Home India Ministry of Commerce and Industry Amendment in Para 2.107 (TRQ under FTA/CECA) of Handbook of ...
Date: 2022-08-29 Category: Not Applicable State: Union Government Country: India

Amendment in Para 2.107 (TRQ under FTA/CECA) of Handbook of Procedure 2015-2020.

Issued by Ministry of Commerce and Industry · Directorate General Of Foreign Trade

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Executive Summary & Key Takeaways

**Summary:** This Public Notice, No. 23/2015-2020, issued by the Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industry, Department of Commerce, dated August 29, 2022, amends Para 2.107 of the Handbook of Procedure 2015-2020 regarding Tariff Rate Quotas (TRQ) under the India-UAE Comprehensive Economic Partnership Agreement (CEPA). The amendment, effective immediately, modifies Condition 0 in Annexure IV of Appendix 2A, previously notified via Public Notice No. 06/2015-20 dated May 1, 2022, aligning with Department of Revenue Notification No. 43/2022-Customs dated July 20, 2022. Specifically, for TRQ authorizations under tariff head 7108, the authorization shall now include the Importer Exporter Code (IEC) of the nominated agency/IFSCA, GST of banks or DGFT for other agencies or qualified Identification Number (GSTIN) of the jewelry manufacturer to whom the TRQ is being issued. The TRQ importer must adhere to the procedures outlined in the Customs Import of Goods at Concessional Rate of Duty Rules, 2017. The effect of this notice is that TRQ imports under ITCHS 71081200 under the India-UAE CEPA may also be affected through qualified jewelers as notified by the International Financial Services Centres Authority (IFSCA) using the India International Bullion Exchange. For further information, contact the Director General of Foreign Trade at dgft@nic.in. This notice was issued from File No. 01/89/180/01/AM22/PC-2B/E-31419.

Key Entities Referenced

Foreign Trade Policy, 2015-20: A trade policy governing import and export activities. Directorate General of Foreign Trade: The agency responsible for implementing the Foreign Trade Policy. Public Notice No. 06/2015-20: A public notice issued by the Directorate General of Foreign Trade on 01.05.2022. Department of Revenue: The department responsible for revenue collection. Notification no. 43/2022-Customs: A customs notification issued by the Department of Revenue on 20th July 2022. Customs Import of Goods at Concessional Rate of Duty Rules, 2017: Rules governing the import of goods at concessional duty rates. India-UAE CEPA: Comprehensive Economic Partnership Agreement between India and the United Arab Emirates. International Financial Services Centres Authority (IFSCA): Authority regulating International Financial Services Centres.
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[To be published in the Gazette of India Extraordinary Part-I, Section -1] Government of India Ministry of Commerce & Industry Department of Commerce Vanijya Bhawan, New Delhi Public Notice No. 23 /2015-2020 Dated: 29'" August, 2022 Subject: Amendment in Para 2.107 (TRQ under FTA/CECA) of Handbook of Procedure 2015-2020. In exercise of powers conferred under paragraph 1.03 and 2.04 of the Foreign Trade Policy, 2015-20, as amended from time to time, the Directorate General of Foreign Trade hereby amends condition(o) of Annexure-IV of Appendix-2A notified earlier vide Public Notice No. 06/2015-20 dated 01.05.2022, in sync with Department of Revenue vide Notification no. 43/2022-Customs dated 20" July 2022. 2: In the said Public Notice, Condition (0) in Annexure IV of Appendix 2A, shall be substituted as under: Existing Provision | Revised Provision | In addition to the requirements as above, In addition to the requirements as above, the TRQ the TRQ authorization for items under authorization for items under Tariff head 7108, Tariff head 7108, shall also contain shall also contain Importer Exporter Code (IEC) of Importer Exporter Code (IEC) of the the nominated agencies as notified by RBI (in case nominated agency/IFSCA, GST of banks) or DGFT (for other agencies) or qualified Identification Number (GSTIN) of the jewellers as notified by International Financial jewellery manufacturer to whom TRQ is ServicesCentres Authority(IFSCA), GST being issued. The said TRQ importer Identification Number(GSTIN) of the jewellery shall follow the procedure set out in the manufacturer to whom TRQ is being issued. The Customs (Import of Goods at said TRQ importer shall follow the procedure set Concessional Rate of Duty) Rules, out in the Customs (Import of Goods at 2017. Concessional Rate of Duty) Rules, 2017. Effect of this Public Notice: TRQ imports under ITC(HS) 71081200 under India-UAE CEPA may also be affected throughqualified jewellers as notified by International Financial Services Centres Authority(IFSCA)using the India International Bullion Exchange. (Santosh Kumar Sarangi) Director General of Foreign Trade & Ex- officio Addl. Secretary to the Govt. of India Email: dgft@nic.in [Issued from File No. 01/89/180/01/AM-22/PC-2|B |/E- 31419]

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