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Date: 2014-02-28 Category: Extra Ordinary State: Union Government Country: India

Corrigendum in Public Notice number 53 dated 27.02.2014 and amendment in Public Notice number 52 dated 25.02.2014.

Issued by Ministry of Commerce and Industry · Department of Commerce

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Executive Summary & Key Takeaways

Executive Summary: This public notice issued by the Directorate General of Foreign Trade announces a correction to Public Notice 53 dated February 27, 2014, and an amendment to Public Notice 52 dated February 25, 2014, in accordance with the Foreign Trade Policy 2009-2014. The corrections involve modifications to specific serial numbers and descriptions within the tables of the aforementioned notices. The amendment to Public Notice 52 is effective from March 1, 2014. Key Points / Main Content: Corrections to Public Notice 53 (dated February 27, 2014): * In paragraph 3, the table containing serial numbers 1066, 1067, 1068, and 1069 is revised. * Serial number 1068 and its corresponding description are deleted. * Serial number 1069 is renumbered as 1068. * The corrected table at paragraph 3 of Public Notice number 53 includes the following items: * S. No. 1066: YARN OTHER THAN SEWING THREAD OF MANMADE STAPLE FIBRES, PUT UP FOR RETAIL SALE (ITC HS Code 5511) with a RATE PERCENTAGE BENEFITS of 5. * S. No. 1067: GLASS FIBRE MATS (ITC HS Code 70193100) with a RATE PERCENTAGE BENEFITS of 2. * S. No. 1068: HAND WORKED SEASHELLS WITHIN THE GENERAL DESCRIPTION CHANKS (ITC HS Code 05080020) with a RATE PERCENTAGE BENEFITS of 3. Amendment to Public Notice 52 (dated February 25, 2014): * In Table 1 of Appendix 37D, the entry at serial number 687 is amended, effective March 1, 2014. * S. No. 687: OTHER: TWINE CORDAGE, ROPES AND CABLES OF POLYETHYLENE OR POLYPROPYLENE (ITC HS Code 56074900) with a RATE PERCENTAGE BENEFITS of 2. Impact Analysis: Exporters and Importers: Impact: Exporters and importers dealing with the products listed in the public notice will be affected due to changes in descriptions. Action Required: Review the updated descriptions and serial numbers to ensure compliance with the amended Foreign Trade Policy and to accurately classify their goods. Customs Authorities: Impact: Customs authorities need to implement the changes. Action Required: Update their systems and procedures to reflect the corrections and amendment for proper assessment and clearance of goods.

Key Entities Referenced

Foreign Trade Policy 2009-2014: A trade policy document under which powers are conferred to the Director General of Foreign Trade. Directorate General of Foreign Trade: An organization under the Ministry of Commerce and Industry responsible for foreign trade regulation and promotion. Ministry of Commerce and Industry: The Indian government ministry responsible for international trade and commerce. New Delhi, Delhi: The location where the public notice was issued. Public Notice number 53: A public notice which is being corrected via this notification, dated 27.02.2014. Public Notice number 52: A public notice which is being amended via this notification, dated 25.02.2014. Appendix 37D: An appendix which is mentioned in the public notice number 52 and being amended Anup K. Pujari: Director General of Foreign Trade.
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