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........