Concessional penalty for search-disclosed unreconciled jewellery applies where substantive disclosure conditions are met despite omission from origina...
The notification issued by the Ministry of Commerce & Industry, Department of Commerce, Directorate General of Foreign Trade enables import of inputs under Quality Control Orders (QCOs) by Advance Authorisation holders, EOU, and SEZ. Amendments u/s 3 and 5 of the Foreign Trade (Development & Regulation) Act, 1992, along with FTP, 2023, modify the Export Obligation period for QCO-exempt textile and chemical products. This exempts inputs from QCOs and includes Ministry of Textiles and DCPC products. EO period is limited to 180 days from import clearance. DCPC is notified in FTP, 2023. Approval by Minister of Commerce & Industry.
The notification issued by the Ministry of Commerce & Industry, Department of Commerce, Directorate General of Foreign Trade enables import of inputs under Quality Control Orders (QCOs) by Advance Authorisation holders, EOU, and SEZ. Amendments u/s 3 and 5 of the Foreign Trade (Development & Regulation) Act, 1992, along with FTP, 2023, modify the Export Obligation period for QCO-exempt textile and chemical products. This exempts inputs from QCOs and includes Ministry of Textiles and DCPC products. EO period is limited to 180 days from import clearance. DCPC is notified in FTP, 2023. Approval by Minister of Commerce & Industry.
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