Free of cost exports cap for status holders limited, imposing the lower of a fixed ceiling or percentage of average exports. Amendment limits the entitlement of Status holders to export freely exportable items on a free of cost basis for export promotion by prescribing that such exports are allowed subject to an annual ceiling equal to the lower of a fixed monetary limit or a percentage of average annual export realisation during the preceding three licensing years; the amendment is effected under paragraph 2.04 of the Foreign Trade Policy and is effective immediately.
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Provisions expressly mentioned in the judgment/order text.
Free of cost exports cap for status holders limited, imposing the lower of a fixed ceiling or percentage of average exports.
Amendment limits the entitlement of Status holders to export freely exportable items on a free of cost basis for export promotion by prescribing that such exports are allowed subject to an annual ceiling equal to the lower of a fixed monetary limit or a percentage of average annual export realisation during the preceding three licensing years; the amendment is effected under paragraph 2.04 of the Foreign Trade Policy and is effective immediately.
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