New Customs Exchange Rates w.e.f. 19.04.2024
Fixation of Tariff Value for Edible Oil, Brass Scrap, Areca Nuts, Silver and Gold.
Import of Isopropyl Alcohol (IPA) under ITC (HS) code 29051220 is free from 1.4.24 without any country wise restriction which was imposed for the period AM-24 vide Notification No. 64/2015-20 dated 31.3.23.
Export of Onions under ITC (HS) code 0703 1019 to the extent of 10000 MT to Sri Lanka and additional 10000 MT to UAE is allowed through National Co-operative Exports Ltd (NCEL).
Export of various product to Maldives under bilateral trade agreement as per Notification No. 3 dated 5.4.24 is allowed through specified ports only i.e. Mumbai Seaport, Tuticorin Seaport, JNPT and ICD Tughlaqabad.
Advance Authorisations issued under Customs Notification No. 18/2015 dated 1.4.15 for physical exports and Notification No. 21/2015 dated 1.4.15 for deemed exports. EO can be fulfilled by making combined/both exports i.e. physical as well as deemed exports.
In respect of restricted import of Melon Seed, (as free in terms of Notification No. 5/23 dated 5.4.24), procedure is given for online registration under Import Monitoring System (MS-IMS).
SION under E- 124 for export of Refined Sunflower Oil (Edible Grade) is amended. Existing inputs i.e. coal, diesel are deleted. “Filter aid” is now permitted.
DGFT directed that only digitized ANFs, Appendices are to be submitted. No hard/soft copies of digitized ANFs, Appendices. There is no requirement to upload IEC, RCMC alongside online applications. All deficiencies and its compliances must be through online mode only.
Import of restricted Melon Seeds – Other under ITC (HS) code 1207 7090 is free wef 1.5.24 to 30.06.2024 with AU condition.
Date is extended from 30.4.24 to 30.06.2024 in import period for Yellow Peas under ITC (HS) code 0713 1010.
Export of various items allowed to Maldives during 2024-25 with specified quantity under bilateral trade agreement between India and Maldives.
Additional quantity of 10000 MT of Onions under ITC (HS) code
0703-1019 is allowed thru NCEL in continuation of earlier Notification No.65/23 dated 1.3.24.
Export of “Kala Namak Rice” under ITC(HS) code 10063090 is allowed upto an aggregate quantity not exceeding 1000 MT wef 2.4.24 from (1) Varanasi Air Cargo, (UP), (2) JNPT (3) Kandla (4) Nepalganj Road LCS (5) LCS Sonauli, (6) LCS Barhni. Authorized signatory for certification of export item/qty will be Director, Agriculture Marketing & Foreign Trade, Lucknow.
Fixation of Tariff value of Edible oil, Brass scrap, Areca Nuts, Gold and Silver
New Exchange Rates w.e.f. 05.04.2024
1000 M.T. Kalanamak Rice allow to export without any export duty.
Exporter has to furnish certificate of quantity to be exported from
Director of Agriculture & Marketing & Foreign Trade, Lucknow.
List of banks announced, authorized by RBI for import of both gold & silver, and ONLY GOLD during AM-25 wef 1.4.24 to 31.3.2025 under Appendix 4 B.
Procedure is laid down for obtaining SCOMET authorization for export of Information Security item.
Procedure is laid down for obtaining SCOMET authorization for export of Telecommunication item.
DGFT notified policy for the grant of one time bulk licence for General Authorisation of Export of Telecommunication and Information security.
Prohibition Period for export of Onion under ITC (HS) code 0703 1019 is extended till further orders instead of 31.03.2024.
ADNOC Marketing International (AMI) India RSC Ltd is exempted from STE condition and allowed re-export of Petroleum Crude Oil under ITC (HS) code 2709 0010.
RoDTEP benefit for 166 ITC tariff given in Annexure to this Notification is available from 1.4.2024 on linkage with ICEGATE for exports of products manufactured by AA holders, EoU.
RoDTEP benefit is allowed to manufacturer AA holder, 100% EoU wef 11.3.24 to 30.9.24. RoDTEP to SEZ as per new Appendix 4RE through ICEGATE. RoDTEP scheme extended from 30.6.24 to 30.9.24. Rate of 25 HS codes revised in Appendix 4 R.
Amendment Sea Cargo Manifest and Transhipment Regulations 2018
Fixation of Tariff value for Edible Oil, Brass Scrap, Areca Nuts, Silver and Gold.
