Home India Ministry of Commerce and Industry In exercise of powers conferred under paragraph 103 read wit...
Date: 2020-09-29 Category: Extra Ordinary State: Union Government Country: India

In exercise of powers conferred under paragraph 103 read with paragraph 204 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 extends the validity of recognition for Pre-Shipment Inspection Agencies (PSIAs) listed in Appendix 2G of the Foreign Trade Policy 2015-20. The extension applies to PSIAs completing their original or extended tenure as of September 30, 2020. The new deadline for validity is December 31, 2020, or until a new list of PSIAs is notified, whichever comes first. Key Points / Main Content: * **Extension of PSIA Recognition:** * The validity of recognition for PSIAs included in Appendix 2G of the Foreign Trade Policy 2015-20 is extended. * This extension applies to PSIAs completing their original three-year tenure or extended tenure as of September 30, 2020. * **New Validity Deadline:** * The extended validity is effective until December 31, 2020, or until a new list of PSIAs is notified, whichever is earlier. Impact Analysis: **Pre-Shipment Inspection Agencies (PSIAs):** * Impact: PSIAs whose recognition was expiring on September 30, 2020, can continue operations under the extended validity period. * Action Required: PSIAs should be aware of the December 31, 2020, deadline and monitor for the release of a new PSIA list. **Stakeholders Utilizing PSIAs (Exporters/Importers):** * Impact: Continued access to recognized PSIAs for pre-shipment inspection requirements. * Action Required: Ensure that the PSIAs used for inspections have valid recognition within the extended timeframe.

Key Entities Referenced

Foreign Trade Policy 2015-2020: A trade policy governing import and export activities, referenced in the context of extending the validity of Pre-Shipment Inspection Agencies (PSIAs). PreShipment Inspection Agencies (PSIAs): Agencies involved in inspecting goods before they are shipped, and whose recognition validity is being extended by this notice. Directorate General of Foreign Trade: The organization responsible for foreign trade policy and its implementation. The Director General is issuing this public notice. Amit Yadav: Director General of Foreign Trade, who is responsible for issuing the public notice. New Delhi: Location where the public notice was issued, New Delhi, Delhi. Ministry of Commerce and Industry: The government ministry responsible for trade and industry, under which the Directorate General of Foreign Trade operates. 31.12.2020: The extended validity date for the recognition of PreShipment Inspection Agencies (PSIAs). Appendix 2G of AANF: A specific appendix within the Aayat Niryat Forms (AANF) of the Foreign Trade Policy 2015-2020, which lists the PreShipment Inspection Agencies (PSIAs).
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