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Exim Policy 2001-2002
New Export and Import 2001-2002
6. ANNUAL ADVANCE LICENCE
Extension of Annual Advance Licence facility for deemed exports and intermediate supplies.
The entitlement for Annual Advance Licence increased from 125% to 200% of the FOB value of preceding year exports.
Extension of Annual Advance Licence to other than Standard Input Output Norms exports.
Clubbing facility for Annual Advance Licence.
Dispensing with the need of technical characteristics for inputs except for items in the sensitive list.
7. ADVANCE LICENCE
Duty free import/procurement of fuel allowed under Standard Input Output Norms for sectors where the same cost more than 10% of the manufacturing cost.
The facility of Advance Licences extended even to the cases where some of the inputs are supplied free of cost by the buyer.
The entitlement for Advance Licence where SION does not exist increased from 100% to 200% of the FOB value of preceding year exports for Export House/Trading House/Star trading House/Super Star Trading House.
Additional facility for Advance Licence where SION does not exist beyond entitlement as well against execution of Bank Guarantee.
Dispensing with the need of technical characteristics for inputs except for items in the sensitive list.
The facility of back to back LC for Advance Licence, which is presently confined to one bank and one branch, extended to cover any bank and branch.
Revalidation of expired Advance Licences, where export obligation has been completed, by six months.
506 new Standard Input Output Norms fixed during 2000-01.
No penalty for valuewise shortfall under Advance Licence except for the Customs duty together with interest provided the licence holder has achieved positive/minimum value addition.
Coverage of additional ports under Advance Licence
Simplification of form relating to Advance Licence on SION.
8. DUTY FREE REPLENISHMENT CERTIFICATE SCHEME
Validity of DFRC to be extended from 12 months to 18 months.
Dispensing with the need of technical characteristics for inputs except for items in the sensitive list.
Automatic calculation of CIF value under DFRC scheme without reference to international price of individual inputs.
Provision incorporated for claim of DFRC against advance payment.
Coverage of additional ports under DFRC
Split up facility extended to DFRC scheme to give operational flexibility to the holder of DFRC.
9. DUTY ENTITLEMENT PASSBOOK SCHEME
Provision made for claiming DEPB against advance payment.
Validity of DEPB extended upto the last day of the month in which the same is expiring.
Rationalisation of DEPB rates in line with changes in Customs duty on account of union budget.
Coverage of additional ports under DEPB.
TRA facility extended to all notified ports under DEPB scheme.
10. EOU/EPZ/EHTP/STP UNITS
NFEP/EP norms rationalized. EOU/EPZ units allowed to achieve minimum Export Performance of 3 times the value of CG over 5 years instead of 5 times the value of CG. Highest NFEP requirement pegged at 10%.
Gem and Jewellery provisions relating to EOU/EPZ units contained in Chapter 8 merged into Chapter 9 for greater clarity.
Supplies made to bonded warehouses set up under para 11.14 and 9.21 of the policy by EOU/EPZ units to be treated as exports for the purpose of domestic sales entitlement.
Sub-contracting of production process abroad permitted. At present sub-contracting is permissible only within the country.
DTA sale against foreign exchange, which is counted towards NFEP/EP is being confined to payment made from EEFC account of the buyer only.
Simplification of procedure regarding utilization of goods. EOU/EPZ units now have to account for duty free goods in over all terms and not consignment-wise. This is expected to facilitate ease in operation.
E-Mail address is being made compulsory for approving EOU/EPZ units from 1.4.2001.
Greater delegation to Development Commissioner's to approve EOU/EPZ projects. At present, Development Commissioners cannot approve project beyond US$20 million.This value restriction is being withdrawn.
Suitable procedure provided for conversion of DTA units into EOU scheme having outstanding export obligation under advance licensing scheme by carrying forward goods imported under advance Licensing scheme.
Joint Monitoring of EOU/EPZ units by a Committee consisting of DC and customs.
11. GEMS & JEWELLERY SECTOR
Extension of Diamond Dollar Account scheme (DDAS) to diamond studded jewellery exporters, having an average annual turnover of Rs.5 crore or above during the preceding three licensing years, allowing DDAS holders to operate up to five bank accounts (from maximum of two accounts prescribed earlier) and allowing non-DDAS holders to supply cut and polished diamonds to DDAS holder, which would counted towards discharge of his export obligations or entitle for a Replenishment licence as the case may be.
With a view to facilitate certification/grading by international laboratories/ agencies cut and polished diamonds weighing 0.50 carats and above, have been permitted for export and return of such diamonds for certification purposes.
More flexibility to exporters under the Gold Loan Scheme by allowing exporters to fix the price and repay the gold loan within 180 days from the date of export subject to this price being also confirmed by the final buyer and the nominated agency supplying the gold.
Exporters allowed to personally carry gems and jewellery of a value not exceeding US$ 2 million for purposes of holding/ participating in overseas exhibitions.
The foreign buyer scheme wherein precious metals can be supplied free of cost to the Indian manufacturers for job working, has been extended to exporters having an annual average turnover of Rs.5 crores during the preceding three years.
The provisions of personal carriage of gems and jewellery export and import parcels is now available from Bangalore Airport also in addition to Delhi, Mumbai, Kolkata and Chennai.
12. DEEMED EXPORTS
The suppliers have been given the option to file application either projectwise or covering supplies to all projects during a month/quarter or half yearly while claiming Terminal Excise duty/Drawback facility. They have also been given the option to file claim covering all the supplies to a project.
A standard format prescribed for receipt of payment through normal banking channel.
For supplies under paragraph 10.2(d)(e)(f) and (g) of the Policy, the sub-contractor has been given the facility to file Terminal Excise duty refund without waiting for payment from the main contractor.
13. COMPUTERISATION/EDI:
The facility of electronic filing of applications extended to 29 out of 31 offices of DGFT. The facility of offline filing introduced.
The electronic filing shall be extended to all categories of licences.
14. PROCEDURAL SIMPLIFICATION
Profile of importer/exporter to be submitted once and to be submitted thereafter only in case of any change in the information already furnished.
Facility of clarifications/interview through E-Mail.
No time limit for filing application for golden status.
Restricted Import Licensing Committee, Export Licensing Committee, Classification Committee abolished.
15. MISCELLANEOUS
Double weightage for grant of status to the units exporting marine products with 'Q' mark Certification.
Prospective/potential exporters allowed to become associate members of the export promotion councils.
Free import of second hand capital goods upto 10 years old.
