The Director General of Foreign Trade (DGFT) has issued amendments in Para 2.107 (TRQ under FTA/CECA) of Handbook of Procedure 2015-2020 (“HBP”).
The Public Notice issued on Monday stated that “In exercise of powers conferred under paragraph 1.03 and 2.04 of the Foreign Trade Policy, 2015-20, as amended from time to time, the Directorate General of Foreign Trade hereby amends condition(o) of Annexure-IV of Appendix-2A notified earlier vide Public Notice No. 06/2015-20 dated 01.05.2022, in sync with Department of Revenue vide Notification no. 43/2022-Customs dated 20th July 2022.”
“In addition to the requirements as above, the TRQ authorization for items under Tariff head 7108, shall also contain Importer Exporter Code (IEC) of the nominated agencies as notified by RBI (in case of banks) or DGFT (for other agencies) or qualified jewellers as notified by International Financial Services Centres Authority (IFSCA), GST Identification Number(GSTIN) of the jewellery manufacturer to whom TRQ is being issued. The said TRQ importer shall follow the procedure set out in the Customs (Import of Goods at Concessional Rate of Duty) Rules, 2017.”
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