DGFT Prohibits gift imports through e-commerce portal
The Directorate General of Foreign Trade vide Notification dated 12th December 2019, has amended para 2.25 of Foreign Trade Policy (FTP), 2015-2020 thereby prohibiting the import of goods as gifts through e-commerce portal.
DGFT extends last date for obtaining SIMS (Steel Import Monitoring System) registration till 21st November , 2019
he Directorate General of Foreign Trade Vide notification dated 13th November 2019, has extended the one time relaxation for obtaining (Steel Import Monitoring system) SIMS registration till 21st November 2019 and has amended certain import policy conditions.
DGFT extends the date for import of Pulses for the fiscal year 2019-20
The Directorate General of Foreign Trade (DGFT) in its trade notice dated 5th November 2019, has extended the deadlines for import of Toor till 15th November 2019 from 31st October 2019 fixed as per Notification dated 31st October 2019.
DGFT Issues notice to the members of trade and industry to choose the appropriate category while filing the bill of entry
Directorate General of Foreign Trade has advised the members of trade and industry to be careful while mentioning the HS Codes in Bill of Entry in case of imports and shipping bills in case of exports and indicate the specific HS codes of items at 8 digit level instead of using the “Others” category in a loose and inaccurate manner.
DGFT Bans import of pet flakes made from used PET bottles
The Directorate General of Foreign Trade (DGFT) in its notification dated 24th October, 2019 has banned the import of PET flakes made from used PET bottles.
CBIC launches new program to attract investment and support ‘make in India’ program
The Central Board of Indirect Taxes and Customs (CBIC) has launched a new scheme expected to play a critical role in promoting investments in India and strengthen ‘make in India’ through manufacture and other operations under bond scheme, under Customs Act, 1962.
Warehoused Goods (Removal) Regulations amended
Central Board of Indirect Taxes and Customs (CBIC) has amended the Warehoused Goods (Removal) Regulations, 2016, through its notification dated 1st October, 2019. The Regulations govern the storing, transfer and transport of good warehouse by the owner in relation to a public warehouse, private warehouse or a special warehouse licensed under Sections 57, 58 and […]
DGFT extended date for installing Radiation Portal Monitors and Container Scanners
Directorate General of Foreign Trade in its public notice on 25 September 2019, has amended para 2.54 of the Hand Book of Procedures, 2015-2020. The para deals with installing and operationalizing of Radiation Portal Monitors and Container Scanners. DGFT has extended the deadline for installing and operationalizing of radiation portal monitors and container scanners at the existing designated sea ports namely Chennai, Cochin, Ennore, JNPT, Kandla, Mormugao, Mumbai, New Mangalore, Pradip, Tuticorin, Vishakhapatnam, Pipava, Mundra and Kolkata till 31 December, 2019. Previously, the due date was 31st October 2018.
CBIC Relaxes the percentage of Physical Examination for Export Consignment
The Central Board of Indirect Taxes and Customs vide its circular dated July 24, 2019, clarified issues regarding the refunds of IGST paid on import in case of risky exporters. Board has received representations from exporters regarding the new procedure of 100% examination related to risky exporters which leads to incur additional costs of re-packaging […]
CBIC: Re-import of goods sent for Exhibition Consignment does not constitute Supply
The Central Board of Indirect Taxes and Customs on July 24, 2019, clarified the applicability of Notification No. 45/2017-Customs on the re-import of goods which had been earlier exported either for participation in exhibition or on consignment basis.The issue is clarified as, since, in these goods no consideration is involve, they do not fall in […]
