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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It is hereby clarified that export of samples of medicines/ pharmaceuticals formulations upto 1% of the FOB value of exports of all medicines/pharmaceuticals formulations taking together made during the preceeding licensing year is the maximum value upto which medicines/ pharmaceuticals formulations can be exported in a licensing year. Within this overall value, the exporter can export any samples of medicines/ pharmaceuticals formulations including the newly developed one which have not been exported in the past.
It has been decided to allow export of twenty-five thousand MTs of Hard Milling Wheat to Iraq for oil by M/s. Balmer Lawrie & Co. Ltd., Calcutta, under the United Nations “Oil for Food” programme. The above ceiling of twenty-five thousand MTs of Hard Milling Wheat is placed at the disposal of APEDA for issue of RCAC to M/s. Balmer Lawrie & Co. Ltd., Calcutta, to Iraq under the United Nations ‘Oil for Food’ programme.
APEDA will ensure that the overall ceiling earmarked for wheat products shall not exceed the limit of twenty thousand MTs for the current licensing year of 1998-99 under any circumstances. As soon as the ceiling is exhausted, APEDA will report this fact to the Ministry of Commerce, EP(Agri. II ) Section as well as to this office.
It has been decided to release a ceiling of 23,900 (Twenty-three thousand and Nine hundred metric tonnes only ) for export of coarse grains during the licensing year 1998-99 and place it at the disposal of APEDA who will allocate the ceiling as per procedure to be specified by them. However, out of total qty. of 23,900 Mts. of coarse –grains as above, 17900 Mts. ( seventeen thousand Nine hundred Mts. only ) shall be earmarked for private exporters and the balance 6000 MTs. ( Six thousand Metric tonnes only ) shall be earmarked for PSUs.
All the Designated Authorities of Pass Book Scheme and Commissioners of Customs are, therefore, advised that they must finalise the claims and grant credits, wherever admissible, positively latest by 30. 9.1998.
In exercise of the powers conferred under Section 5 of the Foreign Trade (Development & Regulation) Act, 1992 (No. 22 of 1992) read with paragraph 1.3 of the Export and Import Policy, 1997-2002, as amended, the Central Government hereby makes the following amendment in the Export and Import Policy, 1997-2002.
It has been clarified in these Policy Circulars that the credits earned under the Pass Book Scheme may be utilised for imports within a period of one year from the date of grant of credit. In partial modification of the Circulars, it has now been decided that the credits earned under the Pass Book Scheme shall be valid for a period of one year from the date of grant of credit or upto 31.3.1999 whichever is earlier.
The Indian Sugar & General Industry Export Import Corporation (ISGIEIC) Ltd., shall be the sole agency authorised to export Raw Cane Sugar to the U.S.A. against the preferential Ceiling as indicated above. The export of above quantity of Raw Cane Sugar to the USA under the preferential arrangements as indicated above shall also be subject to prescribed pre-shipment Certificate by the Export Inspection Council.
Petroleum products, namely,Indian Oil Corporation Limited a) Aviation Turbine fuel b) Motor Spirit c) High Speed Diesel d) Bitumen (asphalt) – paving grade; and e) Crude OilHowever, Private and Joint Sector refineries can import crude oil freely without an import licence for actual use in their own refineries.
DGFT amends export & import procedures, DEPB rates, compliance rules, and product descriptions to improve export sector clarity and efficiency.
