Yarn, Fabrics and Made-ups Export Eutitlemeat (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 l. Attention is invited to Notification No. 1-129-99 Exports-I dated 12th November, 1999, which was amended subsequently by Notifications No.l3-33-2000-Exports-I dated 8th January, 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. 58] NEW DELHI, WEDNESDAY, MARCH 6, 2002/PHALGUNA15, 1923

MINISTRY OFTEXTILES

NOTIFICATION

New Delhi, the 6(h March, 2002

Subject: Yarn, Fabrics and Made-ups Export Eutitlemeat (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 No. 1/129/99

Exports-I dated 12th November, 1999, which was amended subsequently by

Notifications No.l3/33/2000-Exports-I dated 8th January, 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 1 l(ii) to (iv) of the Policy for exports against entitlements of the year 2001, in the

following manner;-

"(ii) 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.

(iii) 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.

(iv) 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 1

above will remain unchanged.

ATUL CHATURVEDI, Jt. Secy.

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