ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Space Research-Towards What End

crore in 1981-82.
crore in 1981-82.
The restrictive features of the import policy are on the whole along expected lines. A number of items of raw materials, consumables, components and spares have been taken out of the OGL and others have been shifted from the restricted to the banned lists. Reflecting the government's response to the allegations of .'dumping', the system of prior registration of import contracts for OGL items already in force for certain items such as man-made fibres and yarns has been extended to a number of other items. These include PVC resin, soda ash, raw wool and woollen rags, caustic soda, rayon grade wood pulp and varieties of synthetic rubber. The registration of contracts is intended to enable timely monitoring and evaluation of imports under OGL. The facility of imports of OGL items by trading houses and export houses without debit to their import licence value has been withdrawn. A special procedure has been introduced to regulate import of components by DGTD units so as to link such import to the implementation of programmes of phased domestic manufacture. Import of spares for after-sales service and by dealers representing foreign machinery manufacturers has been tightened to encourage industry to substitute imported parts with indigenous ones. Finally, exporters are sought to be encouraged to surrender their REP licences by providing that the value of such surrendered licences will be treated as export in computing export performance of the concerned exporters.

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