40. (1)

The Minister may, on the application in the prescribed form of any company which is manufacturing or proposes to manufacture any export product or is engaged or proposes to engage in agriculture, forestry and fishery activities, either wholly or partly for export, approve the company as an export enterprise and issue to the company an export enterprise certificate subject to such terms and conditions as he thinks fit.

(2)

Every export enterprise certificate issued under this section shall specify the accounting period in which it is expected that the export sales of the export product or export produce -

{a) will be not less than 20o/o of the value of its total sales; and

{b} will not be less than $20,000, and that accounting period shall be deemed to be the export year of the export enterprise for the purposes of this Part.

1331

( 3)

For the purposes of this Part -

"export sales" means export sales (f.o.b.) whether made directly by the export enterprise or through an agent or independent contractor;

Report

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Part VIII

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Part IX

International Trade Incentives

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Part X

Foreign Loans for Productive Equipment

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Part XI

Investment Allowances

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Part XII

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Part XIII

Investments in New Technology Companies

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Part XIV

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Part XV

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