PUBLIC NOTICE NO.71(RE-01)/ 1997-2002, Dt. 22/02/2002
Application for certification of Export Performance of units in the pharma and biotechnology sectors by the RLA’s as per Customs Not 10/2002
In exercise of powers conferred under Paragraph 4.11 of the Export and Import Policy 1997-2002, as notified in the Gazette of India extraordinary, Part-II Section 3, Sub section (ii) vide S.O. No.283(E) dated 31.03.1997, the Director General of Foreign Trade hereby makes the following amendment in Handbook (Vol 1).(RE-01), 1997-2002.
The Central Board of Excise and Customs (CBEC) has vide
Notification No 10/2002 dated 21.01.2002 permitted the duty free imports of goods upto one percent of the FOB value of exports during the preceding financial year specified in List 27A by units in the Pharmaceutical and Biotechnology sectors having export turnover of Rs 20 Crores and above during the preceding licensing year if such importer has Research and Development wing which is registered with the Department of Scientific and Industrial Research in the Ministry of Science and Technology.
However the said notification mandates the production of a certificate from the Joint Director General of Foreign Trade in the Department of Commerce certifying the FOB value of exports made during the preceding licensing year along with the value and quantity of goods imported under Notification 10/2002 during the current licensing year.
It is hereby decided that under the procedure specified in Customs Notification 10/2002, the Regional Licensing Authorities under whose jurisdiction the registered office of company or Head Office of the firm is located may issue certificates as per
Appendix 60 attached to this Public Notice on receipt of a formal application along with
Appendix 1 A (in duplicate) from the respective applicants.
This issues in public interest.
(N.L.Lakhanpal)
Director General of Foreign Trade
Copy to all concerned,
By orders etc.
(Bipin Menon)
Dy. Director General of Foreign Trade
(File No: 01/94/180/051/AM02/PCIV)
Appendix 60: Application for Certification of Export Performance of Units in the Pharmaceutical and Biotechnology sectors by the Regional Offices of the DGFT as per Customs Notification No 10/2002.
- Name and Address of the Applicant:.............................................................
- IEC Number : ..........................................................................................
- Details of exports and import entitlement:
| Preceding licensing year’s physical exports (in Rs crores) | Entitlement @ 1% of the FOB value of physical exports | Cumulative imports already undertaken under Customs Not 10/2002 (in Rs. crores) | Balance import entitlement (in Rs. crores)
(2) – (3) | CIF Value of Import to be undertaken under this application (In Rs. crores) | Balance entitlement of imports
(4) – (5) |
| (1) | (2) | (3) | (4) | (5) | (6) |
| | | | | | |
Declaration / Undertaking by the Proprietor/ Partner/ Director
- We/ I hereby declare that the said goods are to be imported for Research and Development purpose only
- We/ I hereby undertake that the total value of goods imported during 2001-2002 under Customs Notification No 10/2002 will not exceed 1 % of the FOB value of exports in the financial year 2000-2001.
- We/ I hereby undertake that the imported goods would be installed in the said Research and Development Wing of the importer within 6 months of the date of importation. These goods would not be transferred or sold for a period of 7 years from the date of installation.
- We/ I hereby declare that the imports by the unit are for Research and Development in the Pharmaceutical and Biotechnology sectors.
- We/ I hereby declare that the Research and Development wing of the unit which has undertaken these imports is registered with the Department of Science and Industrial Research in the Ministry of Science and Technology of the Government of India.
- We/ I hereby declare that the above statements are true and correct and nothing has been concealed or held therefrom. We/ I fully understand that any information furnished if proved incorrect or false will render us/ me liable for penal action and other consequences as may be prescribed in the FTDR Act 1992, Foreign Trade Regulation Rules , 1993 and Orders framed thereunder, and any other law in force
Name of the Proprietor/ Director (s)/ Partner (s)….............................................. Signature of the Proprietor/ Director(s)/ Partner(s)..............................................
Designation.....................................................................
Date: ................................... Place:................................
CHARTERED ACCOUNTANTS CERTIFICATE
This is to certify that the We/ I have verified the details furnished by the unit as at S.Nos 1 to 3 along with the Declaration/ Undertaking given by the Proprietor/ Partner/ Director of the unit(s) and find them to be true and correct.
Chartered Accountant’s Name:..............................................
CA Number:.......................................................................
Address............................................................................
......................................................................................
VERIFICATION BY THE REGIONAL OFFICE OF THE DIRECTORATE GENERAL OF FOREIGN TRADE
This is to verify that the details supplied by the firm in the said Appendix have been verified by the Chartered Accountant and are correct as per the records submitted by the Unit to this office. The certificate is issued for allowing duty free import of listed equipment given in List 27A of the Customs Notification 10/2002 dtd 21.02.2002 for a value of Rs .........................( words and figures ................................................) subject to conditions mentioned in the aforesaid Customs Notification.
Date:...............................
Place:..............................
Foreign Trade Development Officer
Office of the Joint Director General of Foreign Trade, ...................................
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