Home India Ministry of Commerce and Industry In exercise of powers conferred under paragraph 2 04 of the ...
Date: 2018-12-12 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 on December 12, 2018, amends Para 2.63a of the Handbook of Procedure 2015-2020. The amendment concerns the import/export of exhibits for international exhibitions or displays. It outlines revised provisions for allowing such activities without authorization under specific conditions. Key Points / Main Content: Amendment Details: * Para 2.63a of the Handbook of Procedure 2015-2020 is amended. * The amendment pertains to the import/export of exhibits for national and international exhibitions, fairs, shows, or displays. Revised Provision: * Import/export of exhibits, including construction and decorative materials is allowed without authorization. * This applies to temporary stands of foreign/Indian exhibitors at exhibitions, fairs, shows, or displays for a period of six months on a re-export/re-import basis. * Excludes items in the 'Prohibited' or SCOMET List. * A bond/security to Customs or ATA Carnet submission is required. Impact Analysis: Exhibitors (Foreign/Indian): Impact: Exhibitors at international fairs or exhibitions can import/export exhibits and related materials more easily for temporary displays. Action Required: Ensure compliance with customs regulations and submission of required bond/security or ATA Carnet. Customs Authorities: Impact: Responsible for processing imports/exports of exhibits under the revised provisions. Action Required: Implement the amended procedure for exhibits and ensure compliance through security bonds or ATA Carnets. Directorate General of Foreign Trade: Impact: Responsible for the enforcement and monitoring of the amended policy. Action Required: Ensure the amended policy is effectively communicated and implemented.

Key Entities Referenced

Directorate General of Foreign Trade: The issuing authority of the public notice, responsible for foreign trade regulation. New Delhi, Delhi: Location of the Directorate General of Foreign Trade and place of publication of the notice. Foreign Trade Policy, 2015-2020: The overarching policy framework under which the public notice is issued and which provides the power to the DGFT. Handbook of Procedure, 2015-2020: A manual that provides detailed procedures related to the Foreign Trade Policy, which is being amended by this notice. Para 2.63: The specific section of the Handbook of Procedure 2015-2020 that is being amended by this public notice, concerning the import/export of exhibits. Customs: Government Department responsible for border control and collection of duties on import and export. ATA Carnet: An international customs document that permits duty-free and tax-free temporary import of goods. Alok Vardhan Chaturvedi: Director General of Foreign Trade, the signatory of the public notice.
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