Import of components subject to net-to-net basis and accountability clause under FTP norms for engineering exports. Import of components is authorised where norms do not provide for them or additional components are sought, on a net-to-net basis without wastage and subject to an accountability clause; components must conform in type and technical specifications (including part numbers) to those used in the export product and be reflected in export documents. Steel imports must match the grade used in the export product and be in prime condition unless specified, while aluminium and zinc are limited to specified primary forms. Licences may use further-basic stage norms and permit CKD/SKD where manufacture begins from raw material.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Import of components subject to net-to-net basis and accountability clause under FTP norms for engineering exports.
Import of components is authorised where norms do not provide for them or additional components are sought, on a net-to-net basis without wastage and subject to an accountability clause; components must conform in type and technical specifications (including part numbers) to those used in the export product and be reflected in export documents. Steel imports must match the grade used in the export product and be in prime condition unless specified, while aluminium and zinc are limited to specified primary forms. Licences may use further-basic stage norms and permit CKD/SKD where manufacture begins from raw material.
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