Wait...
  1. Home >
  2. Export Import News >
  3. Export Business News >
  4. Grape exporters entitled for VKGUY benefits on free-on-board value >
  5. Grape exporters entitled for VKGUY benefits on free-on-board value

Online Export Import Data Search

Recent Searches: No Recent Searches
Complete Training Video : Click Here

Grape exporters entitled for VKGUY benefits on free-on-board value.


Date: 06-08-2016
Subject: Grape exporters entitled for VKGUY benefits on free-on-board value
New Delhi, Aug 5 (KNN) The grapes packed in imported packing material do not fall under ineligible category under a norm of the foreign trade policy, the Directorate General for Foreign Trade (DGFT) said.

"...therefore exporter is entitled to Vishesh Krishi and Gram Udyog Yojana (VKGUY) benefit on free-on-board (FOB) value i.e without deducting the cost of imported packing material,” DGFT added in its notification.

It said, DGFT has received representations from Grape Exporters Association of India that the grape exporters are importing durable containers under the re-export notification. The re-export of such containers happen as it is used as packing materials for export of grapes. The value of these re-exported containers gets included in the FOB value of grapes and is taken into account for VKGUY benefits.

Earlier, it said, a view was taken that the value of packing material should be deducted from FOB value of grapes for the purpose of granting VKGUY benefits under FTP 2009-2014 and the grape exporters should pay back a part of the export benefits availed by them under Duty Drawback and VKGUY schemes as imported material used for packing grapes and shown as re-exported is not eligible for the incentives.

In a separate notification, the DGFT said, “Import and export of human biological samples by domestic diagnostic labs or clinical research centres should be permitted by customs authorities without prior approvals, subject to certain conditions, the Directorate General of Foreign Trade said.

Laying down the policy condition for import/export of human biological samples for commercial purposes, the DGFT said that "the central government hereby inserts import policy...and export policy for human biological samples for commercial purposes".

It said the export and import should be permitted by "customs authorities at the port of entry/exit without prior approvals (import licence/export permit) from any other government agency, provided the concerned Indian company/ agency submits an undertaking that they are following and will follow all the applicable rules, regulations and procedures for safe transfer and disposal of the samples".

Source : knnindia.co.in

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 25-08-2020



Date: 06-07-2020
Notification No. 29/2020-Customs
Seeks to further amend notification no. 152/2009 dated 31.12.2009, to increase the rate of duty of customs on imports of Phthalic Anhydride originating in Korea RP and imported under the India-Korea Comprehensive Economic Partnership Agreement, on recommendation of preliminary findings of Directorate General of Trade Remedies under India-Korea Comprehensive Economic Partnership Agreement (Bilateral Safeguard Measures) Rules, 2017.

Date: 02-07-2020
Notification No. 55/2020 - Customs (N.T.)
Exchange Rates Notification No.55/2020-Custom (NT) dated 02.07.2020.

Date: 01-07-2020
Notification No. 58/2020 – Central Tax
Seeks to make eighth amendment (2020) to CGST Rules

Date: 30-06-2020
Notification No. 54/2020-CUSTOMS (N.T.)
Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Silver- Reg.

Date: 30-06-2020
Circular No.31/2020-Customs
Extension of validity of AEO certification for ease of renewal process (Modification in Circular No. 27/2020 dated 02.06.2020) [Circular No. 31/2020 - Customs dated 30.06.2020].

Date: 30-06-2020
Notification No. 57/2020 – Central Tax
Seeks to amend notification no. 52/2020-Central Tax in order to provide conditional waiver of lat fees for the period from July, 2017 to July, 2020.

Date: 30-06-2020
PUBLIC NOTICE No. 11/2015-2020
Extension of validity of Recognition of Pre-shipment Inspection Agencies (PSIAs

Date: 29-06-2020
Trade Notice No. 17/2020-2021
Procedure and Criteria for submission and approval of applications for export of PPE Medical Coveralls for COVID-19

Date: 27-06-2020
Notification No. 55/2020 – Central Tax
Seeks to amend notification no. 35/2020-Central Tax in order to extend due date of compliance which falls during the period from "20.03.2020 to 30.08.2020" till 31.08.2020.



Exim Guru Copyright © 1999-2020 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001