Application for certification of Export Performance of units in the pharma and biotechnology sectors by the RLA's as per Customs Not 10/2002

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....ntral Board of Excise and Customs (CBEC) has vide Notification No 10/2002 dated 21.01.2002 permitted the duty free imports of goods upto one percent of the FOB value of exports during the preceding financial year specified in List 27A by units in the Pharmaceutical and Biotechnology sectors having export turnover of Rs 20 Crores and above during the preceding licensing year if such importer has Research and Development wing which is registered with the Department of Scientific and Industrial Research in the Ministry of Science and Technology. However the said notification mandates the production of a certificate from the Joint Director General of Foreign Trade in the Department of Commerce certifying the FOB value of exports made during th....

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....nder this application (In Rs. crores) Balance entitlement of imports (4) - (5) (1) (2) (3) (4) (5) (6) Declaration / Undertaking by the Proprietor/ Partner/ Director * We/ I hereby declare that the said goods are to be imported for Research and Development purpose only * We/ I hereby undertake that the total value of goods imported during 2001-2002 under Customs Notification No 10/2002 will not exceed 1 % of the FOB value of exports in the financial year 2000-2001. * We/ I hereby undertake that the imported goods would be installed in the said Research and Development Wing of the importer within 6 months of the date of importation. These goods would not be transferred or sold for a period of 7 years from the date of installa....