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21-30 April 2013exim
21-30 April 2013exim
2013
SR.NO NO. & DATE SUBJECT DGFT 1 NTFN NO. 01 DTD. 18.04.2013 Central Government hereby notifies the Chapter 5 of the Foreign Trade Policy, 2009-2014. This is regarding harmonization of 3% EPCG with Zero % EPCG. Very important notification. Please go through the same carefully. Kindly refer the study material for workshop on FTP (CD format) Anti-dumping duty and safeguard duty would be leviable on goods imported against transferred DFIAs. Advance Authorisations will no more be available for import/supply of energy. Value Addition in respect of SEZ (in respect of para 4A.16A of FTP) would be as per SEZ Act. Very important notification to incentivize incremental exports for the year 2013-14 and other amendments being notified. Very important Notification. Where ever abinitio exemption is available, benefit of TED will not be given. Import policy of cars manufactured prior to st 1 January, 1950 is being revised from restricted to free , for actual users with immediate effect. Self Explanatory Very important notification. Capital goodscaptive plants and power generating sets of any kind, even as pre-production facility, would not be allowed under EPCG scheme. If any applications are pending where authorisations are not granted before 18.04.2013, such applications would now be rejected. Self Explanatory. Please refer the study material from CD (Para by para analysis of Foreign Trade Policy) for detailed comments. Important corresponding notification on procedure of newly harmonized EPCG scheme (0%). Self Explanatory. Please refer the study material from CD (Para by para analysis of Foreign Trade Policy) for detailed comments. Self Explanatory REMARKS
Amendments in Chapter 3 of Foreign Trade Policy 2009-14. Amendments in Paragraph 8.3 (c) and Paragraph 8.4 of the FTP pertaining to deemed exports scheme. Import policy of cars manufactured prior to 1st January, 1950. Addition of two new ports for import of new vehicles. Amendment in Para 5.1 of the Foreign Trade Policy 2009-14.
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NTFN NO. 08 DTD. 18.04.2013 8 PUBLIC NOTICE NO.01 DTD. 18.04.2013 PUBLIC NOTICE NO.02 DTD. 18.04.2013 PUBLIC NOTICE NO.03 DTD. 18.04.2013
The existing grievance redressal mechanism stands revised. Amendment in Chapter 5 pertaining to Export Promotion Capital Goods (EPCG) Scheme of the Hand Book of Procedure (Vol I) Amendments in Chapter 4 of the Handbook of Procedures (Vol. I). Amendments in the Reward/Incentive Schemes of Chapter 3 of Foreign Trade Policy
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PUBLIC NOTICE NO.04 DTD. 18.04.2013 PUBLIC NOTICE NO.05 DTD. 18.04.2013 PUBLIC NOTICE NO.06 DTD. 18.04.2013
Self Explanatory
Self Explanatory
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TRADE NOTICE NO. 01 DTD. 18.04.2013 CUS NTFN NO. 21 DTD. 18.04.2013 CUS NTFN NO. 22 DTD. 18.04.2013
Increasing accuracy of data capturing by DGCI&S- Alignment of Chapter 3 schemes with ITC HS. CUSTOMS Seeks to amend notification No. 12/2012-Customs, dated 17-032012. Annual Supplement 2013 to Foreign Trade Policy (2009-14). Regarding Exemption under the Export Promotion Capital Goods (EPCG). Annual Supplement 2013 to Foreign Trade Policy (2009-14). Regarding Exemption under Post Export EPCG Duty Credit Scrip. Annual Supplement 2013 to Foreign Trade Policy (2009-14). Amends Notifications No. 91/2009-Cus,94/2009-Cus, 98/2009-Cus and 104/2009-Cus Appointment of Common Adjudicating Authority. Appointment of Common Adjudicating Authority. Appointment of Common Adjudicating Authority.
