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DGFT - Highlights / Catch Notes

Home Highlights July 2024 Year 2024 This

Para 4.49 (b) of Handbook of Procedures, 2023 amended. If Export ...


Export obligation fulfilled by quantity, no penalty if minimum value addition met. Value addition shortfall? Pay 1% FOB online via DGFT site.

Circulars     DGFT

July 25, 2024

Para 4.49 (b) of Handbook of Procedures, 2023 amended. If Export Obligation fulfilled in quantity but shortfall in value, no penalty if minimum Value Addition achieved. If Value Addition below prescribed minimum, Authorisation holder to deposit 1% of FOB value shortfall online through DGFT website, reduced from earlier 3%. Composition fee reduced for ease of doing business and reducing compliances.

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