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Trade Update 49
A. Uploading of e-BRC by 15.09.2021 for shipping bills with LEO up to 31.03.2020 on which RoSCTL scrip has been claimed from DGFT Ras.
The Directorate General of Foreign Trade vide Trade Notice No. 13/2021-2022 dated August 04, 2021 has requested all IECs/firms, who have been issued scrips under RoSCTL for shipping bills up to March 31, 2020, to get the related e-BRCs uploaded in the DGFT portal by their AD banks latest by September 09, 2021, failing which such rebate shall be deemed never to have been allowed. Action under the FT (D&R) Act, 1992 may be taken by the Regional Authorities for repayment of erroneous or excess paid RoSCTL, as notified vide PN 58 dated January 29, 2020.
Trade Notice is available at:
B. Online Procedure for transfer of Advance Authorisation/EPCG Authorisation in case of amalgamation/de-merger/acquisition etc.
The Directorate General of Foreign Trade vide Trade Notice No. 14/2021-2022 dated August 04, 2021 has in continuation to Public Notice 34/2015-2020 dated December 24, 2020, stated that in case of amalgamation/de-merger/acquisition/insolvency the export obligation(s)/contingent liability(s) are required to be transferred from the earlier entity to the new entity as required under the related laws and rules on the amalgamation/de-merger/acquisition/insolvency process. An online procedure is accordingly being notified to provide for online filing and transfer of Advance Authorization(s) and EPCG Authorisation(s) from the earlier entity to the new entity(s).
C. Amendment in Paras 4.82, 4.83, 4.84 of Hand Book of Procedure (HBP) 2015-20.
The Directorate General of Foreign Trade vide Public Notice No. 20/2015-2020 dated August 06, 2021 has amended para 4.82, 4.83, 4.84 of Hand Book of Procedure 2015-20 purely as a onetime temporary measure in view of difficulties expressed by the trade due to COVID -19 situation. For those cases, where the last date for exports/replenishment/imports/drawal of precious metal as calculated under various sub paras of Paras 4.82, 4.83, 4.84 of Handbook of Procedure, 2015-20 expires between February 01, 2021 and June 30, 2021, such last date stands extended by six months. However, relaxation in the period for repatriation/forex realisation would be equal to the period as allowed plus six months or as per RBI guidelines, whichever is less.
D. Procedure and Criteria for submission and approval of applications for export of Diagnostic Kits and their components/laboratory reagents.
The Directorate General of Foreign Trade vide Trade Notice No.15/2021-22 dated August 09, 2021 has notified the procedure and criteria for submission and approval of applications for export of Diagnostic kits and their components/laboratory reagents. The quota for export of the following types of diagnostic kits and their components/laboratory reagents has been fixed for the month of July, August and September, 2021.
Trade Notice is available at: