Validity of the NOC for imported Alcoholic Beverages Bottled in Origin & in Bulk shall be 300 days
Imported consignments of Alcoholic Beverages Bottled in Origin & in Bulk, containing more than 10 percent alcohol which does not have an expiry date, the NOC issued as per the FSS (Import) Regulations, 2017 shall have a validity of 300 days.
Relaxation in timeline to apply for allocation of Tariff Rate Quota (TRQ) under India-Mauritius CECPA
The deadline for for inviting applications for grant of import authorization is extended from 31.12.2021 to 31.01.2022, for the current financial year 2021-22, with other modalities remaining the same.
The Major Port Authorities (Corporate Social Responsibility) Rules, 2021.
Every board of each Major Port Authority that fulfills the eligibility criteria given in the Corporate Social Responsibility guidelines shall, at the beginning of each financial year, create a Corporate Social Responsibility budget and allocate funds to the Corporate Social Responsibility projects, programs or activities in such manner and to such extent as may be specified in the Corporate Social Responsibility guidelines.
DGFT to De-activate Import Export Codes (IECs)not updated after January 01, 2014.
The concerned IEC holders are provided a final opportunity to update their IEC in this interim period till 05.12.2021, failing which the given IECs shall be de-activated from 06.12.2021.
DoT allows 100% FDI in VSAT services under automatic route
It is further provided that FDI from entities from a country that shares land border with India shall be through government route.
DGFT issues SOP for random checking of imported consignments of metal scrap with respect to radioactive contamination.
As per the SOP, No container without a certificate issued by a Pre-Shipment Inspection Agency (PSIA), should be allowed to be unloaded and be sent back to country of origin.
DGFT extends the date for mandatory e-filing of Non-Preferential Certificate of Origin (CoO) through the Common Digital Platform.
The existing systems for submitting and processing non-preferential CoO applications in manual/paper mode is being allowed for the stated time period and the online system is not being made mandatory.
IFSCA has notified the minimum holding period on sale/transfer of loan assets.
IFSCA clarifies, that the Authority does not mandate any Minimum Holding Period (MHP) requirement pertaining to sale/transfer of loan assets(by any means)by/to IFSCA banking unit (IBU).
DGFT allows import of Technical Grade Urea (TGU) for non-agricultural/ industrial/ NPK Manufacturing use to be Free
Import of Urea is allowed through National Fertilizers Limited (NFL) and Indian Potash Limited (IPL) subject to Para 2.20 of Foreign Trade Policy, 2015-2020. The NFL and IPL are designated as STE for import of Urea on Government account. However, IPL is allowed to import Urea on Government account till 31.03.2022 only. Henceforth, the MMTC and STC are de-notified as STE for import of Urea.
Revised procedure for FDI in the Telecom Sector
As per the amendment 100% FDI is allowed in the telecom sector under automatic route. It is further provided that FDI from entities from a country that shares land border with India shall be through government route.
