Home India Ministry of Commerce and Industry Amendments in Annexure IV under Appendix 2A (Imports of Item...
Date: 17-Apr-2023 Category: Extra Ordinary State: Union Government Country: India

Amendments in Annexure IV under Appendix 2A (Imports of Items under TRQ under India UAE CEPA)

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

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Executive Summary & Key Takeaways

What it means

  • This gazette notification issued by the Directorate General of Foreign Trade (DGFT) amends Annexure-IV of Appendix-2A of the Foreign Trade Policy 2023. The amendment pertains to the procedure for import of items under the Tariff Rate Quota (TRQ) under the India-UAE Comprehensive Economic Partnership Agreement (CEPA). Specifically, it removes the condition that only jewellery manufacturers are eligible to import gold under HS code 7108 under the TRQ.

Key Changes

  • Condition (g) (i to vi) under Annexure-IV of Appendix-2A, which specified eligibility criteria for jewellery manufacturers to import gold under HS code 7108 under the India-UAE CEPA TRQ, has been deleted.
  • The deleted conditions previously required eligible applicants to be jewellery manufacturers with an average annual turnover of Rs. 25 crores over the last 3 financial years, dealing in specific ITC(HS) codes (7108, 7113, 7114, and 7118), possessing a GST number, and having their financial statements certified by a Chartered Accountant.

Impact Analysis

Stakeholders Impacted

  • Government: The government aims to streamline trade procedures and facilitate imports under the India-UAE CEPA. This amendment aligns import regulations with the Ministry of Finance's notification.

Suggested Action Items

  • Government Agencies: Ensure effective monitoring and enforcement of import regulations to prevent misuse of the TRQ.

