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

Date: 08-01-2014
Notification No: DGFT Public Notice No.47/(RE 2013)/2009-14
Issuing Authority: DGFT  
Type: Public Notice
File No: file No. 01/93/180/40/AM-14/PC-2(B)
Subject: Processing of claims where an exporter gets payment by Insurance Agencies (not through banks).

Government of India
Department of Commerce
Ministry of Commerce and Industry
Directorate General of Foreign Trade
Udyog Bhavan, New Delhi

Public Notice No. 47 /2009-2014 (RE- 2013)

Dated: 8th January, 2014

Subject- Processing of claims where an exporter gets payment by Insurance Agencies (not through banks).

In exercise of the powers conferred under Paragraph 2.4 of the Foreign Trade Policy, 2009-14, the Director General of Foreign Trade hereby makes the following amendment in paragraph 2.25.2 of the Handbook of Procedures (Vol. I) 2009-14 with immediate effect:

2. After para 2.25.2 of HBP (Vol. I) two new sub para 2.25.2 (a) & (b) are being added. The new Paras shall read as under:

“2.25.2 (a) An applicant realizing export proceeds through Insurance Agency will approach the concerned RA with the proof of payment issued by the concerned Insurance Agency. RA after satisfying itself of the bona fide of the claim, will obtain approval of Additional DGFT (EDI) and then will upload the value (in lieu of eBRC value) in EDI system of DGFT for processing of the case.

(b) If the proof of payment issued by the Insurance Agency mentions claim value both in foreign exchange and INR, RA will use the foreign exchange value for processing. If the claim value is mentioned only in equivalent INR, RA will convert this INR value in equivalent US$ using the exchange rate (published by CBEC) applicable on the date of settlement of insurance claim”.

Effect of Public Notice: A procedure for processing of claims in respect of realization of export proceeds through insurance agency is being introduced.

(Anup K. Pujari)
Director General of Foreign Trade
E-mail: [email protected]

[Issued from file No. 01/93/180/40/AM-14/PC-2(B)]

       

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: 27-09-2023
Notification No. 69/2023-Customs (N.T.)
Notification to exempt deposits into ECL till 30th November 2023.

Date: 27-09-2023
Notification No. 70/2023-Customs (N.T.)
Exemption of deposits from the provisions of Section 51 of Customs Act, 1962-reg.

Date: 25-09-2023
NOTIFICATION No. 47/2023- Central Tax
Seeks to amend Notification No. 30/2023-CT dated 31st July, 2023

Date: 21-09-2023
Notification No. 68/2023 - Customs (N.T.)
Exchange Rate Notification No. 68/2023-Cus (NT) dated 21.09.2023-reg.

Date: 18-09-2023
Notification No. 46/2023-Central Tax
Seeks to appoint common adjudicating authority in respect of show cause notice issued in favour of M/s Inkuat Infrasol Pvt. Ltd.

Date: 15-09-2023
Notification No. 56/2023-Customs
Seeks to amend No. 19/2019-Customs

Date: 15-09-2023
Notification No. 30/2023-Central Excise
Seeks to amend No. 18/2022-Central Excise, dated the 19th July, 2022 to increase the Special Additional Excise Duty on production of Petroleum Crude and reduce the Special Additional Excise Duty on export of ATF

Date: 15-09-2023
Notification No. 31/2023-Central Excise
dated the 30th June, 2022 , to reduce the Special Additional Excise Duty on export of Diesel.

Date: 15-09-2023
Notification No. 67/2023-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg.

Date: 14-09-2023
Notification No. 54/2023-Customs
seeks to amend notification no. 50/2017-Customs in order to amend various entries relating to Project Imports as a result of Project Import review.



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