( TO BE PUBLISHED IN
THE GAZETTE OF INDIA EXTRAORDINARY PART-1,SECTION-1 )
GOVERNMENT OF
INDIA
MINISTRY OF
COMMERCE AND INDUSTRY
DEPARTMENT OF COMMERCE
PUBLIC NOTICE
NO. 4
/(RE 2003) 2002-2007
NEW DELHI; DATED THE 3rd APRIL, 2003
Subject:
Continuance of deemed export benefits
under para 190 (f) and 220 (3) of the Import and Export Policy,
1988-91 for
Supply of Turbine and Motor
Generator Sets for River Body Project House of Sardar Sarovar Narmada
Project
in the wake of withdrawal of
OECF funds.
- - - - -- - - - -
Attention
is invited to Para 190 (f) and Para 220 (3) of the Import and Export Policy,
1988-91 in terms of which indigenous supplies to Projects financed by
multilateral/bilateral external agencies were eligible for deemed export
benefits.
2. Representations
have been received for continuance of deemed export benefits to the supply of
Turbine and Motor Generator Sets for River Body Project House of Sardar Sarovar
Narmada Project as mentioned above in the wake of withdrawal of OECF funding.
3. The matter has been considered and it has been decided that :-
( i) All
contracts awarded / Letter of Intent issued by Sardar Sarovar Narmada Nigam
Ltd. prior to the date of suspension of OECF fund on 25.11.1990 would be
entitled to the deemed export benefits that existed on this date.
( ii ) The
benefits under the deemed export policy, as stated above, shall be available
for supplies made during the contracted period of the delivery schedule which
also includes the extended period of delivery schedule by the Project Authority
for execution of the Project.
( iii )Where supplies in respect of contracts, as
contained in Para 3(i ) & (ii ) above have already been completed on the
date of issue of this Public Notice, such contracts shall not be eligible for
grant of Advance licence for deemed export unless such licence had already been
applied for prior to effecting the aforesaid supplies.
( iv ) In
respect of cases referred to in ( i ) above, the Project Authority will
specifically mention that the contract had been entered into/Letter of Intent
issued prior to 25.11.1990.
This
issues in public interest.
(
L. Mansingh )
Director
General of Foreign Trade
Copy
to all concerned;
By
order etc.,