DGFT removes the restriction on export of N-95 mask.
The export policy of N95/FFP-2 masks or its equivalent is amended from “Restricted” to “Free” category making all types of masks freely exportable.
DGFT extends the validity of Pre-Shipment Inspection Agencies.
he validity of recognition of the Pre-Shipment Inspection Agencies included in Appendix 2G of Appendices and Aayat Niryat Forms (A&ANF) of Foreign Trade Policy (2015-20) which are completing their original tenure of three years or their extended tenure as on 30.9.2020 is extended up to 31.12.2020.
CBIC revises the Sea Cargo Manifest and Transhipment Regulations.
Considering the disruptions caused due to Covid-19 Pandemic and non-readiness of the stakeholders, the transitional provisions under Regulation 15(2) have been extended from 1st October, 2020 till 31st March, 2021 to enable submission of manifests under erstwhile regulations.
DGFT extends the date of implementation for track and trace systems for export of Pharmaceutical and drug consignments.
The date of implementation of track and trace system for export of pharmaceutical and drug formulations has been extended till 1st April 2020.
CDSCO directs drug importers to furnish certificate of analysis and other documents to the authority.
The importers shall ensure in the declaration or bill of entry that the packaging is not damaged/broken/destroyed and the content of drug/cosmetic has not deteriorated in the format provided in the notification.
New Policy Condition in Import Policy to enable random sampling of LED products and Control Gear for LED products
New Policy Condition in Import Policy to enable random sampling of LED products and Control Gear for LED products notified under “Electronics and Information Technology Goods (Requirement of Compulsory Registration) Order, 2012.
Government seeks to permit 74% investment in defense sector through automatic route
The government seeks to allow 74% investment through automatic route in the defense sector. This shall come into force once the FEMA notification is published.
CBIC revises tariff rates of specified imported goods
By virtue of this notification, most of the tariff values of specified imported goods have been enhanced slightly. These goods include crude palm oil, refined, bleached and deodorised (RBD) palm oil, crude palmolein, brass scrap (all grades), etc. In Table 2, gold and silver as is specified in the notification have also undergone an increase in tariff values.
DGFT clarifies its policy on re-validation to export authorizations for technology or software transfer
The DGFT has categorically elucidated that export obligations in technology or software cannot be quantified in terms of item/ value of exports. As a result, it will not allow re-validation to such export authorizations. However, with the aim of ensuring that the exports do not deteriorate, a single extension of six months will be granted as a one-time relief. This will apply to all SCOMET export authorizations involving technology transfer that expire by 30th September 2020. From now onwards, SCOMET export authorizations for transfer of technology/ software under any category will be valid only for 24 months or as per the period specified in the Handbook of Procedures of the Foreign Trade Policy of 2015-2020.
DGFT issues procedure and criteria for submission and approval of application for export of N-95/FFP2 mask.
The Exporters shall apply online through the DGFT e-com portal for the export authorization and the online application shall be submitted between September 07, 2020 to September 09, 2020 will be considered.
