DGFT has delisted 32 agencies authorized to issue Certificates of Origin (Non Preferential)
The entities are delisted because they have still not onboarded on the e-CoO platform for issuance of Certificate of Origin (Non Preferential), to complete their on-boarding by 31st August 2023.
CBIC directions for import of Linear Alkyl Benzene
In addition to the prescribed documents required to be submitted with the bill of entry, the importer shall also produce — (i) Test Certificate of the product; (ii) Manufacturer’s Invoice; (iii) Purchase Order or Contract; and (iv) manufacturing process from the manufacturer.
Amendment in Export Policy of Food Supplements Containing Botanicals
This amendment introduces stricter regulations on the export of food supplements containing botanicals to the EU and UK, aiming to ensure the quality and safety of such products for human and animal consumption. The involvement of designated Competent Authorities and accredited laboratories will enhance the scrutiny and verification of these supplements before export.
DGFT clarification regarding Pre-shipment and Post-shipment Export Credit and Packing Credit in Foreign Currency for E-Commerce Exports
It is clarified that “Master Circular Rupee/Foreign Currency Export Credit and Customer Service to Exporters” furnishes a comprehensive framework, allowing for access to Pre-shipment and Post-shipment export credit and Packing Credit in Foreign Currency (PCFC) to all eligible exporters which does not preclude E-Commerce Exporters.
Extension in release of Imported Consignments of Producers of 106 EEE items
The Central Pollution Control Board (CPCB) has clarified that the interim arrangement of release of imported consignments of producers of 106 EEE items shall be extended to 15th September, 2023. It may be recalled that CPCB had previously notified that this interim arrangement would be effective till 31st August, 2023.
IFSCA issues additional anti money laundering measures under IFSCA (Anti Money Laundering, Counter-Terrorist Financing and Know Your Customer) Guidelines, 2022
In a cross-border wire transfer where the amount to be transferred exceeds USD 1000, every bank which is an ordering institution shall include in the message or payment instruction that accompanies or relates to the wire transfer. Intermediary Institution shall be required to take all reasonable measures, consistent with straight-through processing, to identify cross-border wire transfers that lack the information required.
Plant Quarantine (Regulation of Import into India) (Sixth Amendment) Order, 2023
The Amendment Order is now permitting the import of Fresh Fruit for Consumption of Persea americana (Avocado) from Kenya. However, such import shall comply with the additional declarations that are required to be incorporated into Phytosanitary Certificate and shall also comply with special conditions.
Ministry of Commerce and Industry enlists competent authorities appointed for receiving application for approval of foreign investment
An SOP listing the competent authorities appointed for receiving the physical copy of application for approval of foreign investment in the sectors/activities requiring Government approval is also published.
Review of Regulatory Framework for IDF-NBFCs
In order to enable IDF-NBFCs to play a greater role in the financing of the infrastructure sector and to harmonise the regulations governing financing of infrastructure sector by the NBFCs, a review of the guidelines applicable to IDF-NBFCs has been undertaken, in consultation with the Government of India.
List of banks authorized by RBI to import gold and silver
LIST OF BANKS AUTHORISED BY RESERVE BANK OF INDIA TO IMPORT BOTH GOLD AND SILVER FOR FY 2023-24 VALID UPTO MARCH 31, 2024.
