Trade Update 31

A. Updating of the latest Customs Notification governing imports under Tariff Rate
Quota Scheme.
The Directorate General of Foreign Trade vide Public Notice No. 32/2015-20 dated December 16, 2020 has made amendments to Foreign Trade Policy 2015-20. Paragraph 2.60 of Handbook of Procedure, 2015-2020 has been replaced to update the latest Customs Notification governing imports under Tariff Rate Quota Scheme.
Public Notice is available at:
https://content.dgft.gov.in/Website/dgftprod/6fc04c5c-f131-4781-b2f6-fd360ddbb63d/PN%20no.32%20dated%2016.12.2020%20English%20%20ink%20singed%20sc
anned%20%20pdf.pdf

B. Extension of the deadline to install and operationalise Radiation Portal Monitors and Container Scanners in designated sea ports.
The Directorate General of Foreign Trade vide Public Notice No. 36/2015-20 dated December 29, 2020 has made amends to Para No. 2.54 (d)(v)(ii) of the Handbook of Procedures (2015-
2020) and has extended the deadline to install and operationalise Radiation Portal Monitors and Container Scanners in the designated sea ports up to March 31, 2021.
Public Notice is available at:
https://content.dgft.gov.in/Website/dgftprod/0d6eb55e-1c0a-4cb4-8058-869ed38a6a3e/PN%2036%20English%20pdf.pdf

C. Amendment in Para 2.14 (Modification of IEC) of Chapter-2 of Handbook of Procedures, 2015-2020.
The Directorate General of Foreign Trade vide Public Notice No. 34/2015-20 dated December 24, 2020 has inserted the following new sub-paras after sub para (c) of the existing Para 2.14
(Modification of IEC) as laid down in Chapter-2 of Handbook of Procedures, 2015-2020:
• In case of change in constitution of a PAN based IEC by way of merger, acquisition, liquidation, inheritance etc, such that PAN of the new entity so formed is different from the
earlier one, an IEC can be availed against the new PAN, if not existing already. Previous IEC(s) can also be operationally linked to the PAN/IEC of the new entity.