Export warehouses- Board amends circular
As per the Board’s circular 581/2001, the exporters who have been accorded status of Super Star Trading House or Star Trading House are eligible to set up export warehouses. But now the Board has noticed that, “Foreign Trade Policy, 2004-09 has renamed certain categories of exporters such as ‘Super Star Trading House’ and ‘Star Trading House’ as ‘Four Star Export House’ and ‘Five Star Export House’ respectively.” And so the Board circular needs amendment. And so the Board has issued a new circular which says,
The aforesaid Circular is being suitably amended as follows:
(1) Exporters: “The exporters who have been accorded status of Two Star Trading House and above as per the provisions of the Foreign Trade Policy, 2004-09;
Now this raises two questions:-
1. Is the circular being amended or is it already amended? If it is being amended, will they issue another circular after it is amended?
2. Why did it take the Board five months to realize that the FTP had renamed certain categories of exporters? Don’t they read the FTP immediately after it is issued?
CIRCULAR NO , Dated: September 4, 2006