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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DGFT : Explore DGFT Notification No. 19/2024-25 dated 5th July 2024, amending export policy conditions for Basmati and Non-Basmati Rice. ...
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In exercise of powers conferred under paragraph 4.11 of the Export and Import Policy, 1997-2002, as notified in the Gazette of India extraordinary, Part-II- Section 3 – Sub- section (ii) vide S.O No. 283(E) dated 31.3.97, the Director General of Foreign Trade hereby makes the following amendment in the Handbook of Procedures (Vol.1) (RE-99), 1997-2002.
In exercise of powers conferred under section 5 of the Foreign Trade (Development and Regulation) Act, 1992 read with paragraph 1.3 and 4.1 of the Export and Import Policy, 1997-2002, the Central Government hereby makes the following amendments in the ITC(HS) Classifications of Export and Import Items , 1997-2002 published on 31st March, 1997 (RE-98) as amended from time to time, namely.
Similarly, in such cases where the goods are handed over to the customs authorities before the expiry of the export obligation period but actual exports takes place after expiry of the export obligation period, such exports shall be considered within the export obligation period and taken towards fulfilment of export obligation.
After considering the above stated requests, in exercise of powers conferred under Paragraph 4.11 of the Export and Import Policy, 1997-2002, as notified in the Gazette of India Extra-ordinary, Part – II, Section – 3 – Sub-section (ii) vide S.O. No. 283 (E) dated 31.3.1997, the Director General of Foreign Trade hereby notify the following arrangement.
If a standalone EOU/EPZ unit wish to debond under EPCG scheme, there shall be no export obligation for maintenance of the average the only such an obligation under EPCG scheme on a standalone unit shall be imposed which may be equivalent to 6 times or 8 times of the depreciated value, as the case may be, depending upon the scheme in which the unit opts for debonding.
In exercise of the powers conferred by Section 5 of the Foreign Trade (Development and Regulation) Act,1992 (No.22 of 1992) read with paragraph 4.11 of the Export and Import Policy,1997-2002, the Central Government hereby makes the following amendments.
Attention is invited to the Policy Circular No. 33 dated 23.9.99 on the above subject.In the Paragrapah (2),the figure‘10th’ may be amended to read as ‘16th’ wherever it occurs.
This Public Notice is issued for continuance of deemed export benefits for supplies made to Maharashtra State Electricity Board for early execution of the second Maharashtra Power Project in the wake of withdrawal of World Bank loan, subject to the terms and conditions mentioned in the foregoing paragraph and in Appendix – 14A of Handbook of Procedures (RE:99).
In the light of above stated two changes the issue was discussed with Deptt. of Economic Affairs and Deptt. of Revenue and it has been decided to withdraw Policy Circular No. 57 dated 10th December, 1998. Accordingly, Policy Circular No. 57 dated 10th December, 1998 is withdrawn and DGFT Circular No. M-3(2)/AM92/DBK Cell dated 18th March, 1994 stands. Even the supplies effected between 16th December, 1998 to 31st March, 1999, and thereafter, shall also be entitled for deemed export benefits as clarified by DGFT Circular No. M-3(2)/AM92/DBK Cell dated 18th March, 1994.
In exercise of the powers conferred by Section 5 of the Foreign Trade (Development and Regulation) Act,1992 (No.22 of 1992) read with paragraph 4.11 of the Export and Import Policy,1997-2002, the Central Government hereby, in partial modification of the Notification No. 20(RE-99)/97-2002 dated 9.7.99, makes the following amendment in the entry at Code No. 1207 relating to export of Niger Seeds, in Schedule 2 Table B of the book titled “ITC(HS) Classifications of Export and Import items 1997-2002.
