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 by the Section 5 of the Foreign Trade ( Development & Regulation) Act, 1992 ( No.22 of 1992) read with Paragraph 1.3 of the Export & Import Policy 1997-2002, the Central Government hereby makes the following amendment in the Export & Import Policy, 1997-2002.
The 1998 notification restricts importing computers under Rs 70,000, allowing imports only with a Special Import License (SIL).
It has been reported by Regional Licensing Authorities that during the strike period from 2.7.1998 to 13.7.1998 many of the exporters were unable to submit the applications for DEPB, Special Import License etc. within the time limit prescribed in the policy and as such those applications will become time barred. In accordance with Paragraph 15.17 of the Handbook of Procedures, 1997-2002, (Vol.1), applications received after expiry of prescribed date of receipt, but within six months from the last date.
The exporters of newspapers and periodicals are facing problems and are not able to get SIL even after satisfying the eligibility criteria of Paragraph 11.11 of Handbook of Procedures (Vol.1), because such exporters are granted permission by Reserve Bank of India to export their publications without completing G.R. formalities and / or by post parcel without completing PP form formalities.
This issue was considered in detail in consultation with Deptt. of Revenue. It was felt that, when the duty paid material is provided by DTA Unit to EOU in terms of Ministry of Finance instructions as stated above, then this duty paid should be refunded back. Accordingly, in respect of such direct exports from EOU based on the duty paid material supplied by the DTA units for job work, duty paid on the inputs would be refunded back by way of Brand Rate of Duty Drawback.
The follwing entry shall be added as S. No.38 in the Schedule 2 Appendix I of the Book titled ” ITC(HS) Classification of Export and Import Items 1997-2002.
In exercise of the powers conferred under Paragraph 4.11 Of the Export & Import Policy 1997-2002, the Director General of Foreign Trade hereby makes the following amendments in Schedule 2 Appendix I of the Book Titled ” ITC (HS) Classification of Export & Import Items 1997-2002.
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 (incorporating amendments made upto 13.4.1998), the Central Government hereby makes the following amendments in the Export and Import Policy, 1997-2002, (incorporating amendment made upto 13.4.1998).
Handbook of Procedures, 1997-2002 Vol. 2 ( incorporating amendments made upto 31st August, 1998. Attention is invited to the Export and Import Policy, 1997-2002 (incorporating amendments upto 13th April, 1998) published under the Ministry of Commerce Notification No. 1 (RE-98) dated 13.4.1998.
– In exercise of the powers conferred by Section 5 of the Foreign Trade (Development and Regulation) Act, 1992 (No. 22 of 1992) read with Paragraph 4.1 of Export and Import Policy, 1997 –2002, as amended; the Central Government hereby notifies the ITC(HS) Classifications of Export and Import Items 1997-2002 (Revised Edition: August, 1998) as contained in Annexure to this Notification.