The exchange/ broker shall ensure that proper audit trails are available to establish identity of the ultimate client.
(iii) that in respect of imports made before the discharge of export obligation in full, the importer at the time of clearance of the imported materials executes a bond with such surety or security and in such form and for such sum as may be specified by the Deputy Commissioner of Customs or Assistant Commissioner of Customs,
I banks may bring the contents of this circular to the notice of their exporter constituents and advise them to obtain full details of the Line of Credit from Exim Bank’s office at Centre One, Floor 21, World Trade Centre Complex, Cuffe Parade, Mumbai 400 005 or log on to www. eximbankindia.in.
Notification No. 16/2009-CUSTOMS Provided that the authorizations issued on the basis of self declaration where Standard Input Output Norms are not fixed, shall also be valid for import of inputs required for the manufacture of export products provided the authorization holder shall prove to the satisfaction of the jurisdictional Assistant Commissioner of Customs or Deputy Commissioner of Customs, as the case may be, that an application in Aayat Niryat form along with documents specified therein has been submitted to the Director General of Foreign Trade, in terms of para 4.7 of the Hand Book of Procedure (Volume I) of Foreign Trade Policy before making the first shipment
In the said notification, in the opening paragraph,-(1) in clause (i), for the words and figures and items not permitted to be imported as specified in para 3.12.4 of the policy the following words, figures and letter shall be substituted, namely :-
(a) the whole of the duty of customs leviable thereon under the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), and (b) from the whole of the additional duty leviable thereon under section 3 of the said Customs Tariff Act, 1975, subject to the following conditions, namely :-
Ministry of Health & Family Welfare will seek the opinion of the Technical Committee in their Ministry on the issue whether raw cashew nut is an edible item covered under PFA Act or not. For the interim period, till the report of the Technical Committee is received, import consignment of raw cashew nut shall be released by customs authorities without insisting for a customs bond for re-processing as provided in Clause (1) of Section 143 of the Customs Act, 1962.
Consequently, export of cricket helmets (covered under ITC (HS) Code 650610) and gloves, mittens and mitts, specially designed for use in sports (covered under ITC(HS) Code 420321) will be entitled for Focus Product Scheme benefits on exports made w.e.f 1.4.2008.
For statutory requirement of Stability & Retention sample with manufacturer, an EOU/EHTP/BTP/STP unit may re-import without payment of duty, those samples, which were exported by it, under intimation to Custom Authorities, and FOB value of such samples shall not be counted for NFE purpose and other export benefits, if any.
In exercise of powers conferred under Paragraph 2.4 of the Foreign Trade Policy 2004-09, the Director General of Foreign Trade hereby makes the following amendments in Handbook of Procedures, Vol. I RE2008.
