Amendments in the Customs notification N0.21/2002 dated 1.3.2002 realted to exporters of cotton made ups

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....In exercise of the powers conferred by sub-section (1) of Section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), N0.21/2002-Customs, dated the 1^st March, 2002, namel....

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...."21B If, - (a) the goods are imported by a manufacturer of cotton made ups for use in the manufacture of said goods for export by that manufacturer and the said manufacturer is registered with the Cotton Textile Export Promotion Council; (b) the total value of goods imported shall not exceed 1 per cent of the FOB value of made ups exported during the preceding financial year; (c)&....