AP (DIR Series) (2002-2003) Circular No. 33, dated 23-10-2002
Attention
of authorised dealers is invited to A.P. (DIR Series) Circular No. 6, dated
September 24, 2001 and A.P. (DIR Series) Circular No. 2, dated July 4, 2002 in
terms of which manufacturer exporters/merchant exporters/traders of certain
products and having export contracts of Rs. 100 crore and above in value terms
in one year, have been allowed a period upto 365 days from the date of shipment
for realisation and repatriation of full value of the export of products
specified therein.
2. On
review, it has been decided to extend this facility for realisation of export
proceeds upto 365 days from the date of shipment, for a further period of one
year i.e. for shipment of the products listed in the Annexure made upto
September 30, 2003.
3. Authorised
Dealers may please bring the contents of the circular to the notice of their
constituents concerned.
4. The
directions contained in this circular have been issued under section 10(4) and
section 11(1) of the Foreign Exchange Management Act, 1999 (42 of 1999).
Products eligible for exports with extended period of realisation by
manufacturer exporters/merchant exporters/traders
1. Pharmaceuticals
(including drugs, fine chemicals).
2. Agro-chemicals
(including inorganic and organic chemicals)
3. Transport
equipment (including commercial vehicles, two and three-wheelers, tractors,
railway wagons, locomotives).
4. Cement
(including glass, glassware, ceramics and refractories).
5. Iron
& Steel (including iron and steel bars/rods and primary and semi-finished
iron and steel).
6. Electrical
machinery (including transmission line towers, switch gear, transformers).
7. Leather
and leather products.
8. Textiles.
9. Products
of aluminium.
10. Petroleum
products.
11. Sugar.
12. Foodgrains.