Home India Ministry of Commerce and Industry In exercise of powers conferred under paragraph 2 04 of the ...
Date: 2019-06-28 Category: Extra Ordinary State: Union Government Country: India

In exercise of powers conferred under paragraph 2 04 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 announces the extension of the validity of recognition for Preshipment Inspection Agencies (PSIAs) listed in Appendix 2G of the Foreign Trade Policy 2015-20. The extension applies to agencies that have completed their three-year tenure and whose validity was previously extended until June 30, 2019. The new expiry date for these PSIAs is September 30, 2019. Key Points / Main Content: * **Extension of Validity:** * The validity of recognition for PSIAs is extended. * The extension applies to those PSIAs included in Appendix 2G of AANF of Foreign Trade Policy 2015-20. * Agencies must have completed a three-year tenure. * The original validity was set to expire on June 30, 2019. * The new validity is extended up to September 30, 2019. Impact Analysis: * **Preshipment Inspection Agencies (PSIAs):** * Impact: PSIAs can continue operations with extended recognition. * Action Required: PSIAs should note the new expiry date of September 30, 2019, and ensure compliance with all relevant regulations during the extended period. * **Directorate General of Foreign Trade:** * Impact: Responsible for implementing and monitoring the extended validity period. * Action Required: Ensure that relevant systems and documentation reflect the extended validity period for PSIAs. * **Exporters/Importers:** * Impact: Can continue to utilize recognized PSIAs for preshipment inspections. * Action Required: Verify the validity of PSIAs until September 30, 2019, as listed in Appendix 2G of AANF.

Key Entities Referenced

Foreign Trade Policy 2015-20: A trade policy that is referenced throughout the document. Directorate General of Foreign Trade: The governing body that issued the public notice. Handbook of Procedure, 2015-20: A document that contains procedures related to the Foreign Trade Policy 2015-20. Preshipment Inspection Agencies (PSIAs): Agencies whose recognition validity is being extended by the public notice. Appendix 2G of Appendices and Aayat Niryat Forms (AANF): A list of recognised Preshipment Inspection Agencies (PSIAs). Alok Vardhan Chaturvedi: Director General of Foreign Trade and Ex-officio Additional Secretary. New Delhi, Delhi: Location where the public notice was issued. Ministry of Commerce and Industry: The ministry to which the Directorate General of Foreign Trade belongs.
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