**Summary:**
This Public Notice No. 06/2023, dated April 17, 2023, issued by the Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industry, Government of India, announces amendments to Annexure IV of Appendix 2A of the Foreign Trade Policy, 2023. These amendments pertain to the procedure for importing items under the Tariff Rate Quota (TRQ) under the India-UAE Comprehensive Economic Partnership Agreement (CEPA). Specifically, condition g (i to vi) under Annexure IV of Appendix 2A is amended.
The key change is the removal of the requirement for eligible applicants importing gold under HS code 7108 to be jewellery manufacturers. The previous conditions, which mandated that applicants be jewellery manufacturers with a specific turnover and engagement in businesses under ITCHS codes 7108, 7113, 7114, and 7118, along with GST and financial statement requirements, have been deleted.
This amendment aligns with the Ministry of Finance, Department of Revenue Notification No. 20/2023-Customs, dated March 31, 2023.
The issuing authority is Santosh Kumar Sarangi, Director General of Foreign Trade and Ex-officio Additional Secretary to the Government of India. Inquiries can be directed to dgft@nic.in. The relevant file number is 01/89/180/01/AM22/PC2[B]E-31419. This notice is issued in continuation of previous Public Notices 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.
Key Entities Referenced
New Delhi: The location of Vanijya Bhawan, where the Ministry of Commerce and Industry is located.
Foreign Trade Policy, 2023: The governing policy under which the public notice is issued.
Directorate General of Foreign Trade: The issuing authority for the public notice.
AnnexureIV of Appendix2A: The specific section of the trade policy being amended.
India UAE CEPA: India-United Arab Emirates Comprehensive Economic Partnership Agreement, related to the import of items under TRQ (Tariff Rate Quota).
Gold TRQ under 7108: Specific item (Gold) and HS code (7108) under the Tariff Rate Quota being addressed in the notice.
Ministry of Finance Department of Revenue: The government entity whose notification led to the waiver of manufacturer requirement for gold imports.
Santosh Kumar Sarangi: Director General of Foreign Trade and Ex officio Additional Secretary to the Government of India.
Sli
Government of India
Ministry of Commerce & Industry
Department of Commerce
Vanijya Bhawan, New Delhi
Public Notice No. 06 /2023
Dated: 17" April 2023
Subject: Amendments in Annexure-IV under Appendix-2A (Imports of Items under TRQ
under India- UAE CEPA)
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:
S. Earlier Provision Amended
No. Provision
ig. |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).
iii. Such Jewellery manufacturer should have an average annual turnover of
Rs. 25 crores over the last 3 financial years.
<<Deleted>>
iv. The turnover of such Jewellery manufacturer should cither:
* comprise of 90% of items manufactured/sold under HS code 7113, or
* 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.
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
syne with Ministry of Finance (Department of Revenue) Notification, No. 20/2023-Customs,
dated 31 March 2023.
PCoantt,
(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]