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Export of Shark fins of all species of Shark has been prohibited

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(To be published in the Gazette of India Extraordinary Part-II, Section – 3, Sub-Section (ii))   Notification No 110 (RE – 2013)/2009-2014 New Delhi, Dated: 6 February, 2015   Fish and Crustaceans, Molluscs and other Aquatic Invertebrates Tariff Item HS Code Item Description Nature of Restriction 03057100 Shark fins  of  all species of shark Not permitted … Read more

European Commission Lifts Ban on Import of Mangoes from India

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The European Commission having paid due cognizance to the audit findings in its meeting in Brussels on 20.01.2015 decided to lift the ban on import of mangoes from India. This news has been widely welcomed by farmers and exporters in the country as well as mango lovers in Europe, particularly in U.K.  Specifying the efforts … Read more

Export Obligation Period from the date of clearance of import of Natural Rubber is 6 months

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(To be published in the Gazette of India Extraordinary Part-I, Section-I)   Public Notice No. 81 (RE-2013)/2009-2014 New Delhi, Dated the  09th  January, 2015 Sub: Amendment in Appendix – 30 A relating to Export Obligation Period under Advance Authorization/DFIA Schemes. 2009-14, the Director General of Foreign Trade hereby makes the following amendments in the Appendix … Read more

Measures taken by the Government to promote exports by small and medium Pharmaceutical manufacturers

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For technology up-gradation to Micro and Small Enterprises in the pharma sector, Ministry of Micro, Small & Medium Enterprises (MSME) is running Credit Linked Capital Subsidy Scheme (CLCSS) under which Micro and Small Enterprises are entitled to take loan upto Rs. 1.00 crore with 15% subsidy.  Drugs for sale or for export are manufactured under … Read more

The gap, between value of import and export, that is Trade deficit, has also increased during 1990-91 to 2013-14

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Foreign Trade  The foreign trade (export+import) has increased from 42 billion US $, in 1990-91 to 765 billion US$ in the year 2013-14 with an annual average growth rate of 13.42% and has increased 18 folds during the period.  The gap, between value of import and export, which is Trade deficit, has also increased during … Read more

The registration requirement for export of cotton yarn (Tariff Codes 5205, 5206 & 5207) has been dispensed

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To be published in the Gazette of India Extraordinary Part II Section 3, Sub Section (ii)   Notification No. 103(RE-2013)/2009-14 New Delhi, Dated 8 December, 2014     2. The existing entries stipulated against Sl. No. 200, 201 & 202 in Chapter 52 of Schedule 2 of ITC(HS) Classification of Export & Import Items are … Read more

The registration requirement for export of cotton (Tariff Codes 5201 & 5203) has been dispensed

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To be published in the Gazette of India Extraordinary Part II Section 3, Sub Section (ii)   Notification No. 102 (RE-2013)/2009-14 New Delhi, Dated 8 December, 2014     2. The existing entries stipulated against Sl. No. 197 & 199 in Chapter 52 of Schedule 2 of ITC(HS) Classification of Export & Import Items are … Read more

It is mandatory to apply online in new form ANF 2A for Import Export Code (IEC) to DGFT from 01st January 2015

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To be published in the Gazette of India Extraordinary (Part-I, Section-1) Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhawan, New Delhi -110 011 Public Notice No. 76(RE-2013)/2009-2014 New Delhi, Dated the 27th of November, 2014 Subject: Amendment in ANF 2A of Handbook of Procedure Vol. … Read more

Rate of exchange of conversion of each of the foreign currency relating to imported and export goods with effect from 21st November, 2014 – Notification

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[TO BE PUBLISHED IN THE GAZETTE OF INDIA, PART-II, SECTION 3, SUB-SECTION (ii), EXTRAORDINARY]   GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF EXCISE AND CUSTOMS   Notification No.111/2014 – Customs (N.T.)   DATED THE 20th November, 2014 29 Kartika, 1936(SAKA)   S.O.       (E). – In exercise of the powers conferred by section 14 … Read more

It is mandatory to notify the details of Import of chemicals listed at Category 1A, 1B & 1C of Appendix 3 (SCOMET list) to Schedule 2 of ITC (HS) – DGFT Notification

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The Director General of Foreign Trade (DGFT) has issued the notification import of chemicals listed at Category 1A, 1B & 1C of Appendix 3 (SCOMET list) to Schedule 2 of ITC (HS). The notification makes it mandatory for the importers of chemicals listed at Category 1A, 1B & 1C of Appendix 3 (SCOMET list) to … Read more