Year-end Shipment Procedure Renewed

New Delhi, December 23: | Updated: Dec 24 2002, 05:30am hrs
Responding to strong representations from garment exporters, the government has decided to adopt the same procedure followed during the past few years in respect of year-end shipments during 2002.

Accordingly, the exporters have been told to get shipments cleared by customs by December 31 and export orders passed on or after January 1, 2003, but not later than January 7.

Exporters have also been requested to obtain fresh visas for 2003 from Apparel Export Promotion Councils (AEPC) regional offices after surrendering the ones issued for this year.

Earlier, the Apparel Export Promotion Council had issued a circular whereby the council made it incumbent upon the exporters to ensure that their consignments were placed in the carrier actually sailing on or before the midnight of December 31.

Any failure would result in surrendering an equal quantity of the 2003 quota from their own entitlements or from the quota procured from the market, the circular from the apparel export promotion body had warned.