DGFT Article, News Analysis Notification, Circulars, Policy Circulars, Press Release and Instructions issued by Direct General of Foreign Trade on Trade
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Import of rough / unprocessed blocks and slabs of agglomerated / artificial stones shall be subject to the conditions laid down in Policy Circular No.34(RE-08)/2004-2009 dated 10.10. 2008 and Policy Circular No. 35 (RE-2008)/2004-2009 dated 10.10. 2008, Policy Circular No.66 (RE-2008)/2004-09 dated 26.02.09 and Policy Circular No. 68 (RE-2008)/2004-09 dated 2.03.09.
In exercise of powers conferred under Paragraph 2.4 of the Foreign Trade Policy, 2004-2009 and Paragraph 1.1 of the Handbook of Procedures (Vol.I), the Director General of Foreign Trade hereby makes the following additions/amendments in the Schedule of DEPB Rates (as amended from time to time) with immediate effect.
To provide relief to exporters of those sectors where total exports in that sector / product group has declined by more than 5%, average export obligation for 2008-09 may be reduced proportionate to reduction in exports of that particular sector / product group during 2008-09 as against 2007-08.
Representations have been received from the Association of eligible entities who received the licences for rough blocks/slabs of agglomerated/artificial stones stating that on account of slow down in the economy and real estate sector, demand for agglomerated/artificial stones has temporarily come down very significantly. Accordingly, Association has requested that for the said allotted quota, the licence holders may be provided an option to import either the items indicated in the licence or rough marble blocks/slabs as detailed in Policy Circular No.13 ((RE-08)/2004-2009 dated 30.6.2008.
Accordingly, all licence holders of rough marble blocks/slabs, issued to them under the provisions of Policy Circular No.13 (RE-08)/2004-2009 dated 30.6.2008, may apply to the concerned R.A. of DGFT for enhancing the quantity in their licence by upto 25% of the quantity granted to them in the year 2008-09. The import of enhanced quantity shall be subject to all the conditions applicable on import of rough marble blocks/slabs indicated in relevant Circular. It is also informed that the utilization of the additional quantity and actual import may only be made after 1.4.2009. An endorsement to this effect shall be made on the licence by the R.A. concerned.
A system should be developed by which all instruments / items approved earlier should be automatically covered for issuing Free Sale and Commerce Certificate, without referring any subsequent application to Drug Controller General (I) (DCGI) again. DGFT officials may also check the items in the relevant Act / Rules before issuing the certificate. A copy of the approval letter must be endorsed to DCGI.
Representations have been received from the Association of eligible entities who received the licences for rough blocks/slabs of agglomerated/artificial stones stating that on account of slow down in the economy and real estate sector, demand for agglomerated/artificial stones has temporarily come down very significantly.
Credit shall be available against such export products and at such rates as may be specified by DGFT by way of public notice. Credit may be utilized for payment of customs duty on freely importable items and / or restricted items. DEPB scrips can also be utilized for payment of duty against imports under EPCG scheme.
The amendment/corrections/modifications as mentioned in foot Note 6 vide Public Notice No. 50(RE-2006)2004-2009 dated 31.08.2006 annexed with SION C-525 to read as under.
under paragraph 2.4 of the Foreign Trade Policy 2004-09, the Director General of Foreign Trade hereby makes the following amendments in Appendix-17 (List of Nodal Officers nominated to assist Exporters)
