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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: 16-01-2020
Notification No.05/2020 - Customs (N.T.)
Exchange Rates Notification No.05/2020-Custom (NT) dated 16.01.2020.

Date: 15-01-2020
Notification No. 03/2020- Customs (N.T.)
Notification of Ghasuapara LCS for imports also by amendment of Notification No. 63/1994-Customs dated 21st November 1994

Date: 15-01-2020
Notification No. 04/2020-CUSTOMS (N.T.)
Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seed, Areca nut, Gold & Silver - reg.

Date: 14-01-2020
Notification No. 4/2020-Customs (N.T./CAA/EXTENSION/DRI)
Appointment of CAA by DGRI

Date: 10-01-2020
Notification No. 42/2015-20
Amendment in Para 6.01(k) of Foreign Trade Policy 2015-20

Date: 09-01-2020
Notification No. 41/2015-2020
Amendment in Policy Condition of Sl. No. 55 and 57, Chapter 10 Schedule-2, ITC (HS) Export Policy, 2018

Date: 08-01-2020
Policy Circular No. 30/2015-2020
Clarification on SIMS Registration for SEZ/DTA

Date: 08-01-2020
Notification No. 39/2015-2020
Amendment of Import policy of items under Exim Code 151190 of Chapter 15

Date: 08-01-2020
Notification No. 40/2015-2020
Amendment in import policy and incorporation of Policy Condition under HS Code 08011100 of Chapter 8

Date: 07-01-2020
Notification No.07/2019 Central Excise-NT
Seeks to extention of SVLDRS 2019.



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