Concessional penalty for search-disclosed unreconciled jewellery applies where substantive disclosure conditions are met despite omission from origina...
The Public Notice No. 50/2023 issued by the DGFT, amends the Foreign Trade Policy (FTP), 2023, to exempt certain Ministries/Departments from mandatory Quality Control Orders (QCOs) for inputs used in manufacturing export products. Effective immediately, this amendment streamlines import processes for entities like Advance Authorisation holders, Export Oriented Units (EOUs), and Special Economic Zones (SEZs), aiming to bolster export manufacturing and improve administrative efficiency in trade facilitation.
The Public Notice No. 50/2023 issued by the DGFT, amends the Foreign Trade Policy (FTP), 2023, to exempt certain Ministries/Departments from mandatory Quality Control Orders (QCOs) for inputs used in manufacturing export products. Effective immediately, this amendment streamlines import processes for entities like Advance Authorisation holders, Export Oriented Units (EOUs), and Special Economic Zones (SEZs), aiming to bolster export manufacturing and improve administrative efficiency in trade facilitation.
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