Wait...
Search Global Export Import Trade Data
Recent Searches: No Recent Searches

Date: 02-11-2010
Notification No: DGFT PUBLIC NOTICE No.14/(RE 2010)/2009-14
Issuing Authority: DGFT  
Type: Public Notice
File No: F. No. 01/94/180/Value addition/AA /AM11/PC-4
Subject: Amendment in paragraph 4.21 and 4.23 on enhancement in CIF / FOB values and revalidation of advance authorisations.

Government of India
Ministry of Commerce & Industry
Department of Commerce
Directorate General of Foreign Trade
Udyog Bhawan, New Delhi -110 011

Public Notice No. 14 /2009-2014 (RE- 2010)

The 2nd November, 2010

Subject: Amendment in paragraph 4.21 and 4.23 on enhancement in CIF / FOB values and revalidation of advance authorisations.

In exercise of the powers conferred under Paragraph 2.4 of the Foreign Trade Policy, 2009-14, the following amendments are being made in the Handbook of Procedures, Vol. 1, 2009-2014(RE 2010).

1. Amendment of second sub-paragraph of paragraph 4.21 of HBP, Vol. 1:

Existing sub-paragraph:

However, in case of advance authorisations issued prior to 27.8.09 under the FTP, 2004-09, the following conditions shall apply for any enhancement in the value of the authorisation:

  1.  Wherever, exports are subsequent to 27.8.09, enhancement in CIF/FOB values shall be subject to a minimum value addition (VA) of 15% for that component of exports.

  2. Wherever, the exports are prior to 27.8.09, enhancement of CIF/ FOB value shall be subject to a minimum Value addition of 15% or the V.A. declared in the original Advance Authorization application, whichever is lower.

Amended sub-paragraph:

“However, in case of advance authorisation(s) issued prior to 27.8.2009 under the FTP, 2004-09, the following conditions shall apply for any enhancement in the value of the authorisation:

  1. Wherever exports are on or subsequent to 27.8.09, enhancement in CIF / FOB values shall be subject to a minimum value addition (VA) of 15% or the value addition prescribed in Appendix 11B, whichever is lower, for that component of exports.

  2. Wherever exports are prior to 27.8.09, enhancement in CIF / FOB values shall be subject to a minimum value addition (VA) of 15% or the value addition prescribed in Appendix 11B, or the VA declared in the original advance authorisation application, whichever is lower.”

Effect of this amendment:

  1. Ambiguity in treating exports made on 27.8.2009 has been removed.

  2. Value addition as prescribed in Appendix 11B has also been included both in part (i) and (ii) of this sub-para.

2. Amendment of second sub-paragraph of paragraph 4.23 of HBP v1 stands replaced by the following:

Existing sub-paragraph:

In case of revalidation of advance authorization issued prior to 27.8.2009, it should be ensured that value addition is maintained at 15% (and as per details mentioned in para 4.1.6 of FTP) or as stipulated in the advance authorization, whichever is higher.

Amended sub-paragraph:

“In case of revalidation of advance authorization issued prior to 27.8.2009, it should be ensured that value addition (VA) is maintained at 15% (and as per details mentioned in para 4.1.6 of FTP) or as stipulated in the advance authorization, whichever is higher. However, for advance authorisations for products with VA as per Appendix 11B, the Value addition shall be as per the VA stated in Appendix 11B or as stated in Advance Authorisation, whichever is higher.”

Effect of this amendment: It incorporates the Value Addition of a specific product as stated in Appendix 11B. There is no other change.

Sd/-
(Anup K. Pujari)
Director General of Foreign Trade
E-mail: [email protected]
(F. No. 01/94/180/Value addition/AA /AM11/PC-4)

       

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: 07-06-2023
Notification No.40/2023- Customs (N.T.)
Exchange Rate Notification No. 40/2023 (Amended)- Reg.

Date: 01-06-2023
Notification No. 39/2023 - Customs (N.T.)
Exchange rate Notification No. 39/2023-Cus (NT) dated 01.06.2023-reg

Date: 31-05-2023
Notification No. 38/2203-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg

Date: 24-05-2023
NOTIFICATION NO. 13/2023–CENTRAL TAX
Seeks to extend the due date for furnishing FORM GSTR-7 for April, 2023 for registered persons whose principal place of business is in the State of Manipur.

Date: 24-05-2023
NOTIFICATION No. 12/2023 – CENTRAL TAX
Seeks to extend the due date for furnishing FORM GSTR-3B for April, 2023 for registered persons whose principal place of business is in the State of Manipur.

Date: 24-05-2023
NOTIFICATION No. 11/2023- Central Tax
Seeks to extend the due date for furnishing FORM GSTR-1 for April, 2023 for registered persons whose principal place of business is in the State of Manipur.

Date: 23-05-2023
NOTIFICATION No. 38/2023-Customs
Seeks to amend Australia FTA notification to make changes in tariff preference given to Coking Coal and Raw Cotton arising out of Finance Act, 2023

Date: 18-05-2023
Notification No. 36/2023 - Customs (N.T.)
Exchange rate Notification No. 36/2023-Cus (NT) dated 18.05.2023-reg

Date: 17-05-2023
NOTIFICATION No. 37/2023-Customs (N.T.)
Notification in relation to the rail link route connecting Bathnaha-Indian Customs Yard, Jogbani in Inda, and Nepal Customs Yard, Biratnagar in Nepal by amendment of Principal Notification No. 63/1994-Customs (N.T.) dated 21st November, 1994

Date: 15-05-2023
Notification No.22/2023-Central Excise
Seeks to amend No. 18/2022-Central Excise, dated the 19th July, 2022 to reduce the Special Additional Excise Duty on production of Petroleum Crude.



Exim Guru Copyright © 1999-2023 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