Garment and Knitwears Export Entitlement (Quota) Policy (2000-2004) in respect of countries where such exports are covered by restraints under the provision of the Agreement on Textiles and Clothing. November, 2000, Notification No.l3-33-2000-Exports-I dated 8th January, 2001,Notification No.l-149-99-Exports-I dated 24th January, 2001, Notification No.1-121-2001 and Notification No.l-161-2000-Exports-I dated 30th April, 2001 on the above mentioned subject.

The Gazette of India

EXTRAORDINARY

PART I—Section 1

PUBLISHED BY AUTHORITY

No. 57] NEW DELHI, WEDNESDAY, MARCH 6, 2002/PHALGUNA 15, 1923761 GI/2002 (1) 2 THE GAZETTE OF INDIA: EXTRAORDINARY [PART I—SEC. 1]

MINISTRY OFTEX'l'lLES

NOTIFICATION

New Delhi, the 6th March, 2002

Subject: Garment and Knitwears Export Entitlement (Quota) Policy (2000—2004), in respect of countries where such

exports are covered by restraints under the provision of the Agreement on Textiles and Clothing.

No. i/15/2001-Exports-L— l. Attention is invited to Notification N o. 1/128/99

Exports-I dated 12th November, 1999, which was amended subsequently by Notifications of even number dated 10th December, 1999, 7th February, 2000, Notification No. 1/68/2000 dated 13th June, 2000, Notification No. 1/21/2000- Exports-I dated 21st July, 2000, Notification No.l/133/2000-Exports-I dated 20* November, 2000, Notification No.l3/33/2000-Exports-I dated 8th January, 2001, Notification No.l/149/99-Exports-I dated 24th January, 2001, Notification No.1/121/2001 and Notification No.l/161/2000-Exports-I dated 30th April, 2001 on the above mentioned subject.

2. In exercise of the powers conferred by Para 20 of the Policy, the Government of India hereby grants relaxation from the operation of Para 12(vii) to (ix) of the Policy for exports against entitlements of the year 2001, in the following manner:-

"(vii) The EMD/BG/LUT/Post Dated Cheque of an exporter who exports 75% or more of the entitlement would be released in full.

However, in the case of slow moving items, this percentage will be 50% or more.

(viii) The 'Quota Administering Authority' shall forfeit the EMD/BG, in case utilisation is 50% or more but less than 75% in case of fast moving items and 40% or more but less than 50% in case of slow moving items, proportionate to the shortfall in utilisation. (ix) If utilisation is less than the above, i.e. 50% in case of fast moving items and 40% in case of slow moving items, the EMD/BG/LUT/Post Dated Cheque shall be forfeited in full."

3. All other terms and conditions of the Notification mentioned in Para 1above will remain unchanged. ATULCHATURVEDl, Jt Secy, Pnntod by tho Manager, Govt of India Prew, Ring Road, Mayapuri. Now Uolhi-110064 tuid PubHuhcd by tho Controller of Publications, Delhi-110054