NTF NO. 22/2002-07, DT. 09/01/2003
- Document type
- Circular
- Reference no.
- F
- Dated
Conditions for import on export basis and export of imported goods
Conditions for import on export basis and export of imported goods
1) Para 2.21 pertaining to Import on Export basis is amended as under:
New or second hand capital goods, equipments, components, parts and accessories, containers meant for packing of goods for exports, jigs, fixtures, dies and moulds may be imported for export without a licence/certificate/permission on execution of Legal Undertaking/ Bank Guarantee with the Customs Authorities provided that the item is freely exportable without any conditionality/ requirement of licence/ permission as may be required under ITC (HS) Schedule II.
2) Para 2.36 pertaining to the export of imported goods is amended as under:
Goods, including those mentioned as restricted item for import ( except prohibited items) may be imported under Customs Bond for export in freely convertible currency without a licence/certificate/ permission provided that the item is freely exportable without any conditionality/ requirement of licence/ permission as may be required under ITC (HS) Schedule II.
This issues in public interest.
(L.Mansingh)
Director General of Foreign Trade
Ex officio Addl Secretary to the Government of India
(A.B.Menon)
Dy. Director General of Foreign Trade