Stay informed about the latest DGFT notifications from the Directorate General of Foreign Trade. Get updates on trade policies, tariff amendments, export-import controls, and incentive schemes. Stay ahead in international trade with timely information on DGFT notifications.
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In exercise of the powers conferred under paragraph 2.4 of the Foreign Trade Policy, 2004-2009 and paragraph 1.1 of the Handbook of Procedures (Vol.I), 2004-2009 , notified vide Public Notice No.1 dated 8th April, 2005, the Director General of Foreign Trade hereby makes the following amendments.
In exercise of the powers conferred under paragraph 2.4 of the Foreign Trade Policy 2004-2009, the Director General of Foreign Trade hereby makes the following amendment in the Public Notice No. 58 (RE –2004)/2002-2007, dated 7th March, 2005.
It is therefore clarified that words relating to exports actually means “relating to exports of services by service provider under GATT’s Agreement”. It is reiterated that the provisioning of services; irrespective of import vessel and export vessel, that may have been serviced, is covered for benefits under this provision.
Public Notice No. 17/2005 revises Para 4.7 of the Foreign Trade Policy, restricting Advance Licences for certain imports and outlining procedures for biotechnology items.
Notification No. 7/2005 amends the Foreign Trade Policy, ensuring that the FOB value of exports in 2004-05 must not be lower than the previous licensing year.
It shall be necessary that the FOB value of exports (including the exports under Note 1 & Note 6 above) during the licensing year 2003-04 does not fall below the FOB value of exports (including the exports under Note 1 & Note 6 above) in the previous licensing year.
Note 8: CENVAT/Drawback: Additional Customs duty/excise duty paid in cash or through debit under the DFCE entitlement certificate shall be adjusted as CENVAT credit or Duty Drawback as per rules framed by the Department of Revenue.
Para 3.2.5 (IX) is added as under: “Applicants shall file the applications in Appendix 17D to the jurisdictional Zonal Office (Mumbai, Kolkata, Chennai, Delhi CLA) depending upon the location of Registered Office / head Office of the applicant. The respective Zonal offices shall consider the applications and issue the license or otherwise.
The fourth Paragraph of Para 3.2.5 is replaced by: “Applicants shall file the applications by 31st December 2005 in Appendix 17D to the jurisdictional Zonal Office (Mumbai, Kolkata, Chennai, Delhi CLA) depending upon the location of Registered Office / Head Office of the applicant. The respective Zonal offices shall consider the applications and issue the license or otherwise.
An Advance Licence is issued to allow duty free import of inputs, which are physically incorporated in the export product (making normal allowance for wastage). In addition, fuel, oil, energy, catalysts etc. which are consumed/utilised in the course of their use to obtain the export product, may also be allowed under the scheme.