DGFT amends Forms ANF-2C to reduce Exporter’s Regulatory Compliance burden [Read Notice]

DGFT - Forms ANF-2C - exporters regulatory compliance burden - Taxscan

The Director-General of Foreign Trade (DGFT) amended the ANF-2C to reduce the exporter’s regulatory compliance burden.

The DGFT has deleted paragraph 2.96 (b) of HBP, 2015- 2020 which reads “exporter shall furnish quarterly return /details of his exports of different commodities to concerned registering authority. However, status holders shall also send quarterly returns to FIEO in the format specified by FIEO.”

“Further, S.No 9(d) of ANF-2C of Foreign Trade Policy, 2015-2020 mandating submission of monthly returns of exports including ‘NIL’ returns to the Registering authority by 15th day of the month following the quarter is deleted, and the revised format for ANF-2C is notified, as annexed,” Amit Yadav, DGFT in the notification said.

The DGFT added, “Para 2.96 (b) of Chapter-2 of Handbook of Procedures, 2015-2020 stands deleted, and revised format of ANF-2C is notified as a step towards reducing regulatory compliance burden.”

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