Import permission for watermark bank note paper revised; name corrected and quarterly return requirement removed. Imports of water mark bank note paper are permitted without an import licence for specified Note Printing Presses and designated units of Bharatiya Reserve Bank Note Mudran Private Ltd., subject to submission of a certificate of import by the Head of Unit and an actual user condition. The notification corrects the corporate name in Policy Condition 1(I) and deletes Policy Condition 1(II) requiring quarterly returns to the Ministry of Finance, removing that reporting obligation to reduce compliance burden.
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Import permission for watermark bank note paper revised; name corrected and quarterly return requirement removed.
Imports of water mark bank note paper are permitted without an import licence for specified Note Printing Presses and designated units of Bharatiya Reserve Bank Note Mudran Private Ltd., subject to submission of a certificate of import by the Head of Unit and an actual user condition. The notification corrects the corporate name in Policy Condition 1(I) and deletes Policy Condition 1(II) requiring quarterly returns to the Ministry of Finance, removing that reporting obligation to reduce compliance burden.
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