Policies on steel manufacture & export

Measures taken to facilitate a more conducive policy environment for more competitive domestic steel making and exports.

Central Government commences Trade Infrastructure for Export Scheme

The States can avail of the scheme through their implementing agencies for infrastructure projects with significant export linkages like Border Haats, Land customs stations, quality testing and certification labs, cold chains, trade promotion centres, export …

DGFT amends Import Policy Conditions under ITC HS Code 2515

According to the amended import policy, import of 10000 MT of marble from Bhutan shall be allowed annually without Minimum Import Price subject to prescribed conditions.

DPIIT publishes Annual Report 2022-2023

Some of the aspects highlighted in the report are PM Gatishakti National Master Plan (NMP) for Multimodal Connectivity, Regulatory Reforms- Creating Ease for Doing Business, Startup India, Investment Promotion and International Co-operation, etc

New rate of exchange for conversion of foreign currencies into Indian currency or vice versa for import and export of goods

The revised rates shall have effect from 3rd March, 2023.

DGFT amends Handbook of Procedures 2015-2020 for implementation of all Policy Relaxation Committee decisions

DGFT has amended the Handbook of Procedures 2015-2020 to implement the previous decisions of PRC involving process of levying Composition Fee in case of extension of Export Obligation Period (BOP) and/or regularization of exports already …

DGFT relaxes Procedure for Acceptance of Additional Fee Covering Excess Imports under EPCG Scheme

The Directorate General of Foreign Trade (DGFT) has granted a one-time relaxation for furnishing additional fee to cover excess imports affected under Export Promotion Capital Goods (EPCG) Scheme. The present notice grants one-time relaxation in …

CBIC amends its Circular on Centralised Antecedent Verification of warehouse licence applicants

The CBIC has noted that the cases of centralised system of antecedent verification are facing unreasonable delays in certain field formations. Hence, it has inserted a clause in it Circular stipulating that “…antecedent verification must …

CBIC amends its Circular to include details of Ex-bond Bill of Entry or Shipping Bill in Form A

CBIC by its previous circular had issued ‘Form A’ for capturing details relating to receipts, handling, storage and removal of warehoused goods. Form A has been amended by inserting a new column, i.e. Column No. …

Clarification regarding revisions to the international regulations for the prevention of air pollution from ships

The revised regulations included a requirement that, from January 01, 2020, the sulphur content of fuel oil used by ships operating outside designated emission control areas shall not exceed 0.50% by mass, known as “IMO …

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