Foreign Trade Policy alignment alters customs exemptions, importer status conditions, and depreciation and clearance rules. Amendments align multiple Customs exemption notifications with the Foreign Trade Policy (1 September 2004-31 March 2009), substituting prior policy references, updating definitions and Handbook cross references, and revising operative provisions: customs and additional duty exemptions for specified jewellery and cut and polished diamonds tied to Replenishment Licences and exporter/manufacturer status; importer eligibility conditioned on star export house recognition and actual user status; debonding on depreciated value using a prescribed straight line schedule; limited textile leftover clearance into Domestic Tariff Area; and adjustments to entitlement and explanatory clauses.
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Provisions expressly mentioned in the judgment/order text.
Foreign Trade Policy alignment alters customs exemptions, importer status conditions, and depreciation and clearance rules.
Amendments align multiple Customs exemption notifications with the Foreign Trade Policy (1 September 2004-31 March 2009), substituting prior policy references, updating definitions and Handbook cross references, and revising operative provisions: customs and additional duty exemptions for specified jewellery and cut and polished diamonds tied to Replenishment Licences and exporter/manufacturer status; importer eligibility conditioned on star export house recognition and actual user status; debonding on depreciated value using a prescribed straight line schedule; limited textile leftover clearance into Domestic Tariff Area; and adjustments to entitlement and explanatory clauses.
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