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of <h1>Special Advance Licensing Scheme Launched for Electronic Exporters under Export-Import Policy 1997-2002: Eligibility and Procedures Detailed.</h1> The Director General of Foreign Trade announced an amendment to the Export and Import Policy, 1997-2002, introducing a Special Advance Licensing Scheme for electronic product exporters. Eligible manufacturers registered with relevant authorities and councils can apply, with entitlements based on past export or production performance. New exporters can receive licenses up to a specified limit. Licenses require positive value addition, and imports must precede exports, with restrictions on domestic sales. The scheme includes detailed procedures for application, import, and verification by designated officers, with penalties for unutilized exempt materials. Other duty exemption provisions apply unless inconsistent with this scheme.
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