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.
CA, CS, CMA : Stay updated with key notifications and circulars on Income Tax, GST, Central Excise, Customs, DGFT, and SEBI issued between 29th ...
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Section 69 of Chapter V of the Finance Act, 1994 (as amended by the Finance Act. 1997, 1998, 1999, 2000 and 2001) pertaining to registration goes as under: “Every person liable to pay the service tax under this chapter or the rules made there under shall, with in such time in such manner and in such form as may be prescribed, make an application for registration to the Superintendent of Central Excise.
Attention is invited to Paragraph 2.4 of the Export and Import Policy 2002-2007, as amended and Paragraphs 4.9 and 4.10 of the Handbook of Procedures, Vol.1, 2002-2007, as amended and also to the Handbook of Procedures, Vol.2, 2002-2007, as amended from time to time.
The following sentence is added in the “Certificate of Chartered Accountant/ Cost and Works Accountant/ Company Secretary” at S.No (ix) of Appendix 17 pertaining to the “Application for Grant of Export House, Trading House, Star Trading House, Super Star Trading House” and S.No (viii) of Appendix 17 A pertaining to “Application for Grant of Export House, Trading House, Star Trading House, Super Star Trading House for Service Providers” as under.
In exercise of powers conferred by Section 5 of the Foreign Trade (Development and Regulation) Act, 1992 (No. 22 of 1992) read with paragraph 1.1 of the Export and Import Policy, 2002-07, the Central Government hereby amends/ corrects the Export and Import Policy, 2002-07 as under.
The matter has been considered in consultation with Plantation Division of the Department of Commerce and the DES Division in this office and accordingly, it is clarified that the Policy restricts only duty free imports. DEPB is only a mode of payment of duty instead of payment in cash. Since Natural rubber is otherwise freely importable on payment of prescribed duty, Policy Circular 28 dated 4.3.2002 and earlier ALC Circulars does not prevent payment of Custom duty for import of natural rubber.
If there is any non.resident interest in the firm/company and non resident investment is to be made with repatriation benefits, full particulars thereof with photo copy of RBI approval must be submitted. Investment without repatriation benefits, a simple declaration indicating whether it is held with the general/ specific permission of RBI on the letter head of the firm should be furnished. In case of specific approval, a copy may also be furnished. Indian Companies issuing shares to foreign nationals/ NRIs under automatic route,100% scheme or 24/40% schemes are not required to obtain prior approval of RBI.
Representations/requests seeking clarification on “No Sale Period” have been received from the importers – who have made imports of vehicles in terms of the above mentioned Public Notice and executed the requisite Bonds with concerned Regional Licensing Authorities.
In exercise of powers conferred under section 5 of the Foreign Trade (Development and Regulation) Act, 1992 read with paragraph 2.1 of the Export and Import Policy, 2002-2007, the Central Government hereby makes the following amendments in the ITC(HS) Classifications of Export and Import Items , 2002-2007 published on 31st March, 2002 as amended from time to time, namely- at the end of Chapter-86 of the said ITC(HS) Classification of Export & Import items, 2002-2007, a new import licensing note shall be inserted as follows.
A declaration from the 3rd party(s) in a stamp paper, duly certified by an independent CA, declaring that the products exported for fulfillment of EO by them on behalf of the licence holder as per details given in the statement of exports, were manufactured by the licence holder.
The restrictions shown at Column 4 in respect of item at Code No. 5003 have been deleted. ‘Mulbery Silk waste not carded or combed’ is free for exports without any restrictions in so far as ITC(HS) Classification of Export and Import is concerned.