NOTIFICATION NO. 31(RE-99)/1997-2002 Dated the 1st November, 1999

Price of Imported Steel Items Reduced

In exercise of powers conferred under section 5 of the Foreign Trade (Development and Regulation) Act, 1992 read with paragraph 1.3 and 4.1 of the Export and Import Policy, 1997-2002, the Central Government hereby makes the following amendment in the Policy, 1997-2002 (incorporating amendment made upto 31.3.99) and ITC(IIS) Classification of Export and Import item, 1997-2002 published on 31st March, 1997 and as amended from time to time.

1. Minimum c.i.f. value of Sr No 1 to 7 of Import Licensing Notes 3, appearing in Chapter 72 of the said ITC(HS) Classifications of Export and Import Items 1997-2002, after amendment shall read as under:

SI. No.	ITC(HS) Code	Description	Minimum c.i.f. value (US $ per Tonne)
1.	72.08	H.R. Coils	190.5
2.	72.08	HR Sheets	201.75
3.	72.09	CR Coils/ Sheets	263
4.	72.10	Tinplate Waste/Waste/ Tinplate Misprints	465
5.	72.25/72.26	Electrical Sheets (CRNO)	493
6.	72.08/72.11	Plates	278
7.	72.27.90	Alloy Steel Bars & Rods (Hot Rolled in Coils)	435

2. Minimum c.i.f.value of Sr. No. 1 to 7 of Import Licensing Notes 4, appearing in Chapter 72 of the said ITC(HS) Classifications of Export and Import Items 1997-2002, after amendment, shall read as under:

SI. No.	ITC(HS) Code	Description	Minimum c.i.f. value (US $ per Tonne)
1.	72.08	H.R. Coils	254
2.	72.08	HR Sheets	269
3.	72.09	CR Coils/Sheets	351
4.	72.10	Tinplate	620
5.	72.25/72.26	Electrical Sheets (CRNO)	657
6.	72 . 08/72.11	Plates	370
7.	72.27.90	Alloy Steel Bars & Rods (Hot Rolled in Coils)	580

3. The minimum cif value of import as stipulated in licensing note No.4 above shall be effective for a period of two months from the date of issue of this Notification, and the minimum import prices as indicated above in the said licensing note shall be treated as withdrawn after the said period of two months.

This issues in public interest.

Sd/-
(N.L. Lakhanpal)
Director General of Foreign Trade

Presented by eximkey.com