Blogs

1.Application fee for grant of import authorization [Trade Notice No.22/2018 dated 11.12.2017]:  

Said Trade Notice was issued to state that the application fee as prescribed in Appendix 2K of FTP2015-20 is the processing fee and the importers are required to submit their import authorisation applications at the Regional Authority along with the prescribed fee and simultaneously at DGFT(HQ). The importers shall note that the application for grant of import licence may only be...

Validity of Duty Credit Scripts [Public Notice 33/2015-20 dated 23/10/2017]:  

Duty Credit Scripts would be valid for a period of 18 months from the date of issue and must be valid on the date on which actual debit of duty is made.  

Further, Duty Credit Scripts issued on or after 01.01.2016 under chapter 3 would be valid for a period of 24 months from the date of issue and must be valid on the date on which actual debit of duty is made.  

Onetime condo nation of time period...

Amendments to Hand Book of Procedures 2015-20: Public Notice 26/2015-2020 dated 20th  

September, 2017 -  

a) Para 4.06 of chapter 4 of HBP 2015-2020:  

1. In case where norms have not been notified or where applicant wants to get the ad-hoc norms fixed before making an application for Advance Authorisation, application in ANF 4B, along with prescribed documents, shall be uploaded online to concerned Norms Committee (NC) in DGFT headquarters for fixation of...

The Directorate General of Foreign Trade had notified the Harmonised MEIS Schedule in Appendix  3B vide Public Notice NO.61 dated on 07.03.2017. Some of the ITC (HS) 2012 Codes eligible under MEIS were not notified.  

In exercise of powers conferred under Foreign Trade Policy (2015-2020), the Director General of Foreign Trade has notified the MEIS Schedule, Appendix 3B (Table-2) for the ITC(HS) Codes vide Public Notice 17/2015-2020, Dated the 22nd August, 2017 that were not included...

Changes in IEC with the introduction of GST: (Trade notice number 09 dt 12.06.2017)  

With the introduction of GST, the GST Identification Number (GSTIN) would be used for the following purposes:  

• Credit flow of IGST on import of goods  
• Refund or rebate of IGST on the export of goods  

As the above requirement is fulfilled on transaction-level it has been decided that only GSTIN is required to be mentioned at the time of import and export of goods.  

Further,...