Denomination of export contracts, reduced threshold for EH status & replenishment licence

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..... n Trade (Development and Regulation) Act, 1992 (No. 22 of 1992) read with paragraph 1.1 of the Export and Import Policy, 2002-07, the Central Government hereby amends/ corrects the Export and Import Policy, 2002-07 as under: 1) Para 2.40 pertaining to "Denomination of Export Contracts" is amended as under: "All export contracts and invoices shall be denominated either in freely convertible curre .....

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..... ntries in Latin America and CIS/sub Saharan Africa, units having ISO 9000 (series) or ISO 14000 (series) or HACCP Certification or WHO-GMP or SEI CMM level 2 and above certification status, shall be entitled for export house status on achieving average FOB/FOR value of Rs.5 crore during the preceding three licensing years. The same threshold limit shall be applicable to the service exporters and a .....

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