R&D SUPPORT ORDER 2006- MINISTRY OF TEXTILE INDUSTRY
|EPD Circular Letter No. / 03 EPP 1(51) 3% R&D -2006||February 13, 2007|
Attention of Authorized Dealers is invited to EPD Circular Letter No. 23 /EPP-1(51)-3% R&D-2006 dated December 05, 2006 on the captioned subject.
Now, Ministry of Textile Industry vide their O. M. No.8 (102) TID/06 dated February 08, 2007 has replaced the existing procedure circulated through the above mentioned Circular Letter with the following procedure:-
\"R&D Support may be allowed on goods (mentioned in the SRO 803 (I)/2006 dated 10-08-2006 as amended vide SRO 931(I) 2006 dated 4-09-2006 and SRO No.1128 (I) 2006 dated 10-11-2006), exported against Bill of Lading, Air way Bills, House Airway Bills, and Forwarders Cargo Receipts (FCRs) subject to the condition that the Bank(s) of the exporter(s) certify that:-
- Payment of goods exported against each of these Bills/FCR (whose numbers should be mentioned) has either been realized by them, or
- Export is against an irrevocable Letter of Credit containing the clause that the shipment may be made against these documents.
In case of House Airway Bills, submission of copy of Carrier Airway Bill will, however, be necessary.”
The earlier instructions circulated vide EPD Circular Letter No.23 dated 05-12-2006 stand withdrawn.
Authorized Dealers are advised to bring the same to the notice of all their constituents.