Executive Summary:
This notification, issued by the Ministry of Commerce and Industry, permits the export of stone aggregate to the Republic of Maldives under a bilateral trade agreement. It establishes annual quantity ceilings for the export of stone aggregate for the fiscal years 2014-15, 2015-16 and 2016-17. CAPEXIL is responsible for monitoring these ceilings and ensuring suppliers have the appropriate clearances. The notification is effective from March 27, 2014.
Key Points / Main Content:
* **Export of Stone Aggregate to Maldives:**
* Permitted under the Bilateral Trade Agreement between the Government of India and the Government of the Republic of Maldives.
* **Annual Quantity Ceilings (Metric Tons):**
* 2014-15: 500,000 MT
* 2015-16: 550,000 MT
* 2016-17: 600,000 MT
* **CAPEXIL Responsibilities:**
* Issue No Objection Certificates within the specified annual ceilings.
* Monitor the ceilings for stone aggregate exports.
* Submit quarterly reports to the Export Cell in the Directorate General of Foreign Trade (DGFT).
* Ensure that suppliers/extractors have obtained appropriate clearances for the exported quantities.
Impact Analysis:
* **Exporters/Suppliers/Extractors of Stone Aggregate:**
* *Impact:* Opportunity to export stone aggregate to the Republic of Maldives within specified limits, subject to clearances.
* *Action Required:* Obtain appropriate clearances before exporting stone aggregate and adhere to the annual ceiling limits.
* **CAPEXIL:**
* *Impact:* Responsible for monitoring the export of stone aggregate to Maldives and ensuring compliance with the notification.
* *Action Required:* Issue No Objection Certificates, monitor annual ceilings, submit quarterly reports to DGFT, and ensure suppliers have the necessary clearances.
* **Directorate General of Foreign Trade (DGFT) - Export Cell:**
* *Impact:* Receives quarterly reports from CAPEXIL regarding stone aggregate exports to the Republic of Maldives.
* *Action Required:* Monitor reports from CAPEXIL.
Key Entities Referenced
Maldives: A country, officially known as the Republic of Maldives, which is party to a bilateral trade agreement with the Government of India concerning the export of stone aggregate.
Foreign Trade Policy, 2009-2014: A policy document pertaining to foreign trade, referenced in the notification, and amended from time to time.
Foreign Trade Development and Regulation Act, 1992: An act of the Indian Parliament that empowers the central government to regulate foreign trade. Specifically, Section 5 of this act is referenced.
Stone Aggregate: A commodity that is the subject of export regulations to the Maldives, with specific annual ceilings set for export quantities.
New Delhi: The location where the notification was issued.
Ministry of Commerce and Industry: The Indian government ministry responsible for the Department of Commerce, which issued the notification.
CAPEXIL: An entity responsible for issuing No Objection Certificates (NOCs) for stone aggregate exports to the Maldives within specified annual limits, monitoring the ceiling, and reporting quarterly to the Export Cell in DGFT.
Directorate General of Foreign Trade (DGFT): An agency of the Ministry of Commerce and Industry in India, responsible for implementing the Foreign Trade Policy. The Export Cell within DGFT receives quarterly reports from CAPEXIL.
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1398 GI/2014 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
MINISTRY OF COMMERCE AND INDUSTRY
(Department of Commerce)
NOTIFICATION
New Delhi, the 27th March, 2014
No. 76 (RE-2013)/2009-2014
Subject : Export of Stone Aggregate to Maldives under Bi-lateral Trade Agreement between Government of India
and Government of the Republic of Maldives.
S.O. 920(E).—In exercise of powers conferred by Section 5 of the Foreign Trade (Development & Regulation Act,
1992 (No. 22 of 1992), as amended read with Para 1.3 of the Foreign Trade Policy, 2009-2014, as amended from time to time,
the Central Government hereby substitutes the Export Licencing Note 1 as appearing in Chapter 25 of Schedule 2 of ITC(HS)
Classification of Export & Import Items, as below :
“Note 1
(i) Export of Stone Aggregate to Maldives permitted as per ceiling mentioned below subject to issue of No
Objection within the annual ceiling by CAPEXIL who shall monitor the ceiling and send a quarterly report to
Export Cell in DGFT:
S.No. Item Annual Ceiling of Quantity in MTs
2014-15 2015-16 2016-17
1. Stone Aggregate 5 lakh 5.5 lakh 6 lakh
(ii) For the export of above quantity of Stone Aggregates, CAPEXIL shall ensure that the suppliers/extractors
have obtained appropriate clearances¸.
2. Effect of this notification:
Export of the quantities of Stone Aggregate with the annual ceiling indicated in the respective columns in
Export Licencing Note 1 (i) above has been permitted for export to the Republic of Maldives under Bi-lateral
Trade Agreement between Government of India and Government of the Republic of Maldives.
[F. No. 01/91/171/59/AM. 9/Export Cell]
MADHUSUDAN PRASAD , Director General of Foreign Trade
Printed by the Manager, Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.