DGFT liberalizes and simplifies the policy for export of Drones/Unmanned Aerial Vehicles (UAVs) for civilian end uses from India
The export of Drones/UAVs not covered under the specified categories in SCOMET list in the foreign trade policy and capable of range equal to or less than 25 km and delivering a payload of not more than 25 kgs (excluding the software and technology of these items) and meant for only civilian end-use, will now be subject to General Authorization for Export of Drones (GAED), a onetime general license valid for 3 years.
National Time Release Study (NTRS) 2023 report
Time Release Study (TRS) as a performance measurement tool aims to present a quantitative measure of the cargo release time, defined as the time taken from the arrival of the cargo at the Customs station to its out-of-charge for domestic clearance in case of imports and arrival of the cargo at the Customs station to the eventual departure of the carrier in case of exports.
Net Tonnage factor for Financial Year 2022-23 (AY 2023-24) to be used by Tonnage Tax Companies having Space / Slot arrangement
The Net tonnage factor for the financial year 2022-23 (AY 2023-24) has been worked out as 9500.
DGFT further revises policy condition for export of Basmati and Non-Basmati Rice to member states of the European Union
Certificate of Inspection by Export Inspection Council/ Export Inspection Agency shall be mandatory for export of basmati and non-basmati rice to UK, Iceland, Liechtenstein, Norway and Switzerland. Export of basmati and non-basmati rice to remaining European countries will not require Certificate of Inspection by Export Inspection Council/ Export Inspection Agency from 29th May, 2023 till 29th November, 2023.
DGFT introduces online facility of requesting appointment with DGFT Offices
By virtue of this facility, exporters will be able to make an online request for personal virtual hearing. The concerned officers at Regional Authorities (RAs) of the DGFT will them provide a suitable time and link for the virtual hearing on the online facility.
Online facility for requesting appointment for virtual meeting/personal hearing for the exporters
Exporting Community may also refer to the Help manuals for suitable guidance on the DGFT website.
Anti-dumping on imports of “Dispersion Unshifted Single-mode Optical Fiber” (SMOF”) originating in or exported from China, Indonesia and Korea RP
The Directorate General of Trade Remedies on 5th May 2023 has issued order of Anti-dumping investigation concerning imports of “Dispersion Unshifted Single-mode Optical Fiber” (SMOF”) originating in or exported from China, Indonesia and Korea RP.
Revised custom exchange rates
The Central Board of Indirect Taxes and Customs has determined the rate of exchange of conversion of each of the foreign currencies specified in column (2) of each of Schedule I and Schedule II , into Indian currency or vice versa, shall, with effect from 05th May, 2023
DGFT realigns RoDTEP Schedule with Finance Bill, 2023
The details of items added and deleted are available at the DGFT portal www.dgft.gov.in under the link ‘Regulatory Updates >RoDTEP’. The amendments shall come into force w.e.f 01.05.2023.
Amnesty Scheme for Settlement of Default in Export Obligation Amended
The present notice clarifies that all pending cases of the default in meeting EO can be regularised by the authorisation holder on payment of all customs duties that were exempted in proportion to unfulfilled EO and interest payable is capped at maximum of 100% of such duties exempted on which interest is payable.
