The Gazette of India
EXTRAORDINARY
PART II—Section 3—Sub-section (ii)
PUBLISHED BY AUTHORITY
No. 527] NEW DELHI, WEDNESDAY, NOV. 29,1978/AGRAHAYANA 8, 1900
1482 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I I - S E C. 3(ii)]MINISTRY OF INDUSTRY
(Department of Industrial Development)
NOTIFICATION
New Delhi, (he 29th November, 1978
S.O, 687(E).—In exercise of the powers conferred by sub-section (1) of section 29-B of the Industries (Development and Regulation) Act, 1951 (65 of 1951), the Central Government hereby makes the following amendment in the notification of the Government of India in the Ministry of Industry, Department of Industrial Development No, S.O. 28l(E) dated the 26th April, 197K namely :—
In the said notification, for the item "foreign exchange limits", the following item shall be substituted, namely :—•
"Foreign Exchange Limits :
(c) (i) the proposed investment docs nol require foreign exchange per year in excess of 10% of the cx-factory values of the annual production arising from such investment or Rs. 25 lakhs, whichever is less, for the import of raw materials (other than steel and aluminium) re- quired for such manufacture ;
(ii) the proposed investment does not require foreign exchange in excess of 10% of the cx-factory value of the annual production arising from such investment or Rs. 15 lakhs, whichever is less, in nny year after three years of the commecement of production for the import of parts and components for such manufacture".