NTF. NO. 12/1997, DT. 12/08/1997
Export House Registration -Triple weightage to direct exports by units regd. with KVIC or KVIBs
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 published in the Gazette of India extraordinary, Part-ll- Section 3-Sub-section (ii) vide S.O. No. 283(E) dated 31.3.97. the Central Government hereby makes following amendments in the Export and Import Policy, 1997 -2002:
The following shall be inserted as sub paragraph 12.7 (f):
"The manufacturing units registered with KVIC or KVIBs shall be granted triple weightage on FOB or NFE on the export of products manufactured by them and directly exported by them with effect from 15th August 1997. However, such units shall not be entitled for the weightage given in sub paragraph (a) and (b) above."
Sd/-
(S.B. Mohapatra)
Director General of Foreign trade
And Ex- Officio Additional Secretary to the Government of India
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