For Import of components, in respect of
Export product (a) where norms have not been standardized and published
and the applicant seeks to import only Components (without any raw material,
consumables etc.) or (b) where SION do not provide import of Components
or (c) where additional Components in addition to those allowed in norms
are sought, the Components as an input may be allowed for import on net-to-net
basis, without any wastage, by the Licensing Authority. Import of components
sought as Spares shall be governed by the Policy for Spares. In such cases,
the import of Components allowed shall be permitted with accountability
clause and the type, technical specifications (including part No. if any),
etc. of the Components sought for import should conform to those utilized
in the manufacturing of the resultant product, which should be reflected
in export documents (Shipping Bills) also. A condition to this effect
shall be imposed on the licence.
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