Clarification on the applicability of minimum Value Addition as provided under para 4.09 (v) of FTP 2023, in case of spices - DGFT - Policy Circular No. 07/2023

Government of India Ministry of Commerce and Industry Department of Commerce Directorate General of Foreign Trade Vanijya Bhawan, New Delhi Policy - 4 Division Policy Circular No. 07/2023 Dated: 21st December 2023 To All Regional Authorities of DGFT All Exporters/Members of Trade All Custom Authorities Subject: Clarification on the applicability of minimum Value Addition as provided under para 4.09 (v) of FTP 2023, in case of spices -reg. Attention is drawn towards Para 4.09 (v) of Foreign Trade Policy 2023 which mandates 25% minimum value addition in the case of spices. It is clarified that the condition of minimum value addition of 25% in the case of spices is applicable only where both export as well as import items pertain to Chapter 9 of ITC HS Code. This issues with the approval of the Competent Authority. (K.M. Harilal) Jt. Director General of Foreign Trade (Issued from file no. 01/94/180/021/AM24/PC-4)