TaxTMI 
TaxTMI 
Legal Framework and Trade Facilitation
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.... Forms (ANF) Director General of Foreign Trade (DGFT) may, by means of a Public Notice, notify Hand Book of Procedures, including Appendices and Aayat Niryat Forms or amendment thereto, if any, laying down the procedure to be followed by an exporter or importer or by any Licensing/Regional Authority or by any other authority for purposes of implementing provisions of FT (D&R) Act, the Rules and the Orders made there under and provisions of FTP. 1.04 Specific provision to prevail over the general Where a specific provision is spelt out in the FTP/Hand Book of Procedures (HBP), the same shall prevail over the general provision. 1.05 Transitional Arrangements (a) Any License/ Authorisation/ Certificate/ Scrip/ instrument bestowing financial or fiscal benefit issued before commencement of FTP 2023 shall continue to be valid for the purpose and duration for which it was issued, unless otherwise stipulated. (b) Item wise Import/Export Policy is delineated in the ITC (HS) Schedule I and Schedule II respectively. The importability/ exportability of a particular item is governed by the policy as on the date of import/ export. The date of import/ export is defined in para 2....
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....tion cost and time * Reduction in cargo release time * A paperless regulatory environment * A transparent and predictable legal regime * Improved investment climate through better infrastructure 1.07 DGFT as a facilitator of exports/ imports DGFT has a commitment to function as a facilitator of exports and imports. Focus is on good governance, which depends on efficient, transparent and accountable delivery systems. In order to facilitate international trade, DGFT consults various Export Promotion Councils as well as Trade and Industry bodies from time to time. ^1[1.07A Consultation with Stakeholders The Central Government, in the course of formulation of Foreign Trade Policy, as and when it deems reasonable to do so, may seek views, suggestions, comments or feedback from relevant stakeholders, including importers/exporters/industry experts with regard to formulation, incorporation of specific provision(s) or amendments in the Foreign Trade Policy, and to the extent possible, 30 days' time-period may be provided to such relevant stakeholders for submission of their views, suggestions, comments or feedback. Notwithstanding....
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....gency may seize the stock on the basis of prima facie evidence of serious irregularity. However, such seizure should be lifted within 7 days unless the irregularities are substantiated. 1.10 Export of perishable agricultural Products To reduce transaction and handling costs, a single window system to facilitate export of perishable agricultural produce is being facilitated through Agricultural and Processed Food Products Export Development Authority (APEDA). The detailed procedure is at Appendix 1C. 1.11 Niryat Bandhu - Hand Holding Scheme for new export/ import entrepreneurs DGFT is implementing the Niryat Bandhu Scheme for mentoring new and potential exporter on the intricacies of foreign trade through counseling, training and outreach programmes including the 'Districts as Export Hubs' initiative with 'industry partners', 'knowledge partners' and other stakeholders to create vibrant District-Product-Market relevant knowledge ecosystem. 1.12 DGFT Online Customer Portal Export Import related information including Acts, Rules, Policy and Procedures etc. are available online at DGFT portal https://dgft.gov.in/. 1.13 Issue of e-IEC (Electronic-Importer Exporter C....
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....vailing benefits under the export promotion schemes with a view to improve the ease of doing business. The details of these initiatives have been provided in Para 1.04 of Handbook of Procedures. 1.19 24 X 7 Helpdesk Facility A dedicated 24 X 7 Helpdesk facility has been put in place to assist the exporters in filing online applications on the DGFT portal and other matters pertaining to Foreign Trade Policy. 1.20 Trade Data and Statistics Continuous efforts are being made for better collection, compilation and wider dissemination of Trade Data and Statistics to help the policy makers, researchers, exporters and importers to formulate their trade strategy. The trade statistics for merchandise trade is available at - i. Department of Commerce's portal at https://commerce.gov.in & data bank available at https:// tradestat.commerce.gov.in/eidb/default.asp, ii. DGCI&S portal at http://www.dgciskol.gov.in and iii. NIRYAT Portal at https://niryat.gov.in. 1.21 Trade Facilitation at Customs CBIC has undertaken a number of initiatives to facilitate Trade. Some of these are as follows: i. 24X7 Customs clearance in 20 sea ports and 17 Airpor....
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....ed Economic Operator (AEO) Programme wherein extensive benefits, including greater facilitation and self-certification, have been provided to those entities who have demonstrated internal strong control system and compliance with CBIC. (d) Under the AEO program of Indian Customs, the MSMEs are also covered. For detailed guidelines/procedures, visit https://www. aeoindia.gov.in/and https://www.cbic.gov.in/. 1.23 Towns of Export Excellence (TEE) (a) Objective: Development and growth of export production centres. A number of towns have emerged as dynamic industrial clusters contributing handsomely to India's exports. It is necessary to grant recognition to these industrial clusters with a view to maximize their potential and enable them to move up the value chain and also to tap new markets. (b) Selected towns producing goods of Rs. 750 Crore or more may be notified as TEE based on potential for growth in exports. However, for TEE in Handloom, Handicraft, Agriculture and Fisheries sector, threshold limit would be Rs.150 Crore. The following facilities will be provided to such TEE: (i) Recognized associations of units will be provided financial assistance under ....
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....s, an export performance would be necessary in all the three preceding financial years (and in all the two preceding financial years for Gems & Jewelry Sector). 1.26 Status Holder Categories Status Category Export Performance Threshold In USD Million One Star Export House 3 Two Star Export House 15 Three Star Export House 50 Four Star Export House 200 Five Star Export House 800 1.27 Grant of Double Weightage (a) Double Weightage shall be available for grant of One Star Export House Status category only. Such benefit of double weightage shall not be admissible for grant of status recognition of other categories namely Two Star Export House, Three Star Export House, Four Star export House and Five Star Export House. The exports by IEC holders under the following categories shall be granted double weightage for calculation of export performance for grant of status: i. Micro and Small Enterprises as defined in Micro, Small & Medium Enterprises Development (MSMED) Act 2006 ii. Manufacturing units having ISO/BIS Certification iii. Units located in North Eastern States including Sikkim, and Union Territories of Jammu, Kashmir ....