Executive Summary:
This public notice issued by the Directorate General of Foreign Trade, corrects errors in Public Notice No. 52 dated 25.02.2014. The corrections pertain to the rates of benefit for specific items listed in Appendix 37D, Table 1, and a spelling error in a product description within the same appendix. These changes are effective as of September 19, 2014.
Key Points / Main Content:
Correction of Benefit Rates:
* Revised benefit rates for items listed in Appendix 37D, Table 1, as originally outlined in Public Notice No. 52.
* Specific items with corrected rates include:
* Glass Envelops for Cathode-Ray Tubes (ITC HS code 701120)
* Safety Matches (ITC HS code 36050010)
* Dried Egg Albumin (ITC HS code 35021100)
* Microphones and Stands Therefor; Loudspeakers (ITC HS code 8518)
Correction of Spelling Error:
* A spelling error in the description of product code 29420016 in Appendix 37D, Table 1 has been corrected.
* The description "D PARA HYDROXYL DANE SALT" is revised to "D PARA HYDROXY SALT DANES SALT."
Impact Analysis:
Exporters and Importers:
* Impact: Benefit rates for certain exported goods have been corrected, potentially affecting revenue. The correction of a spelling error ensures correct product classification.
* Action Required: Review revised benefit rates for applicable products and ensure accurate product descriptions in trade documentation.
Customs Officials:
* Impact: Required to implement the corrected benefit rates and acknowledge the corrected product description for relevant items.
* Action Required: Update systems with the revised benefit rates and product descriptions to ensure accurate assessment and clearance of goods.
Key Entities Referenced
Directorate General of Foreign Trade: The agency responsible for implementing the Foreign Trade Policy.
Public Notice No. 52 dated 25.02.2014: A notification that is being amended by this current public notice.
Appendix 37D, Table 1: A table within the Handbook of Procedures (HBP) that lists rates of benefit for certain products.
Pravir Kumar: Director General of Foreign Trade
Ministry of Commerce and Industry: The ministry overseeing foreign trade.
New Delhi: Location of publication of the notification and office of Directorate General of Foreign Trade.
Handbook of Procedures v1: A document containing the procedures related to the Foreign Trade Policy.
Foreign Trade Policy 2009-2014: A policy governing import and export activities.