New Customs Exchange Rates w.e.f. 27.03.2024
In Column No.9 of table MT should be read as Kg. for Anti-Dumping Duty on Meta Phenylene Diamine HS code 29215120
Fixation of Tariff value of Edible Oil, Brass Scrap, Silver and Gold.
Seeks to amend notification No. 22/2022- Customs dated 30.04.2022,
in order to notify third tranche/part of India-UAE CEPA
amend Notification No. 11/2018-Customs, dated the 2nd February, 2018
to exempt SWS on EVs imported under of the Ministry of Heavy Industries' Scheme to promote manufacturing of electric
passenger cars in India.
Seeks to amend No. 50/2017-Customs, dated the 30th June, 2017
to give concession to EVs imported under of the Ministry of Heavy Industries' Scheme to promote manufacturing of electric passenger cars in India.
Import of Urea (Agricultural Grade) under ITC (HS) Code 3102 1010 is allowed on Govt Account through Indian Potash Limited till 31.03.2025. In addition import of Urea is also allowed through RCF & NFL.
continuation of Notification No. 66 dated 63.24, import of meat of premium duck under ITC (HS) code 0207 4200 (not cut in pieces, frozen), and under ITC 0207 4500 (other frozen) is restricted for supply to 3-Star and above Operational Hotels. Other import under the said ITC is ‘Free”.
Import of Synthetic Fibres under Chapter 6006 (specific 5 ITC) is prohibited. However, it is freely allowed if MIP/cif value is US $ 3.5 and above per kilogram. This prohibition is upto 15.09.2024.
A cap of Rs.2.50 crore has been imposed per IEC under Interest Equalization Scheme for the quarter AJ-24 (1.4.24 to 30.6.24).
In case of export to UK, the Indian exporters are required to submit origin declaration (Rules of Origin) through self certification as per UK Developing Countries Trading Scheme (DCTS) under Generalized Scheme of Preferences (GSP).
Amendment in Notification No.25/2021 dt.31.03.2021
India Mauritius Comprehensive Economic Partnership Agreement new concessional rate of Duties are Introduced.
Amendment in Notification No.57/2017 word inserted words “(commonly known as smart watches) and other smart wearable devicesincluding smart rings, shoulder bands, neck bands or ankle bands
Self- Adhesive with PVC film thickness 100 micron above Anti-Dumping Duty levied on import from China
Anti-Dumping Duty levied on Ethylene Vinyl Acetate on import from China
Amendment in Customs Notification No.50/2017 at S. NO.563B,C,D,
Under HS Code 9022 for X ray machine component Rate of Duty @ 10%
In Chapter 90, against tariff items 9022 30 00 and
9022 90 90, for the entry in column (4), the entry “15%” shall be substituted.
Amendment in Notification No.24/2023 Customs (N.T) dt.01.04.2023 which extends the benefit of RoDTP to Advance Authorisation and EOU in clause 2, (a) in sub-clause (1), for item (b), the following shall be substituted, namely:- “(b) against export of goods notified in Appendix 4R of the Foreign Trade Policy or against export of goods under Advance Authorisation (except Deemed Exports) as notified in Appendix 4RE of the Foreign Trade Policy or export of goods manufactured by or exported by Export Orient Unit as notified in the said Appendix 4RE, at the respective rate and cap notified under the Appendix 4R or Appendix 4RE, as applicable
Amendment to Notification No.1/2019 (CVD), CVD ON New/Unused pneumatic radial tyres with or without tubes and/or flap of rubber the Notification will remain in force Till 23rd July 2024
Import of inputs that are subjected to compliance of Quality Control Orders by Adv/DFIA authorization holder, EoU are exempted on instructions by other ministries/departments as given in newly notified Appendix 2-Y. Accordingly new paras added in FTP i.e. Paras 4.18(A)(i) to (viii), 4.24(d), 6.07(k), 2.03(c), Appendix 2Y, (added in FTP 2023).
Import condition No. 6(b) of Chapter 27, Schedule 1 is amended with permissible total quantity of Raw Petroleum Coke (RPC) and Calcined Petroleum Coke (CPC) for Aluminium Industry with certain conditions.
Export of Onions under ITC (HS) code 07031019 to the extent of 550 MTs to Bhutan, 3000 MTs to Bahrain, and, 1200 MTs to Mauritius is allowed through National Co-Operative Exports Ltd (NCEL).
Import of meat of premium duck under ITC (HS) code No 02074200 – (“Not cut in pieces, frozen”) and under ITC (HS) code 0207 4500 – (“Other, frozen”) is Restricted for supply to Hotels & Restaurants. Other import under the said ITC is “free”.
