Amendment in para 2.07 (a) (iv) of Handbook of Procedures (2015-2020) - DGFT - 07/2015-2020

TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY (PART - I SECTION - I) GOVERNMENT OF INDIA MINISTRY OF COMMERCE INDUSTRY DEPARTMENT OF COMMERCE PUBLIC NOTICE NO. 7 /2015-2020 NEW DELHI, DATED THE 1 st May, 2015 In exercise of powers conferred under Paragraph 2.04 of the Foreign Trade Policy 2015-2020 , the Director General of Foreign Trade hereby makes amendment in para 2.07 (a) (iv) of Handbook of Procedures (2015-2020) which lists categories of importers or exporters exempted from obtaining Importer-Exporter Code(IEC). 2. The existing para 2.07(a) (iv) reads as under: Persons importing/exporting goods from/to Nepal, Myanmar through Indo-Myanmar border areas and China (through Gunji, Namgaya Shipkila and Nathula ports), provided CIF value of a single consignment does not exceed Indian ₹ 25, 000. In case of Nathula port, the applicable value ceiling will be ₹ 1, 00,000/-. 3. The revised para 2.07 (a) (iv) would read as under: Persons importing/exporting goods from/to Nepal; Myanmar (through Indo-Myanmar border areas); and China (through Gunji, Namgaya Shipkila and Nathula ports), provided that the CIF value of single consignment of import/export of goods from/to Nepal; and Myanmar (through Indo-Myanmar border areas) does not exceed Indian ₹ 25,000/-; and in the case of China, (a) for import/export of goods through Gunji and Namgaya Shipkila, CIF value of single consignment does not exceed Indian ₹ 1,00,000/-;and (b) for import/export of goods through Nathula, CIF value of single consignment does not exceed ₹ 2,00,000/-. 4. Effect of this Public Notice: For border trade between India and China, the CIF value per consignment is being increased from ₹ 1,00,000/- to ₹ 2,00,000/- in case of Nathula, while for Gunji and Namgaya Shipkila, the existing CIF value limit of ₹ 25,000/- is being enhanced to ₹ 1,00,000/-. (Pravir Kumar) Director General of Foreign Trade (Issued from File No.01/89/180/Misc.57/AM-06/PC-2 (B)