director general of foreign trade

The Bombay HC last week quashed the decision of the Customs, Excise, Service Tax Appellate Tribunal which held the Director General of Foreign Trade (DGFT), the licensing authority under the Foreign Trade (Development & Regulation) Act, did not have the powers to amend licences with retrospective effect. The CESTAT ruling was challenged by Bhilwara Spinners Ltd, manufacturers of yarn, which were granted ‘export promotion capital goods’ licence to import capital goods.. Full Article

The Bombay high court last week quashed the office memorandum / press release dated November 11 and policy circular dated December 22 last year as they were not issued under the provisions of the Foreign Trade (Development and Regulation) Act, and, therefore, the restrictions contained in them were contrary to law. Full Article

The Director General of Foreign Trade (DGFT) has not included 'prior experience' as a pre-condition for people seeking cotton export permit to keep the licensing policy simple and transparent. "When we invited applications we asked who wanted to ex Full Article

Policy Circular No.  05(RE-2010)/2009-14            Dated: 02.12.2010 Subject: Prohibition on export of edible oils –clarification regarding exemptions from export of edible oils- regarding The export of all edible oils under Chapter 15 of Schedule 1 of ITC(HS) Classification of Export & Import Items was prohibited initially  for a period of one year vide Notification No. 85(RE-2007)/2004-09 [...] Full Article

Policy Circular No.   03(RE-2010)/2009-14      Dated:         25th October, 2010 Subject: SION H-158 as amendment done by Public Notice No. 104/(RE2008)/2004-09 dated 7.11.2008 – regarding Standard Input Output Norm (SION) for ‘Nylon filament knitted/knotted nets’ bearing number H-158 was modified by Public Notice No. 104/(RE2008)/2004-09 dated 7.11.2008. Subsequently when Handbook of Procedures, Vol. II, popularly known as [...] Full Article

In exercise of powers conferred under paragraph 2.4 of the Foreign Trade Policy, 2009-14, the Director General of Foreign Trade hereby notifies the Handbook of Procedures (Volume 1) incorporating Annual Supplement as updated on 23rd August, 2010 as contained in Annexure to this Public Notice. This shall come into force from 23rd August, 2010. Full Article

In exercise of the powers conferred under Paragraph 2.4 of the Foreign Trade Policy, 2009-14 and Paragraph 1.1 of the Handbook of Procedures (Vol.I), the Director General of Foreign Trade hereby makes the following amendments/corrections in the Handbook of Procedures, Vol. 2, 2009-2014, as amended from time to time. Full Article

PUBLIC NOTICE No. 83 / 2009-14, NEW DELHI: the 22nd July, 2010. In exercise of powers conferred under Para 2.4 of the Foreign Trade Policy, 2009-14, the Director General of Foreign Trade hereby makes the following amendments in the Handbook of Procedures (Vol.1), 2009-14:- Full Article