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NEWS LETTER
DGFT
Foreign Trade Policy
Exim Policy (01/04/2001 to 31/03/2002)
Para 3.41
"Raw material" means:
(i) basic materials which are needed for the manufacture of goods, but which are still in a raw, natural, unrefined or unmanufactured state; and
(ii)for a manufacturer, any materials or goods which are required for his manufacturing process, whether they have actually been previously manufactured or are processed or are still in a raw or natural state.
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