TMI BlogDEFINITIONSX X X X Extracts X X X X X X X X Extracts X X X X ..... al institution or hospital; or (c) any service industry. 9.7 "AEZ" means Agricultural Export Zones notified by DGFT in Appendix 8 of HBP v1. 9.8 Appeal is an application filed under section 15 of the Act and includes such applications preferred by DGFT officials in government interest against decision by designated adjudicating / appellate authorities. 9.9 "Applicant" means person on whose behalf an application is made and shall, wherever context so requires, includes person signing the application. 9.9.1 Authorisation means a permission as included in Section 2 (g) of the Act to import or export as per provisions of FTP. 9.10 "BoA" means the Board of Approval as notified by DoC. 9.11 "BTP" means Biotechnology Park as notified by DGFT on recommendation of Department of Biotechnology. 1 [9.12 Capital Goods" means any plant, machinery, equipment or accessories required for manufacture or production, either directly or indirectly, of goods or for rendering services, including those required for replacement, modernisation, technological upgradation or expansion. It also includes packaging machinery and equipment, refractories for initial lining, refri ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ation to any goods manufactured in India and exported, means rebate of duty chargeable on any imported material or excisable material used in manufacture of such goods in India. Goods include imported spares, if supplied with capital goods manufactured in India. 9.23 "EHTP" means Electronic Hardware Technology Park. 9.24 "EOU" means Export Oriented Unit for which an LOP has been issued by Development Commissioner. 9.25 "Excisable goods" means any goods produced or manufactured in India and subject to a duty of excise under Central Excise and Salt Act 1944 (1 of 1944). 9.26 "Exporter" means a person who exports or intends to export and holds an IEC number, unless otherwise specifically exempted. 9.27 "Export Obligation" means obligation to export product or products covered by Authorisation or permission in terms of quantity, value or both, as may be prescribed or specified by Regional or competent authority. 9.27.1 FTP means the Foreign Trade Policy which specifies policy for exports and imports under Section 5 of the Act. 9.28 2 [Group Company means two or more enterprises which, directly or indirectly, are in a position to:- (a) exercise twenty ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ulture, aquaculture, animal husbandry, floriculture, horticulture, pisciculture, poultry, sericulture, viticulture and mining. 9.37 "Manufacturer Exporter" means a person who exports goods manufactured by him or intends to export such goods. 9.38 "MAI" means Market Access Initiative Scheme notified by Department of Commerce. 9.39 Merchant Exporter means a person engaged in trading activity and exporting or intending to export goods. 9.40 "NC" means the Norms Committee in the Directorate General of Foreign Trade, for recommending grant of Authorisations under Duty Exemption Scheme and for recommending Input Output norms and value addition norms to be notified by DGFT. 9.41 "NFE" means Net Foreign Exchange. 9.42 "Notification" means a notification published in Official Gazette. 9.43 "Order" means an Order made by Central Government under the Act. 9.44 "Part" means an element of a sub-assembly or assembly not normally useful by itself, and not amenable to further disassembly for maintenance purposes. A part may be a component, spare or an accessory. 9.45 "Person" includes an individual, firm, society, company, corporation or any other legal person ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... olicy through Notification / Public Notice. 9.59 "Status holder" means an exporter recognized as Export House / Trading House /Star Trading House / Premier Trading House by DGFT / Development Commissioner. 9.59.1 Stores means goods for use in a vessel or aircraft and includes fuel and spares and other articles of equipment, whether or not for immediate fitting. 9.60 "STP" means Software Technology Park 9.61 "Supporting Manufacturer" means any person who manufactures any product or part/accessories/components of that product. Name of supporting manufacturer as well as the exporter must be endorsed on export documents. 9.62 "Third-party exports" means exports made by an exporter or manufacturer on behalf of another exporter(s). In such cases, export documents such as shipping bills shall indicate name of both manufacturing exporter/manufacturer and third party exporter(s). BRC, GR declaration, export order and invoice should be in the name of third party exporter. 9.63 "Transaction Value" is as defined in Customs Valuation Rules of Department of Revenue. 9.64 "Wild Animal" means any wild animal as defined in Section 2(36) of Wildlife (Protection) Act, 19 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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