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GLOSSARY (Acronyms)


Acronym Explanation
ACC    Assistant Commissioner of Customs
ACU    Asian Clearing Union AEZ Agri Export Zone ANF Aayaat Niryaat Form
ARO    Advance Release Order
ASIDE    Assistance to States for Infrastructure Development of Exports
BG    Bank Guarantee
BIFR    Board of Industrial and Financial Reconstruction
BOA    Board of Approval
BOT    Board of Trade
BRC    Bank Realisation Certificate
BTP    Bio-Technology Park
CBEC    Central Board of Excise and Customs
CCP    Customs Clearance Permit
CEA    Central Excise Authority
CEC    Chartered Engineer Certificate
CIF    Cost, Insurance & Freight
CIS    Commonwealth of Independent States
CoD    Cash on Delivery CoO Certificate of Origin CVD Countervailing Duty
DA    Document against Acceptance
DoBT    Department of Bio-Technology
DC    Development Commissioner
DEPB    Duty Entitlement Passbook Scheme DFIA Duty Free Import Authorisation DFRC Duty Free Replenishment Certificate
DGCI&S    Director General, Commercial Intelligence & Statistics.
DGFT    Director General of Foreign Trade
DIPP    Department of Industrial Policy & Promotion
DoC    Department of Commerce
DoE    Department of Electronics
DoIT    Department of Information Technology
DoR    Department of Revenue
DoT    Department of Tourism
DTA    Domestic Tariff Area
EDI    Electronic Data Interchange
EEFC    Exchange Earners’ Foreign Currency
EFC    Exim Facilitation Committee
EFT    Electronic Fund Transfer
EH    Export House
EHTP    Electronic Hardware Technology Park
EIC    Export Inspection Council
EO    Export Obligation
EOP    Export Obligation Period
EOU    Export Oriented Unit
EPC    Export Promotion Council
EPCG    Export Promotion Capital Goods EPO Engineering Process Outsourcing FDI Foreign Direct Investment
FIEO    Federation of Indian Export Organisation
FIRC    Foreign Exchange Inward Remittance Certificate
FMS    Focus Market Scheme
FOB    Free On Board
FPS    Focus Product Scheme
FT    (D&R) Act Foreign Trade ( Development & Regulation) Act, 1992 (No. 22 of 1992) FTDO Foreign Trade Development Officer
FTP    Foreign Trade Policy
GATS    General Agreement on Trade in Services
GRC    Grievance Redressal Committee
HACCP    Hazard Analysis And Critical Control Process
HBP    v1 Handbook of Procedures (Vol. 1) HBP v2 Handbook of Procedures (Vol. 2) ICD Inland Container Depot
ICM    Indian Commercial Mission
IEC    Importer Exporter Code
ISO    International Standards Organisation
ITC (HS)    Indian Trade Classification (Harmonised System) Classification for Export & Import
Items, 2004-2009
ITPO    India Trade Promotion Organisation
LoC    Line of Credit
LoI    Letter of Intent
LoP    Letter of Permit
LUT    Legal Undertaking
MAI    Market Access Initiative
MDA    Market Development Assistance
MEA    Ministry of External Affairs
MoD    Ministry of Defence MoF Ministry of Finance NC Norms Committee
NFE    Net Foreign Exchange
NOC    No Objection Certificate
PRC    Policy Relaxation Committee
PTH    Premier Trading House
PSU    Public Sector Undertaking R&D Research and Development RA Regional Authority
RBI    Reserve Bank of India
REP    Replenishment
RCMC    Registration-cum-Membership Certificate RSCQC Regional Sub-Committee on Quality Complaints S/B Shipping Bill
SEH    Star Export House
SEI    CMM Software Engineers Institute’s Capability Maturity Model
SEZ    Special Economic Zone
SFIS    Served from India Scheme
SIA    Secretariat for Industrial Assistance
SION    Standard Input Output Norms
SSI    Small Scale Industry
STE    State Trading Enterprise
STH    Star Trading House
STP    Software Technology Park TEE Towns of Export Excellence TH Trading House
TRQ    Tariff Rate Quota
VA    Value Addition
VKGUY    Vishesh Krishi and Gram Udyog Yojana
WHOGMP    World Health Organisation Good Manufacturing Practices




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What is New?

Date: 24-10-2020



Date: 21-10-2020
Notification No. 38/2020-Customs
Notification regarding exemption of duties of Customs against scrips issued under the RoSL scheme for apparel and made-ups sectors.

Date: 21-10-2020
Notification No. 07/2020 – Central Excise
Notification regarding exemption of duties of Central Excise against scrips issued under the RoSL scheme for apparel and made-ups sectors

Date: 20-10-2020
Notification No. 37/2020-Customs
Seeks to further amend notification no. 152/2009 dated 31.12.2009, regarding the rate of duty of customs on imports of "Polybutadiene Rubber" originating in Korea RP and imported under the India-Korea Comprehensive Economic Partnership Agreement.

Date: 15-10-2020
Notification No. 99/2020 - Customs (N.T.)
Exchange rate Notification No.99/2020-Cus (NT) dated 15.10.2020- regd.

Date: 13-10-2020
Trade Notice No. 30/2020-2021-DGFT
Electronic filing and Issuance of Preferential Certificate of Origin (CoO) for India’s Exports under GSP, GSTP, India-Malaysia CECA, India-Singapore CECA w.e.f. 15th October 2020

Date: 09-10-2020
Notification No. 39/2015-2020
Amendment in Export Policy of Onions

Date: 08-10-2020
Circular No. 44/2020-Customs
Procedure for inspection of ICDs/CFSs/AFSs -reg

Date: 08-10-2020
Notification No. 49/2020-Customs (N.T./CAA/DRI)
Appointment of CAA by Pr. DGRI

Date: 07-10-2020
Public Notice No.24 /2015-20
Revision of SION H-68, H-301 & H-302 of Export Products- Double Decorative/Single side Laminates with or without Barrier Paper



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