Home India Ministry of Commerce and Industry In exercise of powers conferred by Section 5 of FT D And R A...
Date: 2018-06-20 Category: Extra Ordinary State: Union Government Country: India

In exercise of powers conferred by Section 5 of FT D And R Act, 1992, read with paragraph 1 02 of the Foreign Trade Policy

Issued by Ministry of Commerce and Industry · Department of Commerce

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Executive Summary & Key Takeaways

Executive Summary: This notification, issued by the Directorate General of Foreign Trade on June 20, 2018, announces amendments to the Foreign Trade Policy 2015-2020. The amendments concern Paragraph 4.29 vi and vii, specifically related to Duty Free Import Authorisation (DFIA) applications. These changes aim to streamline the application process for exporters, particularly concerning EDI and non-EDI ports. Key Points / Main Content: DFIA Issuance: * Separate DFIA must be issued for each Standard Input Output Norms (SION). Export Procedures: * Exports under DFIA can be made from any port listed in Para 4.37 of the Handbook of Procedures. * Separate applications are required for EDI and non-EDI ports. * If exporting from a non-EDI port, a separate application must be made for each non-EDI port. Impact Analysis: Exporters: * Impact: Exporters are now required to file separate DFIA applications for each SION. The application process is streamlined for EDI ports, allowing a single DFIA application, but requires separate applications for each non-EDI port. * Action Required: Exporters need to adjust their DFIA application procedures based on whether they are exporting from EDI or non-EDI ports, ensuring separate applications for each non-EDI port and SION.

Key Entities Referenced

Foreign Trade Policy 2015-2020: A trade policy document amended by this notification. Directorate General of Foreign Trade: The issuing authority for this notification, under the Ministry of Commerce and Industry. New Delhi: The location of the Directorate General of Foreign Trade notification. Foreign Trade Development and Regulation Act: The legal basis for the powers exercised in this notification (Section 5). DFIA: Duty Free Import Authorisation. A scheme related to import and export. Alok Vardhan Chaturvedi: Director General of Foreign Trade. Ministry of Commerce and Industry: The government ministry overseeing foreign trade policy. EDI ports: Ports using Electronic Data Interchange systems, relevant to application procedures.
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