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DGFT Enhances Norm Fixation Process: Streamlining Trade Operations
Streamlining Norm Fixation Process: DGFT Issues Public Notice The Directorate General of Foreign Trade (DGFT) has issued Public Notice No. 15/2023 dated March 14, 2024, introducing amendments to Para 4.06 and Para 4.14 of the Handbook of Procedures 2023 (HBP 2023). These amendments aim to
“Streamlining Import Duty Payments: The ECL Initiative”
Introduction: In a bid to modernize and streamline import duty payments, the Indian government has introduced the Electronic Cash Ledger (ECL) as the designated mode of payment for goods imported through International Courier terminals, effective from March 01, 2024. Implementation Timeline: The journey towards adopting
Revolutionizing Regional Trade: India’s Digital Leap in the North East
Introduction: In a landmark endeavor aimed at revolutionizing regional trade efficiency, Union Finance Minister Smt. Nirmala Sitharaman inaugurated the Electronic Data Interchange (EDI) at Land Customs Stations (LCS) in the North East Region. This momentous step is poised to enhance transparency, streamline operations, and bolster
“DGFT Allows Merchanting Trade Within Single Foreign Country”
DGFT Notification Allows Merchanting Trade within Single Foreign Country The Directorate General of Foreign Trade (DGFT) has issued a significant amendment to the Foreign Trade Policy, 2023, through Notification No. 62/2023 dated February 29, 2024. This amendment marks a notable shift by permitting merchanting trade
“Customs Crackdown: Seizure and Destruction of Smuggled Contraband”
Introduction: In a significant operation against the illegal import of foreign-origin cigarettes and other contrabands, the Customs Commissionerate in Indore, under the Bhopal Zone, executed the destruction of a substantial quantity of smuggled goods. This operation targeted the unlawful trafficking of cigarettes and related products,
CBIC issued procedure for amendment in Bill of entry [download pdf]
CBIC has issued a notification for the process of amendment in bill of entry. The procedure will be based on various amendments as per their nature. public_profile can be reached at shaifaly.ca@gmail.com Self approval- 5.1 Board vide Notification No. 36/2021-Customs (N.T.) dated 29.03.2021 notified that
CA Shafaly GirdharwalDGFT Notice Expands Scrap Import Ports and PSIC Exemption
Introduction: The Directorate General of Foreign Trade (DGFT) issued Public Notice No. 43/2023 on February 14, 2024, introducing significant amendments to the Handbook of Procedures, 2023. These changes aim to facilitate the import of metallic waste and scrap by expanding the designated sea ports and
Import / ExportAdvocating for SEZs to Sell Goods in the Domestic Market by Paying Duties on Inputs Forgone: GTRI’s Perspective
Currently, Special Economic Zones (SEZs) have the privilege of selling their products in the Domestic Tariff Area (DTA) by paying duties based on the finished goods they produce. The Global Trade Research Initiative (GTRI) has pointed out that the government already grants the option of
Import / ExportCBIC declared the limit for appeal to CESTAT, HC and SC
In exercise of the powers conferred by Section 131BA of the Customs Act, 1962 and in partial modification of earlier instruction issued from F. No. 390/Misc./163/2010-JC dated 17.08.2011, the Central Board of Indirect Taxes & Customs (hereinafter referred to as the Board) fixes the following
Import / ExportSteel product imports need BIS License through QCO Portal for each and every imported steel consignment
The Ministry of Steel and Steel Products (Quality Control) order under the BIS Act, 2016. Periodically the Ministry issue such QCO order to cover more grades of steel and related products. The Quality Control Order mandates that all the steel products imported into the country
Import / ExportDPIIT issued quality standards for furniture
Acting under the authority granted by section 16 of the Bureau of Indian Standards Act, 2016 (11 of 2016), the Central Government, in consultation with the Bureau of Indian Standards, deems it imperative in the best interest of the public to take such action. [pdf_attachment
Overview of Customs Bonded Warehouse
Content Slide Overview of the Scheme – What is Bonded Warehouse Scheme – Who can apply for this Scheme – How the scheme works Benefits of this scheme Comparison with existing schemes Application for the scheme Key Points of Consideration Case studies explaining the BENEFITS