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DEFINITIONS

Chapter 9 - Old_Provisions - Foreign Trade Policy - Foreign Trade Policy 2015-2020 (From 1-4-2015 to 4-12-17) - Chapter 9 - CHAPTER 9 9.00 For purpose of FTP, unless context otherwise requires, the following words and expressions shall have the following meanings attached to them:- 9.01 "Accessory" or "Attachment" means a part, sub-assembly or assembly that contributes to efficiency or effectiveness of a piece of equipment without changing its basic functions. 9.02 "Act& .....

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a jobbing unit which has a definitive postal address. (b) "Actual User (Non-Industrial)" is a person (either natural & legal) who utilizes the imported goods for his own use in: (i) any commercial establishment, carrying on any business, trade or profession, which has a definitive postal address; or (ii) any laboratory, Scientific or Research and Development (R&D) institution, university or other educational institution or hospital which has a definitive postal address; or (ii .....

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ntext so requires, includes person signing the application. 9.07 Authorization means permission as included in Section 2 (g) of the Act to import or export as per provisions of FTP. 9.08 "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 up-gradation or expansion. It includes packaging machine .....

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y duty or function under the Act or the Rules and Orders made there under or under FTP. 9.10 "Component" means one of the parts of a sub-assembly or assembly of which a manufactured product is made up and into which it may be resolved. A component includes an accessory or attachment to another component. 9.11 "Consumables" means any item, which participates in or is required for a manufacturing process, but does not necessarily form part of end-product. Items, which are subst .....

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ent or otherwise. Exports/ Imports under Counter Trade may be carried out through Escrow Account, Buy Back arrangements, Barter trade or any similar arrangement. Balancing of exports and imports could wholly or partly be in cash, goods and/or services. 9.14 "Developer" means a person or body of persons, company, firm and such other private or government undertaking, who develops, builds, designs, organises, promotes, finances, operates, maintains or manages a part or whole of infrastru .....

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ls or excisable materials used or taxable services used as input services in the manufacture of such goods. 2[ 9.17A : e-commerce means buying and selling of goods and services including digital products, conducted over digital and electronic network. For the purposes of merchandise Exports from India Scheme (MEIS) e-commerce shall mean the export of goods hosted on a website accessible through the internet to a purchaser. While the dispatch of goods shall be made though courier or postal mode a .....

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ubject to duty of excise under Central Excise and Salt Act 1944 (1 of 1944). 9.20 Export is as defined in FT (D&R) Act, 1992, as amended from time to time. 9.21 "Exporter" means a person who exports or intends to export and holds an IEC number, unless otherwise specifically exempted. 9.22 "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 Region .....

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an IEC number, unless otherwise specifically exempted. 9.27 ITC (HS) refers to Indian Trade Classification (Harmonized System) at 8 digits. 9.28 "Jobbing" means processing or working upon of raw materials or semi-finished goods supplied to job worker, so as to complete a part of process resulting in manufacture or finishing of an article or any operation which is essential for aforesaid process. 9.29 "Licensing Year" means period beginning on the 1st April of a year and endi .....

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r by machine, a new product having a distinctive name, character or use and shall include processes such as refrigeration, re-packing, polishing, labeling, Re-conditioning repair, remaking, refurbishing, testing, calibration, re-engineering. Manufacture, for the purpose of FTP, shall also include agriculture, aquaculture, animal husbandry, floriculture, horticulture, pisciculture, poultry, sericulture, viticulture and mining. 9.32 "Manufacturer Exporter" means a person who exports good .....

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overnment under the Act. 9.37 "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. 9.38 "Person" means both natural and legal and includes an individual, firm, society, company, corporation or any other legal person including the DGFT officials. 9.39 "Policy" means Foreign Trade Policy (2015-2020) as amended from time to .....

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Duties. 9.44 "Raw material" means input(s) needed for manufacturing of goods. These inputs may either be in a raw/natural/ unrefined/ unmanufactured or manufactured state. 9.45 "Regional Authority" means authority competent to grant an Authorisation under the Act / Order. 9.46 "Registration-Cum-Membership Certificate" (RCMC) means certificate of registration and membership granted by an Export Promotion Council / Commodity Board / Development Authority or other com .....

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Export of dual-use items and technologies under India s Foreign Trade Policy is regulated. It is either prohibited or is permitted under an authorization. 9.50 "Services" include all tradable services covered under General Agreement on Trade in Services (GATS) and earning free foreign exchange. 1[9.51 Service Provider" means a person providing: (i) Supply of a service from India to any other country; (Mode 1- Cross border trade) (ii) Supply of a service from India to service cons .....

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Output Norms notified by DGFT. 9.54 "Spares means a part or a sub-assembly or assembly for substitution that is ready to replace an identical or similar part or sub- assembly or assembly. Spares include a component or an accessory. 9.55 "Specified" means specified by or under the provisions of this Policy through Notification / Public Notice. 9.56 "Status holder" means an exporter recognized as One Star Export House/ Two Star Export House / Three Star Export House / Four .....

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