ALL EXIM POLICY NOTIFICATIONS ISSUED SIMULTANEOUSLY

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All notifications pertaining to the Export and Import (EXIM) Policy announced by Shri Arun Jaitley, Union Minister of Commerce & Industry and Law & Justice, have been issued simultaneously with the Policy. As indicated by Shri Jaitley, required notifications by the Director General of Foreign Trade (DGFT), Ministry of Commerce & Industry and the Central Board of Excise & Customs (CBEC), Department of Revenue, Ministry of Finance, covering provisions of the EXIM Policy 2003-04 have been issued simultaneously, for the first time.

The list of Customs Notifications pertaining to the Exim Policy issued by the Department of Revenue are:

1. Customs Notification 53/03 –Cus dated 1/4/2003 to operationalise Duty Free Entitlement Credit Certificate Scheme (vide paragraph 3.7.2.1(vi) of the Exim Policy).
2. Customs Notification No. 54/03-Cus dated 1/4/2003 to operationalise Duty Free Service Entitlement Credit Certificate Scheme (vide paragraph 3.8 of the Exim Policy)
3. Customs Notification No. 55/03/Cus dated 1/4/2003 to operationalise the new 5% duty EPCG Scheme (vide chapter 5 of the Exim Policy).
4. Customs Notification No. 56/03-Cus dated 1/4/2003 to operationalise Advance Licence for annual requirement scheme in respect of status holders (vide paragraph 4.1.7A of Exim Policy).
5. Customs Notification No. 57/03-Cus dated 1/4/2003 amending 4 earlier Customs notifications issued under Advance Licence, DEPB, DFRC and deemed exports schemes to synchronise with provisions of 2003-04 Exim Policy.

Further, the following 9 notifications covering SEZs (Special Economic Zones) / EOUs (Export Oriented Units) / EHTP (Electronic Hardware Technology Park) / STP (Software Technology Park) have been issued by the Department of Revenue, Ministry of Finance & Company Affairs: No. 22/2003-Central Excise dated 31^st March, 2003; No. 24/2003-Central Excise dated 31^st March, 2003; No. 25/2003-Central Excise dated 31^st March, 2003; No. 26/2003-Central Excise dated 31^st March, 2003; No. 27/2003-Central Excise dated 31^st March, 2003; No. 28/2003-Central Excise dated 31^st March, 2003; No. 8/2003-Customs dated 31^st March, 2003; No. 51/2003-Customs dated 31^st March, 2003; and No. 52/2003-Customs dated 31^st March, 2003.