DGFT has expanded the electronic platform for Preferential Certificate of Origin for 2 more FTAs/PTAs.
The Preferential Certificate of Origin for exports to countries under the following trade agreements i.e. i. India-Mercosur Preferential Trade Agreement ii. India-Thailand Early Harvest Scheme, shall be applied and issued from the CoO e-platform with effect from 25 th February 2021.
CBIC Clarification on payment of Agriculture Infrastructure and Development Cess on the import of goods for financing the agriculture infrastructure
EOU/STP/EHTP are required to maintain and also submit digital copy of Form – A of Circular dated 29.07.2016, by 10th of the month to proper officer, which captures the summary of receipt, removal, returns and balance of goods imported for financing the agriculture infrastructure.
Levy of Fees (Customs Documents) Amendment Regulations, 2021.
he Amended is brought under regulation 3 which specifies the levy of fees in which its notifies Rs, 1000 as fees for Handling of mismatch between Shipping Bill and GST returns in Customs Automated System.
CBIC amends the exemption percentage for gold, silver, and platinum under Customs Tariff Act, 1975.
The Central Board of Indirect Taxes vide its notification dated 17th February 2021 has amended its earlier notification dated 8th May 2020 on exemption of gold, silver, and platinum from the Customs Tariff Act, 1975. Through this amendment, the table in the earlier notification which specifies the exemption percentage has been substituted for the entry […]
Application for issuance and updation of e-IEC can now be made online directly through DGFT web-portal
Application for issuance of e-IEC can now be made directly on DGFT web-portal. The updation in IEC is also made completely online.
DGFT introduces online e-certificate management system for the imports.
The Applications to be submitted online through the importer/exporter’s dashboard on the DGFT Website includes I Card (as under ANF-2B), Free Sale and Commerce Certificate (as under ANF-2H & 2I), End User Certificate (as under ANF-2J), Status Holder Certificate (as under ANF-3C).
DGFT provides procedure for verification of the exporters declaration on the Rules of Origin under GSP Scheme
As per the revised scheme, exporters with a REX number are allowed to self certify the Statement on Origin of their goods being exported to EU under the Registered Exporter System (REX).
DGFT amends the application process for electronic-importer exporter ccode.
the Application process for IEC and updation in IEC is completely online and IEC can be generated by the applicant as per the procedure detailed in the Hand book of Procedure.
DGFT introduces online e-tariff Rate Quota System for imports.
Applicants seeking TRQ for imports shall submit their application online under “e-tariff rate quota” in the import management system on the DGFT website.
Economic Survey 2020-21
The economic survey reveals the results of the four-pillar strategy of containment, fiscal, financial, and long-term structural reforms adopted by India to fight pandemic outbreak and its economic impact.
