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of <h1>Foreign Trade Procedure 2023: Import Rules, Penalties for Late Claims, and Export Facilitation Centers Explained</h1> Chapter 11 of the Foreign Trade Procedure 2023 outlines various miscellaneous matters related to foreign trade. Import authorizations are denominated in both Rupees and convertible currencies, with specific rules for ACU countries and domestic supplies. Late applications for fiscal benefits incur penalties, and supplementary claims face a 2% cut. Importers and exporters must provide requested information to DGFT, with non-compliance leading to penalties. Export facilitation centers and grievance committees are established for support. Time-bound disposal of applications is emphasized, with specific timelines for different authorizations. Shipment dates for imports and exports are defined by transportation mode, and DGFT holds the power to review subordinate decisions.
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