DGFT extends the timeline for installation and operationalisation of radiation portal monitors.
DGFT has amended sub-para (v) (ii) of Para 2.54 of the Handbook of Procedure (2015-2020) and extends the deadline to install and operationalize Radiation Portal monitors and Container Scanners by September 30, 2022.
DGFT revises export policy for HydroflouroCrabons from free to restricted
The export authorization for HFCs can be issued only after obtaining NOC from ozone cell, MoEF & CC.
Revised export policy for Basmati and Non-Basmati rice
Policy for export of Basmati and Non-Basmati rice to countries in the European Union shall be ‘free’ subject to obtaining a certificate of inspection issued by Export Inspection Council/Export Inspection Agency.
Revised guidelines for Tariff Based Competitive Bidding process for procurement of power from grid connected wind solar hybrid projects
A distribution licensee can authorize any agency to carry out bidding/tendering on its behalf.
DGFT amends guidelines on ANF-4F of Handbook of Procedures, 2015-2020.
As per the amendment, e-BRC / Bank Certificate of Exports and Realisation in the form given at Appendix 2U or Foreign Inward Remittance Certificate (FIRC) in the case of direct negotiation of documents or Appendix 2L in case of offsetting of export proceeds. In case of export to OFAC listed countries, exporter may submit FIRC along-with the self-declaration that e-BRC (electronic Bank Realisation Certificate) could not be generated by the concerned bank.
DGFT operationalised new online IT Module for Interest Equalisation Scheme w.e.f. April 01, 2022.
The UIN generated shall have a validity of 1 year from the date of registration, during which an application for availing benefit of IES can be submitted to the concerned bank. The auto generated Acknowledgement containing UIN number need to be submitted to the concerned bank along with the prescribed application by the bank, if any, for availing benefit under IES.
Revised import policy of Hydrofluorocarbons
DGFT has amended the import policy of Hydrofluorocarbons (HFCs) to revise it from ‘Free’ to ‘Restricted’ subject to NOC from MoEF & CC.
Ministry of Commerce extends the last date for submission of applications under certain Scrip based Schemes.
The total reward which may be granted to an IEC holder under the Merchandise Exports from India Scheme (MEIS) shall not exceed Rs. 2 Crore per IEC (Importer-exporter code) on exports made in the period 01.09.2020 to 31.12.2020 [period based on Let Export Order (LEO) date of shipping bill(s)].
DGFT revises Import policy of only ‘Drosophila melanogaster’
The import policy is revised from restricted to ‘Free’ subject to IBSC approval, as per the provisions of the ‘Revised Simplified Procedures/ Guidelines on Import, Export and Exchange of GE organisms and products thereof for R&D purpose’ notified by the Department of Biotechnology.
IFSCA invites public comments on draft ‘IFSCA Guidance framework on Sustainable and Sustainability linked lending by financial institutions in IFSCs.
The guidance intends to provide a broad framework for adoption of principles aligned with the existing international standards viz. Green/Social Loan Principles developed by Loan Market Association (LMA), Bond Principles developed by International Capital Markets Association (ICMA), Climate Bond Standards by Climate Bonds Initiative and any other similar recognized standards.
