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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All edible oils which are presently freely importable under various Exim code headings shall be freely importable subject to the condition that the importer shall have to intimate within 15 (FIFTEEN) days from the date of import indicating the following information to the Directorate of Vanaspati, Vegetable Oils and Fats.
In case of export of gold/silver/platinum jewellery and articles thereof, the application shall be made to the licensing authority concerned as given in Appendix 27 and the quantity, wastage and value addition norms shall be as given in Chapter 8 of the Policy and Chapter 8 of the Handbook of Procedures.
Attention is invited to paragraph 7.25 of the Exim Policy (RE-98) 1997-2002 which only allows DEPB credit for exports made in freely convertible currency. Clarifications have been sought as to whether exports made under counter trade agreement and export proceeds realised through ‘Escrow Account’ in US$ shall be entitled for DEPB benefits or not. The matter has been taken with the RBI which inturn has clarified that export made to Russian Federation against non-repatriable US dollars shall not be covered under the category of freely convertible currency and thus shall not be entitled for DEPB benefit. Accordingly, exports made under counter trade. agreement and export proceeds realised through ‘Escrow account’ in US$ is not entitled for DEPB benefit.
The description of the export product at S.No.91 under the product group Engineering, in the annexure to Public Notice No. 6(RE-98) 1997-2002 dated 15.4.98 may be corrected to read as Cold Rolled Galvanised Colour Coated Sheets/Strips/Wide coils of Colour Coated steel sheets/ CRGP/GC sheets/strips/wide coils.
Each port office will report the position of quota utilisation after 4 months from the date of release of the ceiling to this office. A quarterly statement showing the name of the exporters, quantity applied for, quantity allowed for exports, FOB value and port of destination may also be sent to this office by the concerned licensing authorities disbursing the Peacock Tail Feathers quota.
Each export consignment alongwith the related documents will be subject to pre-shipment inspection and verification by the Regional Dy. Director, Wild Life, Preservation, Deptt. of Forests & Wildlife, Govt. of India, where necessary permit/certificate of Management Authority in India (Director)/Wildlife Preservation, Department of Forests & Wildlife, Govt. of India under the Convention of International Trade in Endangered Species of Wild Fauna and Flora (CITES) shall also have to be obtained.
Certain representations have been received seeking clarification whether for calculation of NFE the imports effected by 100% EOUs/Units in the EPZ are to be deducted or not. In this context, it is clarified that Paragraph 9.5 of Handbook of Procedures(Vol.1) clearly stipulates that Letter of Permission/Letter of Intent issued to EOU/EPZ/EHTP/STP units by the concerned authority would be construed as a licence for all purposes.
The export proceeds realised in any currency shall be converted, except in cases where the entire imports and the entire exports are made in one foreign currency, into US Dollars at the exchange rate prevailing on the date of issuance of EPCG licence which has been endorsed on the reverse of the licence with a view to ascertain whether export obligation has been fulfilled or not.
For taking supplies from such Private Bonded Warehouses no further endorsement of any kind on such specific licence or Advance Licence from the Licensing Authorities would be required. Accordingly, these licences which are valid for imports would be valid for taking supply from Private Bonded Warehouses also.
.Certain instances have been brought to the notice of DGFT wherein some of the exports effected by 100% EOU/ units in the Export Processing Zones are also being counted towards discharge of export obligation under advance licences or wherein DEPB benefits are being claimed. Thus the same exports are also being counted towards benefits under DEPB/advance licence as well as for discharge of export obligation by EOUs/EPZ units.
