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Trade Update 43
A. Introduction of an online e-EPCG Committee module in terms of para 2.58 of FTP 2015-20
The Directorate General of Foreign Trade vide Trade Notice No. 05/2021-22 dated May 19, 2021 has introduced an online e-EPCG Committee module for accepting applications seeking relaxation in Policy/Procedure in terms of para 2.58 of FTP 2015-20.
Trade Notice is available at:
B. Mandatory recording of information about transfer of DFIA Scrips and Paperless issuance of DFIA Scrips
The Directorate General of Foreign Trade vide Trade Notice No. 06/2021-22 dated May 25, 2021 has in order to enable electronic, paperless transactions and facilitate trade made it mandatory for recording of information about transfer of DFIA (Duty Free Import Authorization) Scrips and Paperless issuance of DFIA Scrips. The record of such transfers shall be mandatory for EDI ports as well as non-EDI Ports. Further, the issuance of paper copies of DFIA scrips (for EDI Ports) shall be discontinued with effect from June 07, 2021.
Trade Notice is available at:
C. Introduction DGFT Import-Exporter Code (IEC) Services affected due to non-availability of PAN Validation Services
The Directorate General of Foreign Trade vide Trade Notice No. 07/2021-22 dated May 26, 2021 has stated that certain Import-Exporter Code (IEC) Services will be affected due to non-availability of PAN Validation Services from June 01, 2021 to June 06, 2021. They include DGFT services like, application for a new IEC, application for Amendments/Modification in an IEC and one-time linking of Aadhaar for e-sign purposes.
Trade Notice is available at:
D. Export of Red Sanders wood by Directorate of Revenue Intelligence
The Directorate General of Foreign Trade vide Notification No. 06/2015-2020 dated May 31, 2021 has allowed the Directorate of Revenue Intelligence time up to December 31, 2021 to complete the process of export of allocated quantities of Red Sanders wood.
Trade Notice is available at:
