DGFT Updates Spice Value Addition Requirement: 25% Minimum Requirement for Chapter 9 Spices [Read Circular]

Amendment to FTP/HBP requires 25% value addition for Chapter 9 spices, 15% for others, in line with Chapter 4 provisions.
DGFT - DGFT Updates Spice Value - Spice Value Addition Requirement - Directorate General of Foreign Trade - DGFT Updates - Tax news - Taxscan

The Directorate General of Foreign Trade ( DGFT ) has issued an amendment through Public Notice No. 08/2024-25 dated June 03, 2024, impacting the spice trade governed by Chapter 9 of the Indian Trade Clarification ( ITC ) Harmonized System (HS) Code under the Foreign Trade Policy ( FTP ) and Handbook of Procedures (…

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