Site icon CA Cult

Amendments in Annexure-IV under Appendix-2A

Amendments in Annexure-IV under Appendix-2A (Imports of Items under TRQ under India- UAE CEPA)- PUBLIC NOTICE No. 06/2023

F. No. 01/89/180/01/AM-22/PC-2[B]/E- 31419.—In exercise of powers conferred under paragraph 1.03 and 2.04 of the Foreign Trade Policy, 2023 and in continuation to Public Notice No. 06/2015-20 dated 01.05.2022, 23/2015-20 dated 29.08.2022, 28/2015-20 dated 06.10.2022, 32/2015-20 dated 22.10.2022 and 47/2015-20 dated 29.12.2022, the Directorate General of Foreign Trade hereby amends Annexure-IV of Appendix-2A laying down the procedure for import of items under TRQ under India – UAE CEPA, as under:

  1. Condition (g)(I to vi) under Annexure-IV of Appendix-2A, shall be amended as under:
Sl. No.Earlier ProvisionAmended
Provision
g. For Gold TRQ under 7108, the following conditions shall be considered additionally:
i. Eligible Applicant must be a jewellery manufacturer.
ii. Eligible Applicant must be engaged in the business of goods falling under ITC (HS) codes 7108, 7113, 7114 and 7118 in Chapter 71 of ITC(HS).
iii. Such Jewellery manufacturer should have an average annual turnover of Rs. 25 crores over the last 3 financial years.
iv. The turnover of such Jewellery manufacturer should either:
 comprise of 90% of items manufactured/sold under HS code 7113, or
 comprise of a quantity of items manufactured/sold under HS code 7113 which is at least equal to the TRQ quantity bid by the respective jewellery manufacturer (capped to the maximum TRQ allocation permissible per annum) under HS code 7113.
v. Such Jewellery manufacturer should have a GST number and should have filed GST returns up to the applicable preceding GST return filing period.
vi. Financial statements containing annual turnovers of the eligible applicant should be duly certified/audited by a Chartered Accountant, on the basis of the jewellers GST declarations.
<Deleted>

Effect of this Public Notice: Condition (g) regarding manufacturer requirement for import of Gold under HS code 7108 under the TRQ of India UAE CEPA has been waived off in sync with Ministry of Finance (Department of Revenue) Notification, No. 20/2023-Customs, dated 31st March 2023.

Public Notice

Read More Updates on DGFT

Exit mobile version