Key Entities Referenced

Directorate General of Foreign Trade (DGFT): The issuing authority for this public notice, responsible for formulating and implementing foreign trade policy. India-UAE Comprehensive Economic Partnership Agreement (CEPA): A trade agreement between India and the United Arab Emirates aimed at enhancing economic cooperation and trade. Ministry of Finance (Department of Revenue): The government ministry responsible for fiscal policy, taxation, and customs duties. Notification No. 20/2023-Customs, dated 31st March 2023, is referenced as the basis for this amendment. Foreign Trade Policy, 2023: The overarching policy framework governing India's foreign trade. ITC(HS): Indian Trade Classification (Harmonized System) - a system for classifying goods for trade purposes.
Official Source Record View Original Source →
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-17042023-245201 xxxGIDHxxx CG-DL-E-17042023-245201 xxxGIDExxx असाधारण EXTRAORDINARY भाग I—खण्ड 1 PART I—Section 1 प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 97] नई दिल्ली, सोमवार, अप्रैल 17, 2023/चत्रै 27, 1945 No. 97] NEW DELHI, MONDAY, APRIL 17, 2023/CHAITRA 27, 1945 ubZ fnYyh] 17 vizSy] 2023 IV .—fons'k O;kikj uhfr] 2023 ds iSjk 1-03 vkSj 2-04 ds rgr iznÙk 'kfDRk;ks a dk iz;ksx djr s gq, vkSj lkoZtfud lwpuk la- 06@2015&20 fnukda 01-05-2022] 23@2015&20 fnukad 29-08-2022] 28@2015&20 fnukda 06-10-2022] 32@2015&20 fnukad 22-10-2022 vkSj 47@2015&20 fnukad 29-12-2022 ds Øe esa egkfuns”kd fons”k O;kikj ,rn}kjk Hkkjr&;w,bZ lhbZih, ds rgr iz”kqYd nj dksVs ds rgr enkas ds vk;kr gsrq izfØ;k fu/kkZfjr djr s gq, ifjf”k’V&2d ds vuqyXud&IV dks fuEukuqlkj la”kksf/kr djr s gSa% 2- ifjf”k’V&2d ds vuqyXud&IV ds rgr “krZ ¼N½ ¼i ls vi½ dk s fuEukuqlkj la”kksf/kr fd;k tk,xk%& N- 7108 ds rgr lksu s ds VhvkjD;w grs q fuEufyf[kr “krksZa ij vfrfjDr #i ls fopkj fd;k tk,xk( << gVk fn;k x;k gS i. Ikk= vkons d vkHkw’k.k fofuekZrk gksuk pkfg,A > > 2472 GI/2023 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC.1] ii. ik= vkosnd vkbZVhlh ¼,p,l½ ds v/;k; 71 es a vkbZVhlh ¼,p,l½ dksM 7108] 7113] 7114 vkSj 7118 ds rgr vkus okyh oLrqvk as dk O;olk; dju s okyk gksuk pkfg,A iii. ,ls s vkHkw’k.k fofuekZrk dk okf’kZd VuZ&vksoj fiNys 3 foÙkh; o’kkZsa es a vkSlru 25 djkMs + #i, gksuk pkfg,A iv. ,ls s vkHk’wk.k fofuekZrkvks a dk VuZ&vksoj ;k rks  ,p,l dksM 7113 ds rgr fofufeZr fd, x,@csps x, enks a ds 90% dks lekfo’V djrk gks vFkok  ,p,l dksM 7113 ds rgr fofufeZr fd, x,@csps x, enks a dh ,slh ek=k dks lekfo’V djrk gks tks ,p,l dksM 7113 ds rgr lacaf/kr vkHk’wk.k fofuekZrk ¼izfr o’kZ vuqer VhvkjD;w vkcaVu dh vf/kdre lhek rd½ }kjk de&ls&de VhvkjD;w ek=k cksyh ds cjkcj gksA v. ,ls s vkHkw’k.k fofuekZrk ds ikl th,lVh la[;k gksuh pkfg, vkSj mUgksus fiNys th,lVh fjVuZ Qkby dju s dh ykxw vof/k rd th,lVh fjVuZ Qkby fd;k gksA vi. Ikk= vkosnd ds okf’kZd VuZ&vkos j ;qDr foÙkh; fooj.k vkHkw’k.kdrkZ dh th,lVh ?kks’k.kk ds vk/kkj ij lunh ys[kkdkj }kjk fof/kor izekf.kr@ys[kkijhf{kr fd;k gqvk gksuk pkfg,A Hkkjr&;w,bZ lhbZih, ds VhvkjD;w ds rgr ,p,l dksM 7108 ds vra xZr lksus ds vk;kr grs q fofuekZrk vko”;drk ds laca/k esa “krZ ¼N½ dks foÙk ea=ky; ¼jkTkLo foHkkx½ dh vf/klwpuk la- 20@2023&lhek “kqYd fnukad 31 ekpZ] 2023 ds ledkyhu cukrs gq, gVk fn;k x;k gSA lark’sk dqekj lkjaxh] egkfuns'kd] fon's k O;kikj ,oa insu vij lfpo MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) PUBLIC NOTICE New Delhi, the 17th April 2023 No. 06/2023 Subject: Amendments in Annexure-IV under Appendix-2A (Imports of Items under TRQ under India- UAE CEPA). F. No. 01/89/180/01/AM-22/PC-2[B]/E- 31419.—In exercise of powers conferred under paragraph 1.03 and 2.04 of the Foreign Trade Policy, 2023 and in continuation to Public Notice No. 06/2015-20 dated 01.05.2022, 23/2015-20 dated 29.08.2022, 28/2015-20 dated 06.10.2022, 32/2015-20 dated 22.10.2022 and 47/2015-20 dated 29.12.2022, the Directorate General of Foreign Trade hereby amends Annexure-IV of Appendix-2A laying down the procedure for import of items under TRQ under India – UAE CEPA, as under: 2. Condition (g)(I to vi) under Annexure-IV of Appendix-2A, shall be amended as under: Sl. Earlier Provision Amended No. Provision g. For Gold TRQ under 7108, the following conditions shall be considered additionally: i. Eligible Applicant must be a jewellery manufacturer. ii. Eligible Applicant must be engaged in the business of goods falling under ITC(HS) codes 7108, 7113, 7114 and 7118 in Chapter 71 of ITC(HS). <<Deleted>> iii. Such Jewellery manufacturer should have an average annual turnover of Rs. 25 crores over the last 3 financial years. iv. The turnover of such Jewellery manufacturer should either:  comprise of 90% of items manufactured/sold under HS code 7113, or[भाग I—खण् ड 1] भारत का रािपत्र : असाधारण 3  comprise of a quantity of items manufactured/sold under HS code 7113 which is at least equal to the TRQ quantity bid by the respective jewellery manufacturer (capped to the maximum TRQ allocation permissible per annum) under HS code 7113. v. Such Jewellery manufacturer should have a GST number and should have filed GST returns up to the applicable preceding GST return filing period. vi. Financial statements containing annual turnovers of the eligible applicant should be duly certified/audited by a Chartered Accountant, on the basis of the jewellers GST declarations. Effect of this Public Notice: Condition (g) regarding manufacturer requirement for import of Gold under HS code 7108 under the TRQ of India UAE CEPA has been waived off in sync with Ministry of Finance (Department of Revenue) Notification, No. 20/2023-Customs, dated 31st March 2023. SANTOSH KUMAR SARANGI, Director General of Foreign Trade & Ex- officio Addl. Secy. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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