For the purpose of this Policy, unless the context otherwise requires, the following words and expressions shall have the following meanings attached to them.
9.2
“Accessory” or “Attachment” means a part, sub-assembly or assembly that contributes to the efficiency or effectiveness of a piece of equipment without changing its basic functions.
9.3
“Act” means the Foreign Trade (Development and Regulation) Act, 1992 (No.22 of 1992).
9.4
“Actual User” means an actual user who may be either industrial or non-industrial.
9.5
“Actual User (Industrial)” means a person who utilises the imported goods for manufacturing in his own industrial unit or manufacturing for his own use in another unit including a jobbing unit.
9.6
“Actual User (Non-Industrial)” means a person who utilises the imported goods for his own use in
(i)
any commercial establishment carrying on any business, trade or profession; or
(ii)
any laboratory, Scientific or Research and Development (R & D) institution, university or other educational institution or hospital; or
(iii)
any service industry.
9.7
“AEZ” means Agricultural Export Zones notified by DGFT in Appendix 15 of Handbook (Vol 1).
9.8
“ALC” means the Advance Licensing Committee in the Directorate General of Foreign Trade for recommending grant of licences under Duty Exemption Scheme and for recommending Input Output norms and value addition norms to be notified by Director General of Foreign Trade.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment