Removal of minimum NFE requirement allows electronic hardware units to be set up without export percentage conditions. The Foreign Trade Policy, 1997-2002 is amended: the phrase basic custom duty is replaced by basic custom duty and special customs duty in paragraph 7.25; DEPB transfers are limited to import at the port specified in the DEPB, being the port of export; and electronic hardware units may be established without any minimum NFE earning as a percentage of exports or export obligation.
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Provisions expressly mentioned in the judgment/order text.
Removal of minimum NFE requirement allows electronic hardware units to be set up without export percentage conditions.
The Foreign Trade Policy, 1997-2002 is amended: the phrase basic custom duty is replaced by basic custom duty and special customs duty in paragraph 7.25; DEPB transfers are limited to import at the port specified in the DEPB, being the port of export; and electronic hardware units may be established without any minimum NFE earning as a percentage of exports or export obligation.
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