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New Foreign Trade Procedure 2015 - 2020 Exim Glossary.


Acronym Explanation
AA Advance Authorisation
AANF Appendices and Aayaat Niryaat Form
ACU Asian Clearing Union
AEZ Agri Export Zone
ANF Aayat Niryaat Form
ARE-1 Application for Removal of Excisable Goods for Export (By Air/Sea/Post/Land)
ARE-3 Application for Removal of Excisable Goods from a factory or a warehouse to another warehouse
ACP Accredited Clients Programme
AEO Authorised Economic Operator
AES Approved Exporter’s Scheme
APEDA Agricultural & Processed Food Products Export Development Authority
ARO Advance Release Order
ASEAN Association of South- East Asian Nations
ASIDE Assistance to States for Infrastructure Development of Exports
AU Actual User
BCD Basic Customs Duty
BG Bank Guarantee
BIFR Board of Industrial and Financial Reconstruction
BOA Board of Approval
BOT Board of Trade
BRC Bank Realisation Certificate
BTP Biotechnology Park
BIS Bureau of Indian Standards
CBEC Central Board of Excise and Customs
CCP Customs Clearance Permit
CEA Central Excise Authority
CEC Chartered Engineer Certificate
CED Central Excise Duty
CENVAT Central Value Added Tax
CETF Common Effluent Treatment Facility
CFCsCommon Facility Centres
CG Capital Goods
CIF Cost, Insurance & Freight
CIN Corporate Identification Number
CIS Commonwealth of Independent States
CKD Completely Knocked Down
CoD Cash on Delivery
CoO Certificate of Origin
CQCTD Committee on Quality Complaints and Trade Disputes
CRES Certificate of Registration as Exporter of Spices
CST Central Sales Tax
CIN Company Identification Number
CRES Certification of Registration as Exporter of Spices
CEPA Comprehensive Economic Partnership Agreement
CBEC Central Board of Excise and Customs
CSP Common Service Provider
CECA Comprehensive Economic Cooperation Agreement
CVD Countervailing Duty
DA Document against Acceptance
DBK Drawback
DC Development Commissioner
DDA Diamond Dollar Accounts
DEA Department of Economic Affairs
DEL Denied Entity List
DES Duty Exemption Schemes
DFIA Duty Free Import Authorisation
DGCI&S Director General, Commercial Intelligence & Statistics.
DIN Director Identification Number
DPIN Designated Partner Identification Number
DGFT Director General of Foreign Trade
DIPP Department of Industrial Policy & Promotion
DoBT Department of Bio-Technology
DoC Department of Commerce
DeitY Department of Electronics and Information Technology
DoR Department of Revenue
DoT Department of Telecommunications
DRS Duty Remission Schemes
DTA Domestic Tariff Area
e-BRC Electronic Bank Realisation Certificate
e-IEC Electronic Importer-Exporter Code
ECA Enforcement- cum-Adjudication
EDI Electronic Data Interchange
ECGC Export Credit Guarantee Corporation
EEFC Exchange Earners’ Foreign Currency
EFC Exim Facilitation Committee
EFT Electronic Fund Transfer
EGM Export General Manifest
EHTP Electronic Hardware Technology Park
EIC Export Inspection Council
EO Export Obligation
EODC Export Obligation Discharge Certificate
EOP Export Obligation Period
EOU Export Oriented Unit
EPC Export Promotion Council
EPCG Export Promotion Capital Goods
EPO Engineering Process Outsourcing
EXIM Export Import
FDI Foreign Direct Investment
FE Foreign Exchange
FEMA Foreign Exchange Management Act
FIEO Federation of Indian Export Organisation
FIRC Foreign Exchange Inward Remittance Certificate
FOB Free On Board
FOR Freight on Road and Rails
FT (D&R)Act Foreign Trade (Development & Regulation) Act, 1992 (22 of 1992)
FTDO Foreign Trade Development Officer
FTP Foreign Trade Policy
FT(R) Rules Foreign Trade (Regulation) Rules
FTWZ Free Trade and Warehousing Zone
FTA Free Trade Agreement
G&J EPC Gems & Jewellery Export Promotion Council
GOI Government of India
GATS General Agreement on Trade in Services
GR Guarantee of Realisation
HACCP Hazard Analysis and Critical Control Process
HBP Handbook of Procedures
HHEC Handicraft & Handlooms Exports Corporation
ICB International Competitive Bidding
ICD Inland Container Depot
ICM Indian Commercial Mission
IEC Importer Exporter Code
ISO International Organisation for Standardisation
IAEA International Atomic Energy Agency
INFCIRC International Atomic Energy Agency Information Circular
IEM Industrial Entrepreneurial Memorandum
IMSC Inter-Ministerial Standing Committee
IL Industrial Licensing
ISO International Standards Organisation
ITC (HS) Indian Trade Classification (Harmonised System) for Export & Import Items
KVIC Khadi and Village Industries Commission
LC Letter of Credit
LCS Land Customs Station
LLPIN Limited Liability Partnership Number
LPG Liquefied Petroleum Gas
LoC Line of Credit
LoILetter of Intent
LoPLetter of Permit
LUTLegal Undertaking
MAIMarket Access Initiative
MDAMarket Development Assistance
MEAMinistry of External Affairs
MEISMerchandise Exports from India Scheme
MRAMutual Recognition Agreements
MoDMinistry of Defence
MoFMinistry of Finance
MSMEMinistry of Micro Small and Medium Enterprises
MSMEDMicro Small and Medium Enterprises Development
MSTCMetal Scrap Trade Corporation
NBFCNon- Banking Financial Company
NCNorms Committee
NFENet Foreign Exchange
NCBNational Competitive Bidding
NOCNo Objection Certificate
PDSPublic Distribution System
PECProject and Equipment Corporation of India Ltd.
PICPolicy Interpretation Committee
PRCPolicy Relaxation Committee
PANPermanent Account Number
PHPersonal Hearing
PTAPreferential Trade Agreement
PSUPublic Sector Undertaking
R&DResearch and Development
RARegional Authority
RBIReserve Bank of India
RCMCRegistration-cum-Membership Certificate
RPARupee Payment Area
S/BShipping Bill
SADSpecial Additional Duty
SCOMETSpecial Chemicals, Organisms, Materials, Equipment and Technology
SEI CMMSoftware Engineers Institute’s Capability Maturity Model
SEZSpecial Economic Zone
SEISService Exports from India Scheme
SIASecretariat for Industrial Assistance
SIICState Industrial Infrastructure Corporation
SIONStandard Input Output Norms
SKDSemi- Knocked Down
SLEPCState Level Export Promotion Committee
STCState Trading Corporation
STCLSpices Trading Corporation Limited
STEState Trading Enterprise
STHStar Trading House
STPISoftware Technology Park of India
STRState Trading Regime
SUVsSports Utility Vehicles
TEDTerminal Excise Duty
TEETowns of Export Excellence
THTrading House
TPOTrade Promotion Organization
TRATelegraphic Release Advice
TRQTariff Rate Quota
TUFSTechnology Upgradation Fund Scheme
UACUnits Approval Committee
UNUnited Nations
VAValue Addition
WCOWorld Customs Organisation
WHOGMPWorld Health Organisation Good Manufacturing Practices

