PN No. 29/(RE-97)/1997-2002 Dated 29-07-1997
- Document type
- Circular
- Reference no.
- A
- Dated
- Category
- Public Notices w.e.f 01/04/1997
Deemed Exports - Supplies of Oil and Gas Sectors and Notifiaction
Public Notice No. 29(PN)/1997-2002 dated the 29th July, 1997
Deemed Exports status to supplies to Oil and
Gas sectors and News Refineries
-Conditions changed -Excise duty refund restricted
In exercise of the powers conferred under paragraph 4.11 of the Expor1 and Impor1 Policy, 1997-2002, the Director General of Foreign Trade hereby makes the following amendment in the Handbook of Procedure (Vol.1), 1997-2002.
2. At the end of the Paragraph 10.11 the following sub-paragraphs shall be added
Supplies under Paragraph 10.2(g) of the Policy to the new Refineries, being set up during the 9th plan period, shall be entitled for deemed expor1 benefits provided the items and equipments of supplies are covered under Custom Notification No.55197 dated 13.6.1997, as amended from time to time and such supplies are made under International Competitive Bidding or Limited Global Tender, without reference to the bid evaluation methodology. The domestic supplier shall be eligible for the benefits given in Paragraph 10.3(a), (b) and (d) of the policy only.
Sd/-
(S.B.Mohapatra)
Director General of Foreign Trade