Revised import policy for import of Used IT Assets (Laptops, desktops, monitors, printers) from Special Economic Zone (SEZ) to Domestic Tariff Area(DTA)
Import of Used IT Assets (Laptops, desktops, monitors, printers) from Special Economic Zone (SEZ) to Domestic Tariff Area(DTA) shall be free.
Extension of Date for Mandatory electronic filing of Non-Preferential Certificate of Origin
The exporters and Non-Preferential COO Issuing Agencies as notified under Appendix-2E of the FTP would have the option to use the online system, the online application process shall not be mandatory till 31 December 2024. In this interim period, the existing systems of processing non-preferential COO applications in manual/paper mode is permitted.
CBIC enables gold imports by valid TRQ holders under India UAE CEPA
Customs (Import of Goods at Concessional Rate of Duty or for Specified End Use) Rules, 2022 shall not be applicable if the importer and the TRQ Holder are the same entity.
Revised Export Policy of Food Supplements
The export of Food Supplement containing botanicals to Europe Union (EU) and United Kingdom (UK) originating in or consignment from India and intended for human or animal consumption, is allowed subject to issuance of the official certificate issued Export Inspection Council (EIC) Export Inspection Agencies (EIAs), the designated Competent Authority for issuance of official certificate.
DGFT has directed for Closure of cases of default in Export Obligation under Advance Authorization and EPCG Schemes for relaxation in policy/procedure
Policy Relaxation Committee (PRC)/EPCG Committees considers each application based on individual facts and circumstances oh a case to case basis. Since Policy relaxation is not a matter of right, all such authorization holders are advised to not wait till their requests are decided by the PRC/EPCG Committees and submit their applications for closure of default in EO under the Amnesty Scheme by the prescribed date of 31.12.2023.
“HaritSagar” Green Port Guidelines to reduce carbon intensity and to develop an environment-friendly ecosystem at all Major Ports
Under these guidelines, various green interventions such as ship-to-shore power supply, electrification of Port equipment, usage of alternate fuels such as green Hydrogen/Green Ammonia/Methanol in port crafts, creation of infrastructure at select Ports for storage, bunkering, and refuelling of Green hydrogen/Green Ammonia, increase share of Renewable Energy etc. have been provided.
Interest Equalisation Scheme on Pre and Post Shipment Rupee Export Credit extended till 30.06.2024
Benefit shall be continued till 30.06.2024 to manufacturer and merchant exporters of the identified 410 tariff lines and to all manufacturer exporters from MSME sectors at rates as specified. The scheme shall be implemented by RBI through various Public and non-Public Sector banks who provide pre and post shipment credit to the exporters. The Scheme is jointly monitored by DGFT and RBI through a consultative mechanism.
Special Economic Zones (Fifth Amendment) Rules, 2023
The amendment provides the rules regarding setting up Information Technology Enabled Services Special Economic Zone.
Allocation of Remaining Quantities of Raw Petroleum Coke
It was unanimously decided to distribute the remaining 0.4 million tonnes of RPC to all eligible calciners on a pro-rata basis, following the existing methodology adopted by the DGFT. Certain criteria were laid out, including considerations for those who had not applied before, surrendered significant quantities, or featured in specific reports.
Commerce Ministry to collaborate with e-commerce companies to promote exports from districts
The core objective of this collaboration is to leverage e-commerce platforms to support local exporters, manufacturers, and MSMEs in reaching potential international buyers. The partnership aligns with the Foreign Trade Policy 2023, which identifies e-commerce as a focus area for amplifying India’s exports.