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of <h1>DGFT Circular Amends 2002-07 Export/Import Policy: Online Submission Mandatory, New Entitlements, and Compliance Penalties.</h1> The circular issued by the Director General of Foreign Trade outlines amendments to the Export and Import Policy, 2002-07, affecting various procedures and entitlements. Key changes include mandatory online submission of import/export details by Importer Exporter Code (IEC) holders, with deactivation penalties for non-compliance. Service providers are granted duty-free import entitlements based on foreign exchange earnings, with reduced rates for tourism-related entities. Amendments also address licensing procedures, export obligations, and the addition of new Export Promotion Councils and Agricultural Export Zones. The circular emphasizes compliance and provides detailed amendments to various appendices and procedural requirements.
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