DGFT lays down criteria and procedure for submission of applications for export of surgical mask
The Exporters (both manufactures and merchant exporters) shall apply online through DGFT’s ECOM system for export authorizations and export of only 4 crore units will be allowed for the month of August.
CBIC issues the Sea Cargo Manifest and Transhipment (Second Amendment) Regulations, 2020
The Authorized dealer can now deliver the cargo declaration in Form-VIA or Form-VIB and Form-VIIA or Form-VIIB or arrival and departure manifest in Form-VIII or Form-VIIIA, from 15th May, 2020 till 30th September, 2020.
DGFT amends the export policy for Personal Protection Equipments/ Masks
The Central Government amends the export policy of 2/3 Ply Surgical masks, Medical Goggles from “Prohibited” to
“Restricted” category and export of Face Shields has been made “free”.
RBI extends due date for filing annual return on Foreign Liabilities and Assets (FLA)
The Reserve Bank of India has extended the the due date for submission of annual return on Foreign Liabilities and Assets (FLA) for the year 2019-20 to August 14, 2020.
Foreign Exchange Management (Non-debt Instruments) (Third Amendment) Rules, 2020
The amendment empowers the RBI to issue such directions, circulars, instructions, clarifications necessary for effective implementation of the provisions of these rules, without consulting the central government.
Ministry of Shipping waives waterways usage charges to promote Inland water transport
The Ministry of Shipping has decided to waive waterway usage charges in order to promote inland waterways as a supplementary, eco-friendly and cheaper mode of transport. Charges are waived initially for three years.
CBIC relaxes submission of custom sealed sample for clearance of import consignments of livestock
The CBIC for ease of doing business has relaxed the requirement for submitting custom sealed sample for clearance of import consignments of livestock under no testing category.
DGFT invites applications for export of PPE as per revised criteria and procedure
The DGFT has invited fresh applications for export of PPE coveralls and has also issued a revised criteria for export and a revised procedure for applying.
DGFT amends the export policy of certain PPEs
The Director General of Foreign Trade vide on 22nd July 2020 has prohibited the export of Medical Coveralls of all Classes/Categories (except Surgical drapes, isolation aprons, surgical wraps and X-ray gowns) , Medical Goggles and All masks other than non-medical/non-surgical masks (cotton, silk, wool, polyester, Nylon, Rayon, Viscose – Knitted, Woven or Blended)
DGFT restricts the import of power tillers.
The Director General of Foreign Tarde on 15th July 2020 has notified the procedure to implement the restriction imposed on import of Power Tillers and for authorization of import the following conditions shall be followed. The applicant should have been in the business for at least 3 years and should have sold a minimum of […]
