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                                Approved Trade Bodies | Inspection & Certi Agencies

BACK
IEC Trade Return Compulsory
  • IEC Trade Return by 30 June every year
  • Nil imports and exports in previous year make IEC inoperative
  • RCMC compulsory in all cases. Exemption to wool sector withdrawn
  • Exporters in Orissa can register with FIEO Bhubaneshwar office and not with the respective Export Promotion Council
  • Duty Free imports restricted to approved hotels
  • LUT conditions only for manufacturer exporter registered with Excise with export greater than Rs. 1 crore
  • Adhoc Norms
  • Bank Guarantee redemption
  • CVD and SAD save, included in EPCH application form amended
  • Plexcouncil address changed new WOOLTEXPRO formed
  • Application fee for electronic applications down 50% of normal fee

08-PN
14.05.2003
(DGFT)

In exercise of powers conferred under paragraph 2.4 of the Export and Import Policy, 2002-07, the Director General of Foreign Trade hereby makes the following amendment in the Handbook of Procedures (Vol. 1):
  1. The following shall be added at the end of paragraph 2.9.5:
    Each IEC holder (barring those who have obtained IEC in the preceding licensing year i.e. 1.4.2002 to 31.3.2003) shall be required to furnish yearly details of imports/exports made by him in the preceding licensing year by 30th June. The information shall be furnished online by the IEC holder by accessing the website at www.nic.in/eximpol. Failure to submit the details by the stipulated period shall result in de-activation of such IEC for import/export purposes from 1st July.

    In cases where the IEC holder has not made any import/export in the preceding licensing year, such IEC shall be made inoperative form 1st of July.

    The inoperative IEC may be reactivated upon furnishing a fee of Rs. 500/- to the regional licensing authority.

  2. Paragraph 2.31 is amended as under:
    "Wherever an import license/certificate/permission, including Customs Clearance Permission (CCP), is required under the Policy, the procedure contained in this chapter would be applicable."


  3. Sub paragraph (i) of paragraph 2.34 pertaining to "import of ammunition by licensed arms dealers" is amended as under:-
    (i) Shotgun Cartridges 28 bore;

  4. Paragraph 2.53 shall be corrected to read as under:-
    "For export of gifts and replacement goods in excess of the ceiling/period prescribed in paragraphs 2.32, 2.33 and 2.37 respectively of the Policy, an application may be made to the Director General of Foreign Trade."

  5. Paragraph 3.12.1 is amended as under:
    In addition, an exporter has the option to obtain an RCMC from FIEO or any other EPC, if the products exported by him relate to those EPC’s. If the export product is such that it is not covered by any EPC, RCMC in respect thereof may be issued by FIEO.