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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Representaions have been received from various exporters requesting to extend the date of grant of credits further by Designated Authorities of Pass Book Scheme and Customs authorities as these authorities could not finalise the claims due to the circumstances which were beyond their control.The matter has been considered carefully . All the Designated Authorities of Pass Book Scheme and Commissioners of Customs are, advised to finalise the claims and grant credits.
The 1998 notification updates India’s import policies, outlining conditions for various goods, including oilcakes, vinegar, and personal care items.
These agencies shall send the import return of Mulberry Raw Silk within 15 days from the date of clearance from Customs of such imports to the Central Silk Board and the Director (Stat.), Directorate General of Foreign Trade, Udyog Bhawan, New Delhi in the format prescribed at Annexure – A for information purposes.
Plants and plant portions, derivatives and extracts of the cultivated varieties of the above plant species ( excluding Sl. No.16) will be allowed for export subject to production of a Certificate of Cultivation from the Regional Deputy Director ( Wild life ), or Chief Conservator of Forests or Divisional Forest Officers of the state concerned from where these plants and plant portions have been procured. However, in respect of the cultivated varieties of the species as covered by Appendix 1(Sl. No. 1 to 6 of paragraph 2(i ) above and Appendix 2 ( Sl. No. 7 to 18 and Sl. No. 26 & 28 ) of para 2(i) above, of CITES, a CITES permit for export will also be required.
The 1998 Public Notice amends the ITC(HS) Export and Import classification by removing “Powder milk” and “Ghee” from the export item list.
Miscellaneous Items’ of the Export and Import Policy, 1997-02 (Re-98), under which Raw silk/silk cocoons are restricted and are not permitted to be imported except against a licence or in accordance with a Public Notice issued in this behalf.
For grant/renewal of any status, the application shall be filed latest by 30th November, 1998. Deficiency, if any, must be communicated by the licensing authorities by 15th December. If this is not done, then existance of deficiency and non rectification thereby by 31st December will not be treated as a ground for rejecting the application. The applicant shall be required to submit the rectification of deficiency to the licensing authorities by 31st December.
Attention is invited to Paragraph 7.7 of Exim Policy, 1997-2002 according to which a Duty Free Licence and the relevant DEEC Book shall specify the aggregate CIF value of imports alongwith other details. A number of representations have been received from various exporters to clarify whether in the Duty Free Licence/DEEC Book issued after 1.4.97 in terms of Para 7.7 of Exim Policy, 1997-2002, each item of import should specify the value limit or not.
Attention is invited to ALC Circular No. 16/95 dated 1.8.1995 wherein it was clarified that as far as Special Rupee Escrow Accounts in the names of Russian entities were concerned,Advance Licence shall be permitted, subject to the condition that the export order has been placed and the L/C has been opened by the A/c holder directly in favour of the Indian exporter and payment is also received by the Indian exporter directly from the Account holder.
Capital goods including jigs, fixture, dies and moulds may be imported at a concessional rate of Customs duty subject to export obligation to be fulfilled over a period of time as per table given below. In addition, spares upto 20% of the CIF value of the capital goods may also be imported under the scheme.
