REGD. NO. D. L.-33004/99
The Gazette of India
EXTRAORDINARY
PART I—Section 1
PUBLISHED BY AUTHORITY
No.
314]
NEW DELHI, TUESDAY, NOVEMBER 27, 2001/AGRAHAYANA 6,1923
3663 GI/2001
(1)
REGD. NO. D. L.-33004/99
The Gazette of India
EXTRAORDINARY
PART I—Section 1
PUBLISHED BY AUTHORITY
No.
314]
NEW DELHI, TUESDAY, NOVEMBER 27, 2001/AGRAHAYANA 6,1923
3663 GI/2001
(1)
2
THE GAZETTE OF INDIA: EXTRAORDINARY
IPART I—SEC. 11
MINISTRY OF COMMERCE AND INDUSTRY
(Department of Commerce)
PUBLIC NOTICE
New Delhi, the 27th November, 2001
No. SI (RE-01)/1997—2002
Representations to this office suggest that in view of the extraordinary circumstances
that were created in the International trade scenario post September 11, 2001
terrorist attacks on the United States, export orders In the Gems and Jewellery
sector have been adversely affected. The matter was deliberated upon and it has
been decided to extend the export obligation period under the following export
categories which were affected by the terrorist attacks.
1.
In the case of exports on a replenishment basis as per paragraph 8.59 (I) of
the Handbook, the exports shall have to be effected within a period of 180
days from the date of booking provided the date of booking is on or prior to
1 1 * September, 2001.
2.
In the case of exports on an outright purchase In advance as per paragraph
8.59(11) of the Handbook (Vol 1), the exports have to be completed within
a maximum period of 180 days from the date of outright purchase of the
precious metal provided the outright purchase was made on or before 11th
September, 2001.
3
3.
In the case of exports against supply by nominated agencies on a loan basis,
the exports have to be completed within a maximum perlbd of 180 days
from the date of release of gold on loan basis provided the date of release of
gold on loan basis Is prior to or on 11 * September, 2001.
4.
For exports against Advance Licence under the Gems and Jewellery sector as
per paragraph 8.70 of the Handbook (Vol 1), the EO Is to be fulfilled within
180 days from the date of import of the first consignment against the first
licence provided this date of Import is prior to or on 11 * September, 2001.
It is further clarified that this amnesty would be available for exports to any of the
permissible destinations of export as per the Exlm Policy.
This issue: in Public Interest.
N.L. LAKHANPAL, Director General of Foreign Trade
Printed by the Manager, Govt. of India Press, Ring Road. Mayapuri, Now Ddhi-110064
and Published by the Controller of Publioations. Delhi-110054.
