You are here: Home > Sectors

16/05/2018 03:20pm

DGFT enables provision to submit manual BRCs and self-attested copy of Exporter Copy of shipping bill

image DGFT enables provision to submit manual BRCs and self-attested copy of Exporter Copy of shipping bill

New Delhi, May 16 (KNN) The Directorate General of Foreign Trade (DGFT) has made certain amendments in Handbook of Procedures 2015·20 and Appendices issued under FTP, 2015·20.

According to the amendment, now Advance Authorization for Annual Requirement can also be issued where Ad hoc norms exist for the resultant product.

In a notification, DGFT said, “Regional Authority may also issue Advance Authorisation where there is no SION/valid Ad hoc Norms for an export product or where SION / Ad hoc norms have been notified / published but exporter intends to use additional inputs in the manufacturing process, based on self-declaration by applicant.”

Wastage so claimed shall be subject to wastage norms as decided by Norms Committee. The applicant shall submit an undertaking to abide by decision of Norms Committee, DGFT notification added.

DGFT has also enabled a provision to submit manual Bank Realisation Certificates (BRCs) and self-attested copy of Exporter Copy of shipping bill.

Further, DGFT also said that Exports / Deemed Export supplies made from the date of EDI generated file number for an Advance Authorisation, may be accepted towards discharge of EO.

Shipping Bills / Tax Invoices should be endorsed with File Number or Authorisation Number to establish co-relation of exports / Deemed Export supplies with Authorisation issued.

Export/Deemed Export supply document(s) should also contain details of exempted materials/inputs consumed and technical characteristics of export and import items, as the case may be.

It said the export of SCOMET items shall not be permitted against an Authorisation until and unless the requisite SCOMET Authorisation is obtained by the applicant.

Inputs with pre-import condition shall not be considered for replenishment against Exports/Deemed Export supplies made before import of such inputs.

Authorisation for Annual Requirement shall be issued only where SIONs or valid Ad hoc norms exists on the date of issue of Authorisation, said DGFT notification. (KNN Bureau)


Related Articles


    Be first to give your comments.

Write a Comment

Your email address will not be published.
Required fields are marked *