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Notes


Packing Notes(I-O Norms)



GENERAL POLICY FOR PACKING MATERIAL


In respect of export products for which standardised norms do not provide packing material as an import input or in cases where additional packing
material as an import input other than those given in Standard Input-Output Norms are required, or in cases where norms have not been standardised as yet
and the licences are granted on ad-hoc/ individual basis by competent authority, the import of packing material as an input may be allowed in the following
manner:



  1. a. Packing material in finished form On 'Net + 1% wastage' b. Raw materials to be used for the On 'Net + 5% wastage' manufacture of
    packing material. However, GP/ CRCA in the shape of Sheets/ Strips and Coils may be allowed on
    'Net plus 10% wastage'.

  2. The exporter shall account for the net content of the packing material minus the wastage allowed in the exports made.

  3. The packing material with wastage indicated above will be allowed within the overall CIF value of the licence.

  4. Wherever packing materials allowed for import is in the nature of Polymer, only the relevant grade required for the export product, i.e.,
    moulded grade or film grade or blowing grade, tape grade as per the declaration of the applicant, will be permitted.


In cases where only packing material has been asked for in the application for issue of advance licence as per the general note above, where there is no
specific Standard Input Output Norm (SION), falling under any product group,advance licence in such cases shall be issued under the General Product Group
vide "9999".



 

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What is New?

Date: 02-05-2024
Notification No. 34/2024 - Customs (N.T.)
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Date: 18-04-2024
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Exchange Rate Notification No. 30/2024-Cus (NT) dated 18.04.2024-reg.

Date: 12-04-2024
NOTIFICATION No. 09/2024 – CENTRAL TAX
Seeks to extend the due date for filing of FORM GSTR-1, for the month of March 2024

Date: 10-04-2024
NOTIFICATION No. 08/2024- Central Tax
Seeks to extend the timeline for implementation of Notification No. 04/2024-CT dated 05.01.2024 from 1st April, 2024 to 15th May, 2024

Date: 08-04-2024
Notification No 07/2024 – Central Tax
Seeks to provide waiver of interest for specified registered persons for specified tax periods

Date: 05-04-2024
Notification No. 23/2024-Customs
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Date: 04-04-2024
Notification No. 27/2024 - Customs (N.T.)
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Date: 02-04-2024
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Date: 26-03-2024
Notification No. 24/2024 - Customs (N.T.)
Exchange Rate Notification No. 24/2024-Cus (NT) dated 26.03.2024-reg

Date: 14-03-2024
NOTIFICATION No. 17/2024-Customs
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