8.6.5

The benefit of deemed exports under para 8.2(f) [OLD - paragraph 8.3(f)-] of the Policy would be available for the supplies of goods specified in list 12 for categories specified in S.No.214, 216 and 217 of Department of Revenue notification No.21/2002-Customs dated 1/3/2002, as amended from time to time, required in connection with petroleum operations undertaken under petroleum exploration licences or mining leases as the case may be, issued or renewed after 01.04.1999 and granted by the Government of India or any State Government to the Oil and Natural Gas corporation or Oil India Limited on nomination basis, and petroleum operations undertaken under specified contracts including those new exploration licensing Policy.

(In above Para bold words before OLD has been amended vide PN No. 33/2002-07, Dt. 26/08/2002)

These supplies shall be regarded as deemed exports under the said Policy, provided the goods are manufactured in India, and shall be eligible for deemed export benefits given under paragraph 8.3(a)(b)and(c), whichever is applicable of the Policy.

In terms of the provision of para 8.2 (f) of the Exim Policy 2002-07, the benefits of deemed exports under para 8.3 (a), (b), and (c) whichever is applicable , would be available for the supply of Cupro Nickel Coin Blanks to a Mint of the Government of India, provided the goods are manufactured in India and subject to the fulfilment of condition No 26 against S.No 191 of Customs Notification No 21/2002 dated 01.03.2002 (as amended from time to time).

(Above para has been added vide PN No. 43/2002-07, Dt. 18/10/2002)