Home India Ministry of Commerce and Industry In exercise of powers conferred under paragraph 1 03 of the ...
Date: 2018-11-30 Category: Extra Ordinary State: Union Government Country: India

In exercise of powers conferred under paragraph 1 03 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 public notice, issued by the Directorate General of Foreign Trade on November 30, 2018, introduces amendments to Appendix 2K of the Foreign Trade Policy (FTP) 2015-2020. It specifies the fee structure for issuing Preferential Certificates of Origin and for post-verification of self-certified Certificates of Origin under the EU-GSP scheme. The notice outlines fees for both single and multiple unit verifications. Key Points / Main Content: Fees for Preferential Certificate of Origin and EU-GSP Verification: * Issue of Preferential Certificate of Origin: ₹600. * Post-verification of self-certified Certificate of Origin under EU-GSP: * Single unit: ₹7,500. * Multiple units: ₹12,000. Other FTAs Verification Fees: * Agencies may charge TA and DA separately from the unit as per government rates for verification fees under other FTAs. Impact Analysis: Exporters: * Impact: Exporters will incur new fees for obtaining Preferential Certificates of Origin and for post-verification of self-certified Certificates of Origin under the EU-GSP scheme. * Action Required: Exporters need to factor in these fees when applying for certificates and undergoing verification processes. Verification Agencies: * Impact: Verification agencies are authorized to collect specified fees for verification services. * Action Required: Agencies should adhere to the stipulated fee structure and can additionally charge TA/DA as per government norms.

Key Entities Referenced

Foreign Trade Policy, 2015-2020: A trade policy implemented by the Directorate General of Foreign Trade. Directorate General of Foreign Trade: The organization responsible for foreign trade policy and its implementation. Preferential Certificate of Origin: A document certifying that goods qualify for preferential tariff treatment under trade agreements. EUGSP Scheme: The European Union's scheme of Generalized System of Preferences, providing preferential access to the EU market for developing countries. Appendix 2K: A section of the Appendices and Aayat Niryat Forms of FTP, 2015-20 regarding amendments. Alok Vardhan Chaturvedi: Director General of Foreign Trade and ex-Officio Additional Secretary. Ministry of Commerce and Industry: The Indian government ministry responsible for international trade and industrial development. New Delhi, Delhi: Location of the Directorate General of Foreign Trade and place of publication.
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