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What is New?

Date: 29-11-2022
No.98 /2022-Customs (N.T.)
Amendment of notification no. 47/2022–Customs (N.T.), dated the 31st May, 2022

Date: 29-11-2022
NOTIFICATION No. 99/2022-Customs (N.T.)
Amendment of notification number 48/2022-Customs (N.T.) dated the 31st May, 2022

Date: 25-11-2022
NOTIFICATION No. 61/2022-Customs
Seeks to amend certain specific FTA/PTA notifications.

Date: 23-11-2022
NOTIFICATIONNo. 23/2022 – Central Tax
Seeks to empower the Competition Commission of India to handle anti-profiteering cases under CGST Act, 2017 with effect from 01.12.2022.

Date: 23-11-2022
NOTIFICATION No. 24/2022 – Central Tax
Seeks to make fourth amendment (2022) to CGST Rules with effect from 01.12.2022.

Date: 18-11-2022
Notification No. 58/2022-Customs
Seeks to amend Notification No. 27/2011- Customs, dated the 1st March, 2011 in order to withdrawal export duty on iron ore & steel products.

Date: 18-11-2022
Notification No. 59/2022-Customs
Seeks to amend Notification No. 50/2017-Customs, dated the 30th June, 2017 in order to withdrawal BCD exemption on Anthracite and PCI Coal, Coke & Semi coke and ferronickel.

Date: 18-11-2022
Notification No. 60/2022-Customs
Seeks to amend Notification 11/2021-Customs, dated the 1st February, 2021 in order to withdrawal AIDC exemption on Anthracite ,PCI Coal and Coking Coal.

Date: 17-11-2022
Notification No. 97 /2022 - Customs (N.T.)
Seeks to giv exemption from BCD for the motor car if imported by the Governor of the state .

Date: 17-11-2022
Notification No. 57/2022-Customs
Seeks to giv exemption from BCD for the motor car if imported by the Governor of the state .

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