TaxTMI 
TaxTMI 
TaxTMI 
DEFINITIONS
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....ablishment, carrying on any business, trade or profession, which has a definitive postal address; or (ii)any laboratory, Scientific or Research and Development(R&D) institution, university or other educational institution or hospital which has a definitive postal address; or (iii) Any service industry which has a definitive postal address. 9.04 9.04 "AEZ" means Agricultural Export Zones notified by DGFT in Appendix 2V of Appendices and Aayat Niryat Forms. 9.05 "Appeal" is an application filed under section 15 of the Act and includes such applications preferred by DGFT officials in government interest against decision by designated adjudicating/appellate authorities. 9.06 "Applicant" means person on whose behalf an application is made and shall, wherever context so requires, includes person signing the application. 9.07 "Authorisation" means permission as included in Section 2(g) of the Act to import or export as per provisions of FTP. 9.08 "Capital Goods" means any plant, machinery, equipment or accessories required for manufacture or production, either directly or indirectly, of goods or for rendering services, including those required for replacement, modernisation, t....
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....) under Foreign Trade Policy (2015-20) (FTP) shall mean the export of goods hosted on a website accessible through the internet to a purchaser. While the dispatch of goods shall be made through courier or postal mode, as specified under the MEIS, the payment for goods purchased on ecommerce platform shall be done through international credit /debit cards and as per the Reserve Bank of India Circular (RBI/2015-16/185) [A.P.( DIR Series) Circular No. 16 dated September 24, 2015.] as amended from time to time. 9.18 "EOU" means Export Oriented Unit for which a letter of permit has been issued by Development Commissioner. 9.19 "Excisable goods" means any goods produced or manufactured in India and subject to duty of excise under Central Excise and Salt Act 1944(1of 1944). 9.20 "Export" is as defined in FT (D&R) Act, 1992, as amended from time to time. 9.21 "Exporter" means a person who exports or intends to export and hold san IEC number, unless otherwise specifically exempted. 9.22 "Export Obligation" means obligation 6 to export product or products covered by Authorisation or permission in terms of quantity, value or both, as may be prescribed or specified by Regional or com....
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.... "Order" means an Order made by Central Government under the Act. 9.37 "Part" means an element of a sub-assembly or assembly not normally useful by itself, and not amenable to further disassembly for maintenance purposes. Apart may be a component, spare or an accessory. 9.38 "Person" means both natural and legal and includes an individual, firm, society, company, corporation or any other legal person including the DGFT officials. 9.39 "Policy" means Foreign Trade Policy (2015-2020 ) as amended from time to time. 9.40 "Prescribed" means prescribed under the Actor the Rules or Orders made there under or under FTP. 9.41 "Prohibited" indicates the import/export policy of an item, as appearing in ITC (HS) or elsewhere, whose import or export is not permitted. 9.42 "Public Notice" means a notice published under provisions of paragraph2.55 of FTP 9.42A "Project Exports" refers to export of engineering goods on deferred payment terms and execution of turnkey projects and civil construction contracts abroad collectively. Project Exports would encompass (i) Civil construction contracts; (ii) Turnkey Engineering contracts including supply of Capital Goods on deferred payment te....
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.... include a component or an accessory. 9.55 "Specified" means specified by or under the provisions of this Policy through Notification/Public Notice. 9.56 "Status holder" means an exporter recognized as One Star Trading House/ Two Star Trading House / Three Star Trading House/ Four Star Trading House/ Five Star Trading House by DGFT/Development Commissioner. 9.57 "Stores" means goods for use in a vessel or aircraft and includes fuel and spares and other articles of equipment, whether or not for immediate fitting. 9.58 (a) "Supporting Manufacturer" is one who manufactures goods/products or any part/accessories/components of a good/product for a merchant exporter or a manufacturer exporter under a specific Authorisation. (b) "Supporting Manufacturer" for the EPCG Scheme shall be one in whose premises/factory Capital Goods imported/ procured under EPCG Authorisation is installed. 9.59 State Trading Enterprises (STEs), for the purpose of this FTP, are those entities which are granted exclusive right/privileges export and /or import as per Para 2.20 (a) of FTP. 9.60 "Third-party exports" means exports made by an exporter or manufacturer on behalf of another exporter(s). In ....
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....esolution 2270 (2016); Prohibition on import: (B) The direct or indirect procurement or import from DPRK, of items, whether or not originating in DPRK, covered in sub-paragraphs (A)(i), (A)(ii), (A)(iii) and (A)(v) above is prohibited. Sectoral prohibitions (export) (C) The direct or indirect supply, sale, transfer or export of the following items to DPRK is prohibited: (i) New helicopters and vessels, except as approved in advance by the Committee on a case-by-case basis; (ii) Aviation fuel, including aviation gasoline, naphtha-type jet fuel, kerosene-type jet fuel, and kerosene-type rocket fuel. This measure is subject to the provisions of paragraph 31 of Resolution 2270 (2016) and paragraph 20 of Resolution of 2321 (2016); (iii) Condensates and natural gas liquids; (iv) Refined petroleum products. This measure is subject to the exemptions and procedures set out in paragraph 14 of Resolution 2375 (2017); (v) Crude oil. This measure is subject to the exemptions and procedures set out in paragraph 15 of Resolution 2375 (2017); Sectoral prohibitions (import) (D) The direct or indirect procurement or import from DPRK, of the following items is prohibited: (i) Coal, iron a....