Trade Facilitation Measures (Supplement to Foreign Trade Policy) – Highlights

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....rade Facilitation Measures (Supplement to Foreign Trade Policy) – Highlights <br>News and Press Release<br>Dated:- 26-2-2009<br><BR>DUTY CREDIT SCRIPS UNDER DEPB SCHEME TO BE ISSUED WITHOUT WAITING FOR REALIZATION OF EXPORT PROCEEDS SPECIAL PACKAGE OF RS.325 CRORE FOR LEATHER AND TEXTILES SECTOR STCL, DIAMOND INDIA, MSTC, GEM & JEWELLERY EPC AND STAR TRADING HOUSES ADDED AS NOMINATED AGENCIE....

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....S FOR IMPORT OF PRECIOUS METALS GEM AND JEWELLERY EXPORT: IMPORT RESTRICTIONS ON WORKED CORALS REMOVED BHILWARA AND SURAT RECOGNIZED AS TOWNS OF EXPORT EXCELLENCE FOR TEXTILES AND DIAMONDS THRESHOLD LIMIT FOR RECOGNITION AS PREMIER TRADING HOUSES REDUCED TO RS.7500 CRORE UNDER EPCG SCHEME, EXPORT OBLIGATION EXTENDED TILL 2009-10 FOR EXPORTS DURING 2008-09 DEPB/DUTY CREDIT SCRIP UTILIZATI....

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....ON EXTENDED FOR PAYMENT OF DUTY FOR IMPORT OF RESTRICTED ITEMS ALSO PROCEDURE FOR CLAIMING DUTY DRAWBACK REFUND & REFUND OF TERMINAL EXCISE DUTY FURTHER SIMPLIFIED RE-CREDIT OF 4% SAD FOR VKGUY, FPS AND FMS ALLOWED A NEW OFFICE OF DGFT TO BE OPENED AT SRINAGAR VALUE CAP UNDER DEPB REVISED FOR TWO PRODUCTS ELECTRONIC MESSAGE TRANSFER FACILITY FOR ADVANCE AUTHORISATION AND EPCG TO BE ESTAB....

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....LISHED GEM & JEWELLERY UNITS IN EOU TO BE ALLOWED - PERSONAL CARRIAGE OF GOLD UP TO 10 KG ADVANCE LICENSES ISSUED PRIOR TO 1.4.2002 REQUIRING MODVAT/CENVAT CERTIFICATE DISPENSED WITH EXPORT OBLIGATION PERIOD AGAINST ADVANCE AUTHORIZATIONS EXTENDED UP TO 36 MONTHS REIMBURSEMENT OF ADDITIONAL DUTY OF EXCISE LEVIED ON FUEL TO BE ADMISSIBLE FOR EOUS EARLY REFUND OF SERVICE TAX CLAIMS & FURTHER....

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.... SIMPLIFICATION OF REFUND PROCEDURES ON THE ANVIL<BR> News - Press release - PIB....