Time has been granted upto 30.09.2013 for utilization of 4% re-credited SAD without any formal endorsement from JT. DGFT. This will help utilization of pending cases for want of revalidation. In case, any old DEPBs are recredited, but not valid, such DEPBs can now be utilized. If there are cases pending with Customs for issue of credit notes, then last date for getting such credit note is 30.06.2013. Very important Trade Notice. Please go through it carefully and check the HS codes of your products. Self Explanatory. Notification issued in line with announcement of Annual Supplement to Foreign Trade Policy. Self Explanatory. Notification issued in line with announcement of Annual Supplement to Foreign Trade Policy.
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CUS NTFN NO. 23 DTD. 18.04.2013 CUS NTFN NO. 24 DTD. 18.04.2013
Self Explanatory. Notification issued in line with announcement of Annual Supplement to Foreign Trade Policy. Self Explanatory. Notification issued in line with announcement of Annual Supplement to Foreign Trade Policy.
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CUS NTFN NO. 41 (NT) DTD. 22.04.2013 CUS NTFN NO. 42 (NT) DTD. 22.04.2013 CUS NTFN NO. 43 (NT) DTD. 22.04.2013
Self Explanatory.
Self Explanatory.
Self Explanatory.
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A. P. (DIR SERIES) CIRCULAR NO. 99 Dtd. 23.04.2013 A. P. (DIR SERIES) CIRCULAR NO. 100 Dtd. 25.04.2013
Public Sector Undertakings (PSUs), OVL and OIL in unincorporated entities in oil sector abroad Overseas Direct Investments Clarification
Self Explanatory.
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Eligible Indian parties using overseas direct investment under automatic route to set up certain structuring facilitating trading in currencies, securities and commodities are using such structures to offer financial products linked to Indian rupee. Since, Indian rupee is not fully convertible, such products would be offered only with specific approval of RBI. If anyone is offering such products without the specific approval of RBI, it would be treated as contravention of FEMA regulations.
DGFT
NOTIFICATION NO. 01(RE-2013)/2009-2014 DTD.18.04.2013
http://dgft.gov.in/Exim/2000/NOT/NOT13/not0113.htm
Effect of this Public Notice: Validity of Zero duty EPCG Authorisation will be 18 months from the date of issue. This will have immediate effect. (Anup K. Pujari) Director General of Foreign Trade
CUSTOMS
CUSTOMS NOTIFICATION NO. 21 DTD.18.04.2013
http://www.cbec.gov.in/customs/cs-act/notifications/notfns-2013/cs-tarr2013/cs21-2013.htm
CENTRAL EXCISE
NOTIFICATION NO. 14/2013- CENTRAL EXCISE DTD.18.04.2013
http://www.cbec.gov.in/excise/cx-act/notfns-2013/cx-tarr2013/ce14-2013.pdf
SERVICE TAX
SERVICE TAX NOTIFICATION 06 DTD 18.04.2013
http://www.servicetax.gov.in/st-notfns-home.htm
RBI
A.P. (DIR SERIES) CIRCULAR NO. 99 DTD.23.04.2013
Attention of the Authorised Dealer (AD - Category I) banks is invited to the Notification No. FEMA.120/RB-2004 dated July 7, 2004 [Foreign Exchange Management (Transfer or Issue of any Foreign Security) Regulations, 2004] (the Notification), as amended from time to time, and A.P. (DIR Series) Circular No. 59 dated May 18, 2007 and para 3(i) of A.P. (DIR Series) Circular No. 48 dated June 03, 2008 in terms of which Navratna Public Sector Undertakings (PSUs) and ONGC Videsh Ltd (OVL) and Oil India Ltd (OIL) are allowed to invest in overseas unincorporated entities in oil sector (for exploration and drilling for oil and natural gas, etc.), which are duly approved by the Government of India, without any limits under the automatic route. On a review, it has now been decided that such facility is also extended to the overseas investments in the incorporated JV / WOS in oil sector (for exploration and drilling for oil and natural gas, etc.) by the Navratna Public