Export of imported goods permitted without licence subject to negative list and special import licence exclusions, rupee exports require value addition.
Export of imported goods may be made without a licence if exported in the same or substantially the same form, except when the item appears on the Negative List of Imports or Negative List of Exports or was imported under a Special Import Licence. Exports of goods imported against payment in freely convertible currency may be effected against freely convertible currency; if exported for payment in Indian rupees, a minimum value addition of 100% applies, subject to the same exclusions.

Import liberalisation for woven fabrics of manmade filaments allowed on Open General Licence via SIL route, policy free.
Woven fabrics mixed or solely of manmade filaments are authorised for import on the Open General Licence via the SIL route under Notification No. 37/1997 amending the ITC(HS) Classification, with policy designated as free and imports to be effected under SIL/public notice.

Gem and jewellery policy: domestic sales allowed with rupee duty payment, and nominated agencies list revised.
Amendments revise the Gem & Jewellery EP scheme to name authorised nominated agencies for supply of gold, silver and platinum; permit re-export and export of domestically procured goods including partial processing products; allow supply of unsuitable rough and precious stones up to five percent of value to holders of REP/Gem Rep./Diamond Imprest licences on payment of duty; and permit EOU/EPZ units to sell up to ten percent of prior year export value to the domestic market with duty payable in Indian rupees for plain and studded jewellery subject to prescribed value addition.

Export canalisation of iron ore concentrate and pellets: specified products restricted for controlled export under FTP.
The Central Government amended the Export and Import Policy to canalise exports by adding iron ore concentrate (from beneficiation of low grade ore containing forty percent or less iron) and iron ore pellets manufactured from such concentrates to the list of canalised items, linking those products to the named domestic producer and invoking powers under the Foreign Trade (Development & Regulation) Act and the EXIM Policy; the notification is issued in the public interest.

Export permission for value-added herbal formulations allowed under prior export policy, subject to usual conditions and CITES compliance.
Permission is granted for export of value-added herbal formulations from seventeen plant species listed in Schedule 2 Appendix 2 of the ITC(HS) Classifications, to be allowed in accordance with the Export Policy prevailing prior to 25th March, 1996, subject to usual conditions and CITES regulations, for a limited period ending 31st March, 1998.