paragraph 2.22 pertaining to Re-import of goods repaired abroad stands corrected to read as under:

Capital goods, equipments, components, parts and accessories, whether imported or indigenous, except those restricted for export in the ITC(HS) Classification of Export & Import items, 2002-2007, may be sent abroad for repairs, testing, quality improvement of up-gradation or standardization of technology and re-imported without a licence/certificate/permission

2. Paragraph 2.32 pertaining to the Export of Gifts is amended as under:

Goods, including edible items, of value not exceeding Rs.5,00,000/- in a licensing year, may be exported as gift. However, items mentioned as restricted for exports in ITC(HS) shall not be exported as gift, without a licence/certificate/permission.

3. Paragraph 2.33 pertaining to Export of Spares stands corrected to read as under:

Warranty spares, whether indigenous or imported, of plant, equipment machinery, automobiles or any other goods, except those restricted for export in the ITC(HS) Classification of Export & Import items, 2002-2007, may be exported alongwith the main equipment or subsequently but within the contracted warranty period of such goods subject to approval of RBI.

4. Paragraph 2.38 pertaining to Export of repaired goods stands corrected to read as under:

Goods or parts, except those restricted for export in the ITC(HS) Classification of Export & Import items, 2002-2007, thereof on being export........