NOTIFICATION NO. 05/2012, DT. 02/07/2012
Conditions for export of Carpets, Handicraft items and Silk items.
S.O.(E) In exercise of the powers conferred by Section 5 of the Foreign Trade (Development & Regulation) Act, 1992 (No.22 of 1992) as amended, read with Para 2.1 of the Foreign Trade Policy, 2009-2014, the Central Government hereby makes following amendments in Table A of the Schedule 2 of the ITC(HS) Classification of Export and Import Items, by inserting entry at S.No. 8 A, 8 B & 8 C, with immediate effect, as under:-
|
S.No. |
Chapter |
Item Description |
Export Policy |
Nature of Restriction |
|
8A |
57 |
Handmade Woolen Carpets including other floor coverings like Woolen Durries, Druggets, Gabbas, Namdhas and Shaggy |
Free |
Export shall not be permitted on the basis of Documents against Acceptance (D/A)
unless
(a) Such export is covered either by Bank Guarantee or ECGC Guarantee
or
(b) Such export is to own Subsidiaries/ own Trading Companies / own Office-cum-warehouses. |
|
8B |
Any chapte |
Handicraft items |
Free/Restricted (as applicable) |
Export shall not be permitted on the basis of Documents against Acceptance (D/A)
unless
(a) Such export is covered either by Bank Guarantee or ECGC Guarantee
or
(b) Such export is to own Subsidiaries/ own Trading Companies / own Office-cum-warehouses.
This will be with effect from 01.01.2013 |
|
8C |
Deleted |
(Above table has been revised vide NOTIFICATION NO. 14/2012, DT. 28/08/2012)
[OLD
|
S.No. |
Chapter |
Item Description |
Export Policy |
Nature of Restriction |
|
8A |
57 |
Handmade Woolen Carpets including other floor coverings like Woolen Durries, Druggets, Gabbas, Namdhas and Shaggy |
Free |
Export shall not be permitted on the basis of Documents against Acceptance (D/A)
unless
(a) Such export is covered either by Bank Guarantee or ECGC Guarantee
or
(b) Such export is to own Subsidiaries/ own Trading Companies / own Office-cum-warehouses.
|
|
8B |
Any chapter |
Handicraft items |
Free/ Restricted (as applicable) |
|
8C |
Any chapter |
Silk Garments, Made ups, Fabrics and Accessories |
Free |
]
2. Effect of this notification:
Export of Handmade Woolen Carpets, Handicraft items and Silk items etc. (details given above) shall not be permitted on the basis of Documents against Acceptance (D/A) except when covered by (a) Guarantee from Bank or ECGC or (b) made to own Subsidiaries etc.
(Anup K. Pujari)
Director General of Foreign Trade
E-mail:- dgft[at]nic[dot]in
(Issued from F. No. 01/91/180/510/AM 12/Export Cell)
Presented by eximkey.com