Non-production of logged DEEC Book should not create defaulter status when export obligation is proved.
Where a duty free licence holder has produced all necessary documents evidencing completion of 100% export obligation (shipping bill, bank certificate of exports and realisation), non production of a duly logged DEEC Book attributable to Customs delay should not result in the licence holder being declared a defaulter; Regional Licensing Authorities are directed to apply this clarification and to investigate cases where non logging may be due to other causes.

Export liberalisation of cotton yarn removes prior quantitative and documentary export conditions, enabling unrestricted exports.
The entry for Code 5205 (Cotton Yarn) in Table B of Schedule 2 and the Appendix 1 entry at S.No.6 have been deleted, removing prior quantitative ceilings, certification requirements and hank yarn obligations; cotton yarn is now listed as Free for export under the ITC(HS) Classification, with the amendments effective from 1.1.2002.

Fixation and modification of input-output norms: Handbook of Procedures updated to revise SION entries and add chemical and engineering items.
The Director General of Foreign Trade amends the Handbook of Procedures, Vol.2 by prescribing substitutions, corrections and additions to Standard Input Output Norms, including revised input lists and permitted quantities for numerous chemical and engineering export items, insertion of new entries in chemicals and engineering schedules, and textual corrections to product and import-item descriptions to govern allowable imported inputs relative to export outputs under the Export and Import Policy 1997-2002.