{"id":956,"date":"2015-05-02T00:00:00","date_gmt":"2015-05-01T18:30:00","guid":{"rendered":""},"modified":"2015-12-30T14:44:16","modified_gmt":"2015-12-30T09:14:16","slug":"the-cif-value-per-consignment-of-border-trade-between-india-and-china-is-increased-from-rs-1-lakh-to-rs-2-lakh","status":"publish","type":"post","link":"https:\/\/taxclick.org\/type\/exim\/the-cif-value-per-consignment-of-border-trade-between-india-and-china-is-increased-from-rs-1-lakh-to-rs-2-lakh\/","title":{"rendered":"The CIF value per consignment of Border trade between India and China is increased from Rs.1 lakh to Rs.2 lakh"},"content":{"rendered":"

<\/a>TO BE PUBLISHED
\nIN THE GAZETTE OF INDIA EXTRAORDINARY<\/span> <\/p>\n

(PART \u2013 I SECTION \u2013 I) <\/p>\n

GOVERNMENT OF INDIA <\/p>\n

MINISTRY OF COMMERCE & INDUSTRY <\/p>\n

DEPARTMENT OF COMMERCE <\/p>\n

PUBLIC NOTICE NO.7 \/2015-2020<\/strong> <\/p>\n

NEW DELHI, DATED THE 1<\/strong>st<\/sup><\/strong> May, 2015<\/strong><\/p>\n

 <\/p>\n

In exercise
\nof powers conferred under Paragraph 2.04 of the Foreign Trade Policy 2015-2020,
\nthe Director General of Foreign Trade hereby makes amendment in para 2.07<\/p>\n

 <\/p>\n

(a) (iv) of Handbook of Procedures
\n(2015-2020) which lists categories of importers or exporters exempted from
\nobtaining Importer-Exporter Code(IEC).<\/p>\n

 <\/p>\n

2. The
\nexisting para 2.07(a) (iv) reads as under:<\/p>\n

 <\/p>\n

\u201cPersons importing\/exporting goods from\/to Nepal, Myanmar
\nthrough Indo-Myanmar border areas and China (through Gunji, Namgaya Shipkila
\nand Nathula ports), provided CIF value of a single consignment does not exceed
\nIndian Rs.25, 000. In case of Nathula port, the applicable value ceiling will
\nbe Rs.1, 00,000\/-.\u201d<\/p>\n

 <\/p>\n

3. The
\nrevised para 2.07 (a) (iv) would read as under:<\/p>\n

 <\/p>\n

\u201cPersons importing\/exporting goods from\/to Nepal; Myanmar
\n(through Indo-Myanmar border areas); and China (through Gunji, Namgaya Shipkila
\nand Nathula ports), provided that the CIF value of single consignment of
\nimport\/export of goods from\/to Nepal; and Myanmar (through Indo-Myanmar border
\nareas) does not exceed Indian Rs. 25,000\/-; and in the case of China, (a) for
\nimport\/export of goods through Gunji and Namgaya Shipkila, CIF value of single
\nconsignment does not exceed Indian Rs.1,00,000\/-;and (b) for import\/export of
\ngoods through Nathula, CIF value of single consignment does not exceed
\nRs.2,00,000\/-.\u201d<\/p>\n

 <\/p>\n

4. Effect
\nof this Public Notice:<\/p>\n

 <\/p>\n

For border trade between India and China, the CIF value
\nper consignment is being increased from Rs.1,00,000\/- to Rs.2,00,000\/- in case
\nof Nathula, while for Gunji and Namgaya Shipkila, the existing CIF value limit
\nof Rs.25,000\/- is being enhanced to Rs.1,00,000\/-.<\/p>\n

 <\/p>\n

 <\/p>\n

 <\/p>\n

 <\/p>\n

(Pravir Kumar) <\/p>\n

Director General of Foreign Trade <\/p>\n

(Issued from File No.01\/89\/180\/Misc.57\/AM-06\/PC-2 (B)<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

(PART \u2013 I SECTION \u2013 I)  MINISTRY OF COMMERCE & INDUSTRY  PUBLIC NOTICE NO.7 \/2015-2020  NEW DELHI, DATED THE 1st May, 2015 In exercise of powers conferred under Paragraph 2.04 of the Foreign Trade Policy 2015-2020, the Director General of Foreign Trade hereby makes amendment in para 2.07 (a) (iv) of Handbook of Procedures (2015-2020) … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[12],"tags":[226],"yoast_head":"\nThe CIF value per consignment of Border trade between India and China is increased from Rs.1 lakh to Rs.2 lakh - All About Finance<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/taxclick.org\/type\/exim\/the-cif-value-per-consignment-of-border-trade-between-india-and-china-is-increased-from-rs-1-lakh-to-rs-2-lakh\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The CIF value per consignment of Border trade between India and China is increased from Rs.1 lakh to Rs.2 lakh - All About Finance\" \/>\n<meta property=\"og:description\" content=\"(PART \u2013 I SECTION \u2013 I)  MINISTRY OF COMMERCE & INDUSTRY  PUBLIC NOTICE NO.7 \/2015-2020  NEW DELHI, DATED THE 1st May, 2015 In exercise of powers conferred under Paragraph 2.04 of the Foreign Trade Policy 2015-2020, the Director General of Foreign Trade hereby makes amendment in para 2.07 (a) (iv) of Handbook of Procedures (2015-2020) ... 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