| Accessory
or Attachment |
A part, sub-assembly or
assembly that contributes to efficiency or
effectiveness of a piece ofequipment without
changing its basic functions. |
| Act |
Foreign Trade
(Development and Regulation) Act, 1992 (No.22 of
1992) [FT(D&R) Act]. |
| Actual User |
An actual user who may be
either industrial or non-industrial |
| Actual User
(Industrial) |
A person who utilizes
imported goods for manufacturing in his own
industrial unit or manufacturing for his own use
in another unit including a jobbing unit. |
| Actual
User(Non-industrial) |
A person who utilizes the
imported goods For his own use in (i) any
commercial establishment carrying on any business,
trade or profession or (ii) any laboratory,
Scientific or Research and Development (R&D)
institution, uni university or other educational
institution or hospital; or (iii) any service
industry. |
| AEZ |
Agricultural Export Zones
notified by DGFT in Appendix 8 of HBP vl. |
| 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. |
| Applicant |
Person on whose behalf an
application is made and shall, wherever context so
requires, includes person signing the application |
| Authorization |
a permission as included
in Section 2 (g) of FT(D&R) Act to import or
export as per provisions of FTP. |
| BoA |
The Board of Approval as
notified by DoC |
| BTP |
Biotechnology Park as
notified by DGFT on recommendation of Department
of Biotechnology. |
| Capital
Goods |
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, modernization,
technological up gradation or expansion. It also
includes packaging machinery and equipment,
refractories for initial lining, refrigeration
equipment, power generating sets, machine tools,
catalysts for initial charge, equipment and
instruments for testing, research and development,
quality and pollution control. Capital goods may
be for use in manufacturing, mining, agriculture,
aquaculture, animal husbandry, floriculture,
horticulture, pisciculture, poultry, sericulture
and viticulture as well as for use in services
sector. |
| Competent
Authority |
An authority competent to
exercise any power or to discharge any duty or
function under the Act or Rules and Orders made
there under or under FTP. |
| Component |
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. |
| Consumables |
Any item, which
participates in or is required for a manufacturing
process, but does not necessarily form partof
end-product. Items, which are substantially or
totally consumed during a manufacturing process,
will be deemed to be consumables. |
| Consumer
Goods |
Consumption goods, which
can directly satisfy human needs without further
processing and includes consumer durables and
accessories thereof. |
| Counter
Trade |
Any arrangement under
which exports / imports from / to India are
balanced either by direct imports /exports from
importing / exporting country or through a third
country under a Trade Agreement 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. |
| Developer |
A person or body of
persons, company, firm and such other private or
government undertaking, who develops,builds,
designs, organizes, promotes, finances, operates,
maintains or manages a part or whole of
infrastructure and other facilities inSEZ as
approved by Central Government and also includes a
co-developer |
| Development
Commissioner |
Development Commissioner
of SEZ |
| DFRC |
Duty Free Replenishment
Certificate. |
| Domestic
Tariff Area (DTA) |
Area within India which
is outside SEZs and EOU / EHTP / STP / BTP. |
| Drawback |
In relation 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. |
| EHTP |
Electronic Hardware
Technology Park |
| EOU |
Export Oriented Unit for
which an LOP has been issued by Development
Commissioner |
| Excisable
goods |
Any goods produced or
manufactured in India and subject to a duty of
excise under Central Excise and Salt Act 1944 (1
of 1944). |
| Exporter |
A person who exports or
intends to export and holds an IEC number unless
otherwise specifically exempted |
| Export
Obligation |
Obligation to export
product or products covered by Authorization or
permission in terms of quantity,value or both, as
may be prescribed or specified by Regional or
competent authority. |
| FTP |
The Foreign Trade Policy
which specifies policy for exports and imports
under section 5 of the Act. |
| Group
Company |
Two or more enterprises
which, directly or indirectly, are in a position
to —
(i) exercise
twenty-six per cent, or more of voting rights in
other enterprise or
(ii) Appoint more than fifty percent, of members
of board of directors in the other
enterprise.
