NOTIFICATION No. 28(RE-2000)/1997-02 Dated the 3rd August, 2000

(Russian Exports in rupee payments are eligible for DFRC)

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 upto 31.3.2000).

1. The following shall be added at Sl.No. (vi) of paragraph 7.4;

"Duty Free Replenishment Certificate may be issued in respect of exports for which payments are received in non-convertible currency. Such exports shall, however, be subject to value addition as specified in Appendix- 39 of Handbook (Vol.1).

This issues in public interest.

Sd/-
(N. L. Lakhanpal)
Directorate General of Foreign Trade

Presented by eximkey.com