29. Licensing of capacities and
production within S-BIT zone or in the S-BIT units
will be totally eliminated as has been done in the
DTA, but LUT self-declared registration shall apply.
30. For purchase of capital
goods by exporters, the initial bonding will be for a
period of three years and for lease, a further
extension of two years shall be given.
31. The Customs Notification
No. 133/94 dated 22-6-94, Para 6, will be amended to
remove "such conditions and limitations as may
be imposed by him".
32. No GR Waiver permission
shall be required for export of samples upto export
value of US $ 5000 per consignment and replacements
without limit, but subject to post audit.
33. Automatic 'OFFSET' of
receivables against the payables will be allowed
without the need to seek permission of the Reserve
Bank of India.
Where the concept of S-BIT
units are extended to the formation of S-BIT zones,
the designated officers of the Department of
Electronics will be the administrative officers
responsible for the day-to-day operation of the
units, so that multiplicity of agencies involved in
import, export and other transactions is avoided.
35. Monopoly in cargo handling
will be removed, to begin with, in Delhi, Mumbai,
Calcutta, Chennai, Bangalore, Chandigarh and
Hyderabad by March 1999. Also, consolidation of
export cargo will be facilitated.
36. At present, all invoices
for more than $ 25,000 have to be submitted through
the suppliers' bank. For S-BIT Unit this limit will
be raised to US $ one million, per invoice.
37. Requirements of 'country of
origin' in LC will be abolished for S-BIT Units.
38. Customs officers at the
major ports/landing and exit responsible for
clearance of items for S-BIT units will function in
shifts round the clock throughout the year without
39. There shall be no cooling
off period and instead IT product related goods will
be subject to examination in modernised explosion
detectors and de-pressurisation chambers as required.
40. IT product manufacturing
zones will be accorded priority status and will be
free from power cuts and load shedding wherever
technically and economically feasible.
41. S-BIT units will be allowed
in any of the upper level floors in addition to
ground floor as long as fire safety certification is
42. Escort of goods by
Departmental officers at the time of import/export to
and from S-BIT will not be required; S-BIT Units will
not require separate presence of Customs Officer to
receive/open imported consignment or to seal or
dispatch export consignments.
43. Recall of manufactured IT
products under Rule 173(H) will be allowed without
prior permission of the Chief Commissioner and
without the need for inspection of goods; similar
provisions will apply for recall of goods for repair
44. Government will introduce
EDI based EDIFACT standard at all customs houses and
all the agencies involved in imports and exports like
banks, ports, DGFT, etc. will be interlinked.