Duty free import entitlement for agrochemical exporters conditioned on export turnover and DSIR-registered R&D, subject to verification. Amendments permit duty free imports under Customs Notification No.21/2002 up to 1% of preceding-year FOB exports for agrochemical manufacturers with preceding-year export turnover of Rs.20 crore or more, conditional on having an R&D wing registered with the Department of Scientific and Industrial Research; applicants must submit Appendix 34A to the Regional Licensing Authority, provide a Chartered Accountant-countersigned declaration, and undergo RLA verification. The changes also prohibit arms-related trade with Iraq, bar listed exports to Libya, amend DEPB procedures for defective goods to permit re-export with a 98% credit certificate and fresh DEPB issuance, correct an installation/non-transfer undertaking, and allow limited revalidation of certain textile DEPBs except in cases of fraud or adjudication.
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Duty free import entitlement for agrochemical exporters conditioned on export turnover and DSIR-registered R&D, subject to verification.
Amendments permit duty free imports under Customs Notification No.21/2002 up to 1% of preceding-year FOB exports for agrochemical manufacturers with preceding-year export turnover of Rs.20 crore or more, conditional on having an R&D wing registered with the Department of Scientific and Industrial Research; applicants must submit Appendix 34A to the Regional Licensing Authority, provide a Chartered Accountant-countersigned declaration, and undergo RLA verification. The changes also prohibit arms-related trade with Iraq, bar listed exports to Libya, amend DEPB procedures for defective goods to permit re-export with a 98% credit certificate and fresh DEPB issuance, correct an installation/non-transfer undertaking, and allow limited revalidation of certain textile DEPBs except in cases of fraud or adjudication.
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