Govt liberalises export of SCOMET items from DTAs to SEZs
Quotes

Govt liberalises export of SCOMET items from DTAs to SEZs

Last Updated: Friday, January 6, 2012, 21:45
 
 Comment 0
 
Govt liberalises export of SCOMET items from DTAs to SEZs
New Delhi: The government on Friday liberalised the export of special chemicals, organisms, materials, equipment and technologies, such as aerospace systems and toxic chemicals, from Domestic Tariff Areas to Special Economic Zones.
     
The Directorate General of Foreign Trade (DGFT) notified that no export permission is required for supply of SCOMET (special chemicals, organisms, materials, equipment and technologies) items from Domestic Tariff Areas (DTA) to Special Economic Zones (SEZ).
     
"No export permission is required for supply of SCOMET items from DTA to SEZ," the notification said.
      
However, all supplies of SCOMET items from DTAs to SEZs will be reported to the Development Commissioner of the respective SEZ by the supplier within one week of being effected, it added.
     
Furthermore, the notification said SCOMET items exported outside the country, both from SEZs and DTAs, including Export Oriented Units (EOUs), will require permission.
     
Of the 148 operational SEZs in the country, only one is operating in the aerospace area, namely the Andhra-based APIIC Ltd SEZ, which is also focused on precision engineering.

PTI




First Published: Friday, January 6, 2012, 21:45


Comments


comments powered by Disqus
Audi TT Coupé
Audi TT Coupé
Shanghai Auto Show 2015
Shanghai Auto Show 2015
PM Narendra Modi in France
PM Narendra Modi in France
PM Modi`s Make in India push in Germany
PM Modi`s Make in India push in Germany
Renault Lodgy MPV
Renault Lodgy MPV

Web Wrap
Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved