Trade Facilitation Measures (Supplement to Foreign Trade Policy) – Highlights

DUTY CREDIT SCRIPS UNDER DEPB SCHEME TO BE ISSUED WITHOUT WAITING FOR REALIZATION OF EXPORT PROCEEDS

SPECIAL PACKAGE OF RS.325 CRORE FOR LEATHER AND TEXTILES SECTOR

STCL, DIAMOND INDIA, MSTC, GEM & JEWELLERY EPC AND STAR TRADING HOUSES ADDED AS NOMINATED AGENCIES FOR IMPORT OF PRECIOUS METALS

GEM AND JEWELLERY EXPORT: IMPORT RESTRICTIONS ON WORKED CORALS REMOVED

BHILWARA AND SURAT RECOGNIZED AS TOWNS OF EXPORT EXCELLENCE FOR TEXTILES AND DIAMONDS

THRESHOLD LIMIT FOR RECOGNITION AS PREMIER TRADING HOUSES REDUCED TO RS.7500 CRORE

UNDER EPCG SCHEME, EXPORT OBLIGATION EXTENDED TILL 2009-10 FOR EXPORTS DURING 2008-09

DEPB/DUTY CREDIT SCRIP UTILIZATION EXTENDED FOR PAYMENT OF DUTY FOR IMPORT OF RESTRICTED ITEMS ALSO

PROCEDURE FOR CLAIMING DUTY DRAWBACK REFUND & REFUND OF TERMINAL EXCISE DUTY FURTHER SIMPLIFIED

RE-CREDIT OF 4% SAD FOR VKGUY, FPS AND FMS ALLOWED

A NEW OFFICE OF DGFT TO BE OPENED AT SRINAGAR

VALUE CAP UNDER DEPB REVISED FOR TWO PRODUCTS

ELECTRONIC MESSAGE TRANSFER FACILITY FOR ADVANCE AUTHORISATION AND EPCG TO BE ESTABLISHED

GEM & JEWELLERY UNITS IN EOU TO BE ALLOWED - PERSONAL CARRIAGE OF GOLD UP TO 10 KG

ADVANCE LICENSES ISSUED PRIOR TO 1.4.2002 REQUIRING MODVAT/CENVAT CERTIFICATE DISPENSED WITH

EXPORT OBLIGATION PERIOD AGAINST ADVANCE AUTHORIZATIONS EXTENDED UP TO 36 MONTHS

REIMBURSEMENT OF ADDITIONAL DUTY OF EXCISE LEVIED ON FUEL TO BE ADMISSIBLE FOR EOUS EARLY REFUND OF SERVICE TAX CLAIMS & FURTHER SIMPLIFICATION OF REFUND PROCEDURES ON THE ANVIL