For group companies to claim benefits or have
their exports counted for benefits to be claimed
by another member of group, the group company
should have been in existence at least 2 years
prior to date of application under any of export
promotion schemes notified in FTP. |
| HBP vl |
The Handbook of
Procedures (Vol.1) and "HBP v2" means Handbook of
Procedures (Vol.2) published under provisions of
paragraph 2.4 of FTP. |
| Importer |
A person who imports or
intends to import and holds an IEC number unless
otherwise specifically exempted. |
| Infrastructure facilities |
Industrial, commercial
and social infrastructure or any other facility
for development of SEZ as notified. |
| ITC(HS |
ITC(HS) Classifications
of Export and Import Items Book. "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. |
| Jobbing |
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. |
| Licensing
Year |
Period beginning on the
1st April of a year and ending on 31st March of
following year. |
| Managed
Hotel |
Hotels managed by a three
star or above hotel / hotel chain under an
operating management contract for a duration of at
least three years between operating hotel / hotel
chain and hotel being managed. Management contract
must necessarily cover the entire gamut of
operations / management of managed hotel. |
| Manufacture |
To make, produce,
fabricate, assemble, process or bring into
existence, by hand or by machine, a new product
having a distinctive name, character or use and
shall include processes such as refrigeration,
re-packing, polishing, labelling, 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. |
| Manufacturer Exporter |
A person who exports
goods manufactured by him or intends to export
such goods. |
| MAI |
Market Access Initiative
Scheme notified by Department of Commerce. |
| Merchant
Exporter |
A person engaged in
trading activity and exporting or intending to
export goods |
| NC |
The Norms Committee in
the Directorate General of Foreign Trade for
recommending grant of Authorizations under Duty
Exemption Scheme and for recommending Input Output
norms and value addition norms to be notified by
DGFT. |
| NFE |
Net Foreign Exchange |
| Notification |
A notification published
in Official Gazette |
| Order |
An Order made by Central
Government under the Act. |
| Part |
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. |
| Person |
Includes an individual,
firm, society, company, corporation or any other
legal person including the DGFT officials. |
| Policy |
FTP 2004-2009 as amended
from time to time. |
| Prescribed |
Prescribed under the Act
or the Rules or Orders made there under or under
FTP. |
| Public
Notice |
A notice published under
provisions of paragraph 2.4 of FTP. |
| Raw
material |
(i) basic materials which
are needed for manufacture of goods, but which are
still in a raw, natural, unrefined or
unmanufactured state and
(ii) for a
manufacturer, any materials or goods which are
required for his manufacturing process, whether
they have actually been previously manufactured or
are processed or are still in a raw or natural
state. |
| Regional
Authority |
Authority competent to
grant an Authorization under the Act / Order. |
| Registration-Cum-Membership
Certificate (RCMC) |
Certificate of
registration and membership granted by an Export
Promotion Council / Commodity Board / Development
Authority or other competent authority as
prescribed in FTP or HBP vl. |
| Rules |
Rules made by Central
Government under Section 19 of the Act. |
| Services |
Include all tradable
services covered under General Agreement on Trade
in Services and earning free foreign exchange. |
| Service
Provider |
A person providing
(i) Supply of a 'service'
from India to any other country.
(ii) Supply of a 'service' from
India to service consumer of any other country
in
India and.
(iii) Supply of
a 'service' from India through commercial or
physical presence
in territory of any other
country
(iV) Supply of a
'service' in India relating to exports paid in
free foreign
exchange or in Indian Rupees which
are otherwise considered as having
being paid for
in free foreign exchange by RBI. |
| SEZ |
Special Economic Zone
notified by Ministry of Commerce & Industry,
Department of Commerce. |
| SHIPS |
All types of vessels used
for sea borne trade or coastal trade and shall
include second hand vessels. |
| SION |
Standard Input Output
Norms notified by DGFT in HBP v2,2004-09 /
approved by Board of Approval. |
| Spares |
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. |
| Specified |
Specified by or under
provisions of this Policy through Notification /
Public Notice. |
| Status
holder |
An exporter recognized as
Export House / Trading House etc. by DGFT /
Development Commissioner. |
| Stores |
Goods for use in a vessel
or aircraft and includes fuel and spares and other
articles of equipment, whether or not for
immediate fitting |
| STP |
Software Technology Park |
| Supporting
Manufacturer |
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. |
| Third-parry
exports |
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. |
| Transaction
Value |
As defined in Customs
Valuation Rules of Department of Revenue. |
| Wild Anima |
Any wild
animal as defined in Section 2(36) of Wildlife
(Protection) Act, 1972. |
