Skip to main content
India's Trade & Customs Knowledge Base
Live on PostgreSQL About• Contact• Sign in Subscribe
EK EXIMKEY
Export · Import · Customs · DGFT Intelligence
Daily Updates Membership
Circular

NTF. NO. 37(RE-2000), DT. 11/10/2000

Document type
Circular
Reference no.
D
Dated
Category
Notifications Issued In The Year-2000

Public/Private Bonded Warehouses

Notification No. 37 (RE-00)/1997-2002 dated the 11th October, 2000


      Public/Private Bonded Warehouses
      -Eligible to transact their business of import, supply

      EOUs/EPZ Units
      -Gold, Silver Import of 0.999/0.900 Fineness Allowed and

      re-export of rough diamonds through the designated Diamond Dollar Account.
In exercise of powers conferred by Section 5 of the Foreign Trade (Development and Regulation) Act, 1992 (No.22 of 1992) read with paragraph 1.3 of the Export and Import Policy,1997-2002 (incorporating amendment made upto 31.3.2000), the Central Government hereby makes following amendments in the Export and Import Policy, 1997-2002 (incorporating amendment upto31.3. 2000.

    1. The following shall be added at the end of paragraph 8.13(a): -

    "The licence holders of Public/Private Bonded Warehouses operating under paragraph 8.13 of EXIM Policy shall also be eligible to transact their business of import, supply and re-export of rough diamonds through the designated Diamond Dollar Account. Even for the Private/Public Bonded Warehouses, the Scheme is optional and if they wish to continue to use the Rupee Account, they shall be allowed to do so under the existing EXIM Policy. The eligibility criteria mentioned above for diamond firms and companies shall not be applicable in case of Private/Public Bonded Warehouses".

    2. Paragraph 8.28 shall be amended to read as under: -

    "These units may import their essential inputs for export production. They may also source gold/silver/platinum of fineness not less than 0.995/0.999/0.900 respectively through the nominated agencies".

This issues in Public Interest.

Sd/-
(N.L. Lakhanpal)
Director General of Foreign Trade
And Ex-officio Additional Secretary
to the Government of India

Related Content

In This Category

48,405
HS Codes covered
Section to 8-digit product level
37,765
Regulatory documents
DGFT, Customs, Excise, RBI & GST
152,183
Import duty lines
Tariff lines with effective rates
20,499
SION norms
Standard input–output norms