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Annual Supplement 2012 - 2013 to the Foreign Trade Policy (Exim Policy) 2009 - 2014 released.




The Government of India, Ministry of Commerce and Industry announced Annual Supplement 2012-2013 to the Foreign Trade Policy 2009-2014 released. Offline mode Facility for DES and EPCG Schemes has been introduced.  on 05th June 2012 for the period 2012-2013, earlier this policy known as Export Import (Exim) Policy. After five years foreign trade policy needs amendments in general, aims at developing export potential, improving export performance, encouraging foreign trade and creating favorable balance of payments position.


 

CHAPTERSSUBJECT
 Glossary
1A Legal Framework
1B Special Focus Initiatives
1C Board Of Trade 
2 General Provisions Regarding Imports And Exports
3 Promotional Measures 
4 Duty Exemption / Remission Schemes 
5 Export Promotion Capital Goods Scheme
6 Export Oriented Units (EOUs), Electronics Hardware Technology Parks(EHTPs),
Software Technology Parks (STPs) And Bio-Technology Parks(BTPs)
 
7 Special Economic Zones
7A Free Trade & Warehousing Zones
8 Deemed Exports 
9Definitions

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What is New?

Date: 28-10-2018
Notification No. 71/2018-Customs
Seeks to further amend notification No. 25/2002-Customs, dated the 1st March, 2002.

Date: 11-10-2018
Notification No. 74/2018–Customs
seeking to ammend First Schedule of Customs Tariff Act, 1975.

Date: 11-10-2018
Notification No. 75/2018 – Customs
seeking to ammend Notifcation No. 57/2017 dated 30th June, 2017

Date: 11-10-2018
Notification No. 76/2018 – Customs
seeking to ammend Notifcation No. 24/2005 dated 1st March, 2005

Date: 10-10-2018
Notification No. 22/2018-Central Excise
Seeks to amend notification No. 11/2017-Central Excise dated 30th June, 2017 in order to reduce Central Excise duty rates on Aviation Turbine Fuel.

Date: 09-10-2018
Notification No. 51/2018-Customs (ADD)
seeks to amend the notification No. 23/2103 dated the 10th October, 2013 to extend the levy of anti-dumping duty on the imports of " Ductile Iron Pipes " originating in or exported from China PR..

Date: 09-10-2018
Circular No. 37/2018-Customs
Cases where IGST refund have not been granted due to claiming higher rate of drawback or where higher rate and lower rate were identical

Date: 09-10-2018
Notification No. 53/2018 – Central Tax
Seeks to make amendments (Eleventh Amendment, 2018) to the CGST Rules, 2017. This notification restores rule 96(10) to the position that existed before the amendment carried out in the said rule by notification No. 39/2018- Central Tax dated 04.09.2018.

Date: 09-10-2018
Notification No. 54/2018 – Central Tax
Seeks to make amendments (Twelfth Amendment, 2018) to the CGST Rules, 2017. This notification amends rule 96(10) to allow exporters who have received capital goods under the EPCG scheme to claim refund of the IGST paid on exports and align rule 89(4B) to make it consistent with rule 96(10).

Date: 09-10-2018
Notification No. 53/2018 – Central Tax
Seeks to make amendments (Eleventh Amendment, 2018) to the CGST Rules, 2017. This notification restores rule 96(10) to the position that existed before the amendment carried out in the said rule by notification No. 39/2018- Central Tax dated 04.09.2018.



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