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of <h1>DGFT Updates 1997-2002 Export-Import Policy: New Airport Showrooms for Jewelry, Revised Product Descriptions, and SEZ Procedural Changes.</h1> The public notice issued by the Director General of Foreign Trade (DGFT) outlines amendments to the Export and Import Policy for 1997-2002. Key changes include allowing Export Oriented Units (EOUs), Export Processing Zones (EPZs), and Nominated Agencies to set up showrooms at international airports for selling jewelry to foreign tourists, with unsold items to be exported or returned after 60 days. Various appendices have been updated to include new product descriptions, DEPB rates, and value caps across multiple product groups such as engineering, chemicals, plastics, leather, electronics, and miscellaneous items. Amendments also address procedural updates for SEZs and EOUs, including conditions for setting up units and financial transactions related to export trade deposits.
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