DGFT issues notification on export of red sanders wood.
DGFT in its earlier notification relaxed the export ban of 810.1894 MT of red sanders woods in log form and now it has granted time until 6th October 2023 to complete the whole process of export of the Red Sanders Heart Wood in log form.
DGFT allows International Trade Settlements in Indian Rupees for Export Promotion Schemes under the Foreign Trade Policy.
The updated provisions for Export Realisation in Indian rupees been notified for, imports for exports (Para 2.46 of FTP), export performance for recognition as Status Holders (Para 3.20 of FTP), Realisation of export proceeds under Advance Authorisation (AA) and Duty Free Import Authorisation (DFIA) schemes (Para 4.21 of FTP) and Realisation of Export Proceeds under Export Promotion Capital Goods (EPCG) Scheme (Para 5.11 of HBP).
DGFT directs immediate clearance of broken rice consignments
DGFT has directed immediate clearance of broken rice consignments that has been handed over to the container freight station in the customs station for export before issue of this notification.
DGFT has revised the policy condition of coal importing monitoring system.
The Automatic Registration Number shall remain valid for a period of 75 days. Importer shall have to enter the Registration Number and expiry date of Registration in the Bill of Entry to enable Customs for clearance of consignment.
DGFT notifies ICEGATE Helpdesk for redressal of RoDTEP-related grievances.
Indian Customs Electronic Gateway (ICEGATE) is the national portal of Indian Customs of Central Board of Indirect Taxes and Customs (CBIC) that provides e-filing services to the Trade, Cargo Carriers and other Trading Partners electronically.
DGFT extends the restriction imposed on sugar export till 31st October 2023.
This restriction is not applicable to Sugar being exported to EU and USA under CXL and TRQ quota as per prescribed procedure in the respective Public Notices.
DGFT has designated APEDA as the agency authorized to issue RCMCs for Cashew Kernels, Cashew nut Shell Liquid and Kardanol
In addition to the Agricultural and Processed Food Products Export Development Authority, Cashew Export Promotion Council of India shall also act as the agency authorized to issue RCMCs for Cashew Kernels, Cashew nut Shell Liquid and Kardanol.
DGFT notifies new policy condition for export of flour items under HS code 1101.
Export of Wheat Flour (Atta) by 100% Export Oriented Units (EOUs) and units in the SEZ will be subject to pre-import of wheat condition. The Wheat Flour (Atta) will have to be exported within 180 days from the date of import of the wheat consignment. The import shall be subject to actual user condition and transfer of imported raw material, for any purpose including job work, shall not be permitted. Procurement of domestic wheat for the purpose of export of wheat flour will not be allowed.
DGFT includes a new paragraph in the Handbook of Procedures of the Foreign Trade Policy (FTP) 2015-20 to notify the procedure for General Authorisation for Export after Repair in India (GAER).
The SCOMET items were imported to a designated/authorized repair facility in India for the purpose of repair under a contract agreement/Master Service agreement (MSA); or Imported under a contract agreement between Indian exporter, entities of repair facility (if different from exporter) and entity abroad defining ‘ Statement of Work (SOW)’/ ‘ Scope of Work’ including conditions for undertaking repair in India;
International Financial Services Centres Authority (Setting up and Operation of International Branch Campuses and Offshore Education Centres) Regulations, 2022.
The Objective of this regulation is to enable Foreign Universities to establish International Branch Campuses in GIFT International Financial Services Centre (hereinafter referred to as the GIFT IFSC) either on stand-alone basis, or in such other form as may be permitted by the Authority and to make the GIFT IFSC an international educational centre catering to both Indian and foreign students in the specified disciplines and to encourage research in Banking, Insurance, Capital Market, Funds Management, FinTech, Longevity Finance, Sustainable Finance, Quantum Computing, etc., to provide high-end human resources in finance, technology and related fields.
