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Circulars
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Consideration of application under paragraph 6.8 of the Handbook(Vol.1) without reference to Headquarters EPCG Committee
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EPCG licence delegation allows regional licensing authorities to issue licences for listed capital goods without headquarters referral.
Paragraph 6.8 delegation permits Regional Licensing Authorities to grant EPCG licences for the export products and corresponding capital goods enumerated in the Annexure without referring applications to the Headquarters EPCG Committee where nexus norms have been communicated by Headquarters or are otherwise established from prior EPCG licences; the DGFT has approved direct issuance by concerned RLAs for the listed items, subject to the conditions in paragraph 6.8 and earlier Policy Circulars.
Amendment in H.B. Vol. I for the units located in the areas affected by earthquake in the state of Gujarat
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Blank year declaration for export obligation relief enables licence validity and filing deadline extensions for affected units.
2000-2001 is declared a blank year for monitoring export obligation of EOU/EPZ/SEZ units in earthquake-affected areas of Gujarat; monitoring deferred to 30.6.2001. EPCG licences may receive extension of export obligation up to 31.3.2004 except where misrepresentation, fraud, or adjudicated adverse orders exist. One-year extensions apply under paragraphs 6.11 and 7.22 for EPCG and Advance Licence obligations; paragraph 7.23 deems one-year validity extension for affected Advance Licences and similarly for DEPB/DFRC. Attested duplicate originals are acceptable for licence claims and discharge of obligations without duplicate-document cuts. Filing deadlines (excluding Special Import Licence claims) falling in January 2001 or thereafter are extended to 31 December 2001 or the normal limit, whichever is later.
Amendment/Modification & addition in SION
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Standard Input Output Norms amended to add and revise SION entries, adjusting permitted inputs and net to net import conditions.
Amendment revises the Handbook of Procedures, Vol.2 by updating the Standard Input Output Norms: making corrections, substituting and deleting existing norms, and adding new SION entries across Chemicals, Electronics, Engineering, Food and Plastics. New entries specify permitted import inputs and quantities, permit alternative inputs with substitution ratios, and impose net to net importation with accountability and specification conformity to be reflected in export documents; special footnotes establish limits and process necessity conditions for selected technologies and fuels.
Weights and Measures (Package Commodity) Rules, 1977, on various imports
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Pre-packaged commodity labelling applies only to imports intended for retail sale; raw materials and bulk imports excluded.
The circular clarifies that the paragraph 4 labelling requirements under the Standards of Weights and Measures (Package Commodity) Rules, 1977 apply only to imports of pre-packaged commodities intended for retail sale; imports of raw materials, components, or bulk consignments that will undergo further processing or assembly before sale to consumers are excluded.
DEPB rates for Product Group Chemicals
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DEPB rate adjustments: formulations receive a reduced DEPB relative to bulk drugs; multi-drug cases follow circular.
The public notice amends Appendix 28A for Chemicals to provide that formulations lacking specific DEPB rates (injections, syrups, oral suspensions, tablets, capsules, IV infusions) receive a reduced DEPB relative to the DEPB for the relevant bulk drug, with a separate rule for multi-bulk-drug formulations to follow the referenced policy circular; it also lists a DEPB entry for metal-fitted/bonded/unbonded rubber parts including engine mounting and automotive parts.
Specification of quantitative ceiling on export of Cotton Yarns for the Calendar year 2001
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Quantitative ceiling on cotton yarn exports set for calendar year 2001, with specified exemptions and compliance conditions.
A quantitative ceiling on exports of cotton yarn for the calendar year 2001 sets aggregate limits for specified yarn count categories and takes effect from the start of the year. The notice exempts certain categories from the ceiling, including 100% EOUs (subject to textile count restrictions), advance licence exports, exports based on imported cotton, EPCG exports to meet annualized obligations (with excess charged to the ceiling), bilateral quota exports, yarn above specified counts, and processed yarn, with a later amendment concerning EPCG sourcing/count permissions.
Placement of quantity of 8500 MTs of Raw Sugar from the Freesale Quota of 2000-2001 Season ( Oct. to Sept. ) for export of Preferential Raw Cane Sugar Tariff Rate Quota for the fiscal year 2001 ( October 1, 2000 to September, 30, 2001 ) to USA
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Preferential Tariff Rate Quota placement: raw sugar allocated for export to USA under APEDA managed allocation procedure.
A quantity of raw sugar from the 2000-2001 freesale portion is allocated to the Preferential Raw Cane Sugar Tariff Rate Quota for the United States and placed at APEDA's disposal to issue a Registration cum Allocation Certificate to M/s Indian Sugar and General Industry Export Import Corporation Ltd. Existing procedures for GSP and other required export certifications remain applicable, and exports are subject to pre shipment certification by the Export Inspection Council.
Amendment in H.B. Vol. I
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DEPB entitlement amendments: value caps and rates adjusted and SEZ supplies made eligible for export promotion licences.
Amendments expand paragraph 8.74 to include SEZs for entitlement purposes and make DTA supplies to SEZ eligible for REP licences; revise DEPB value caps and rates for multiple engineering items, add new DEPB entries for truck and trailer wheels, forged flanges and electrode holders, and amend DEPB rates for specified items; adjust the DEPB rate and value cap for silk garments; add a certification agency to the IS/ISO 9000 list; and amend paragraph 10.15(iv) to prescribe application and filing requirements for fixation of brand rates for duty drawback, maintaining existing time limits and late cut provisions.
Amendments/modifications & additions in SION
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Standard Input-Output Norms updated: new SION corrections and product-group entries added to the Handbook of Procedures.
The Director General of Foreign Trade has issued amendments to the Standard Input Output Norms under Paragraph 4.11 of the Export and Import Policy 1997-2002, effecting corrections in existing SION entries and adding new entries across Chemicals and Allied Products, Engineering Products, Food Products and Plastic Products. Annexure A lists textual amendments and substituted norms; Annexures B-E add new export-import input relationships and product-specific import conditions, including notes on finished-leather consumption and a prior-import condition for a food export entry.

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Acts Income Tax