Prohibited importation of cosmetics without prior regulatory registration attracts seizure and confiscation; warehousing or re export claims do not cu...
Provisional release on security permitted where cash deposit plus bond secures differential duty; classification and treaty benefits referred for deci...
Customs Valuation Rule Sequence must be followed; single-comparator re-determination and penalties set aside without comparability or proof of mis-dec...
Separately Identifiable Services: transportation found to be the essential character, so Cargo Handling classification and extended limitation rejecte...
The policy establishes a prospective intervention to provide government backed risk sharing support for bank intermediated trade finance to eligible MSMEs exporting to under served markets. It prescribes non recourse instruments (LC confirmation, SBLC, IRU, RP, UPAS LC, LC negotiation), MSME eligibility (valid IEC and MSME registration), application via a UIN on the online portal, and partner bank participation under master agreements. A comprehensive risk model determines score based cover (scheme cover 10-80%) and fees, with exposure caps linked to a multiple of the corpus (country, exporter, transaction, issuing bank caps). Claim settlement timelines, pilot operationalisation, and stakeholder consultation are provided.
The policy establishes a prospective intervention to provide government backed risk sharing support for bank intermediated trade finance to eligible MSMEs exporting to under served markets. It prescribes non recourse instruments (LC confirmation, SBLC, IRU, RP, UPAS LC, LC negotiation), MSME eligibility (valid IEC and MSME registration), application via a UIN on the online portal, and partner bank participation under master agreements. A comprehensive risk model determines score based cover (scheme cover 10-80%) and fees, with exposure caps linked to a multiple of the corpus (country, exporter, transaction, issuing bank caps). Claim settlement timelines, pilot operationalisation, and stakeholder consultation are provided.
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