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Exim Policy Amendments - Jan 28, 2004

No.14/005/106/2004                                                                                     Jan 29, 2004

Members of the Council,

Dear Members,

Sub: Exim Policy Amendments –reg

As you are aware, a series of trade facilitation measures were announced by DGFT on Jan 28, 2004 primarily to bring down the transaction costs, with a view to provide an impetus to International trade, accelerate incremental growth rate of Indian exports and enable India to emerge as a manufacturing hub for quality goods and services. Towards this direction, Export-Import Policy & Procedures 2002-07 has been amended, and some of the important highlights of such amendments are as under:

  • Further simplification in the EPCG scheme, with more flexibility given to discharge the export obligations under the scheme

  • Duty free fuel permitted with actual user condition under DFRC scheme, with the objective to bring down the power cost to the exporters

  • Filing of license and other applications using digital signature facility 

  • Upto 5 lakhs worth of free gifts can be exported 

  • Gold card scheme for credit worthy exporters with good track record for easy availability of export finance on best term being worked out by RBI.

Please find enclosed a summary of the Exim facilitation measures as announced by DGFT in the attachment file, which is self-explanatory. 

The relevant Notifications / Public Notices issued by the DGFT for giving effect to these amendments have been hosted in the CLE website www.leatherindia.org under Policy section, as detailed below: 

Public Notice No.39
28.1.2004		 Amendments in HBP related to EPCG, Prototypes, Export of free samples etc
Public Notice No 40
28.1.2004		 Changes in duty free credit entitlement for status holders
Public Notice No 41
28.1.2004		 Amendments in HBP related to duty exemption scheme
Public Notice No 42
28.1.2004		 Amendments in EPCG Procedures
Public Notice No 43
28.1.2004		 Amendments related to EOU etc
Public Notice No 44
28.1.2004		 Amendments in Deemed Export Policy
Public Notice No 45
28.1.2004		 Refund of application fee submitted through Electronic fund Transfer and 50% fee waiver procedure
Notification No.
28/RE-2003
28.1.2004		 Amendments in Export-Import Policy 
Notification No
29/RE-2004
28.1.2004		 Amendments the ITC (HS) Classification of Export and Import items 2002-07

This is for your information and necessary guidance of member-exporters.

With best wishes,

Yours sincerely, 

S Audiseshiah
Executive Director

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