Public Notice No. 74(RE-97)1997-2002 dt. 26.2.1998

G & J Scheme -LUT Limit for Overseas Cos.

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-11 Section 3-Sub-section ~ii) vide S,O. No.283 (E) dated 31.3.97, the Director General of Foreign Trade hereby makes following amendments in the Handbook of Procedures, 1997 -2002, Vol. 1.

1. In Para 8.14(a) of Chapter 8, HBP vol. 1, S.No. 5 shall be added as:

Any overseas company with its branch office in India with an annual average turnover in diamonds during preceding three licensing years not less than As. 150 crores.

Upto50% of Annual average turnover of the preceding three licensing years.

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

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