Technology Import- Case Study In Ad-hocism

Technology Import THE latest wonders in textile machinery, the air jet and water jet shuttle- less loom und the rotor spinning machine, were put on Open General Licence in the 1982-83 import policy. This move has now been given teeth with the reduction of customs duty on these machines to just 20 per cent from the earlier level of over 100 per cent. A notification to this effect was issued on October 3, 1983. Finally, on December 17, the road was cleared lor imports with the Chief Controller of Imports and Exports issuing the notification prescribing the procedure and conditions for import.