Import licence requirement tightened: components must be imported under authorised licences and capital goods redefined. The notification amends eligibility by requiring components to be imported under a licence or release order issued in terms of the Export and Import Policy. It revises the Explanation by redefining 'capital goods' to include specified plant, machinery and equipment for manufacture, testing and primary activities; adds 'as amended from time to time' to clause (ii); and redefines 'Licensing authority' to include authorities under the Import (Control) Order, the Director General of Foreign Trade, or officers authorised by him.
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Import licence requirement tightened: components must be imported under authorised licences and capital goods redefined.
The notification amends eligibility by requiring components to be imported under a licence or release order issued in terms of the Export and Import Policy. It revises the Explanation by redefining "capital goods" to include specified plant, machinery and equipment for manufacture, testing and primary activities; adds "as amended from time to time" to clause (ii); and redefines "Licensing authority" to include authorities under the Import (Control) Order, the Director General of Foreign Trade, or officers authorised by him.
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