DGFT Notifications/ Public Notices/ Trade Notices – Aug. 2018
September 11, 2018
Members of the Council,
SUB : DGFT Notifications/ Public Notices/ Trade Notices
Please find enclosed the following circulars.
1. DGFT Notification No.28/2015-2020 dated 27.8.18 which states that the limit of Rs One Crore per year for exports on free of cost exports basis for export promotion for Status Holders is removed and is made 2% of average annual export realization during preceding three licensing years with immediate effect.
2. DGFT Public Notice No.31/2015-20 dated 29.8.18 which states that EPCG authorisation holders are permitted to shift the capital goods imported during the entire export obligation period to their other units mentioned in the lEC and RCMC subject to conditions specified.
3. DGFT Public Notice No.32/2015-20 dated 29.8.18 which removes the requirement of electronic filing using digital signatures for advance authorization holders towards intimating the Regional Authority on the fulfilment of the export obligation, as well as average exports, within three months of completion of the block.
4. Trade Notice No.27/2018-19 dated 28.8.18 which states that vide Trade Notice No.23 dated 08.08.2018 the guidelines for filing online application for Importer Exporter Code Number (IEC) was issued. The provision of photograph of the applicant has been done away with in the new system. However, it is noted that new IEC allottees who have printed their electronic copy of IECs without any photograph on the IECs are facing difficulties in obtaining Registration cum Manufacturers Certificate (RCMCs) from the Export Promotion Councils (EPCs). It has been brought to notice that EPCs are not entertaining the applications for RCMC without photographs on the IEC. It the matter, it is clarified that w.e.f 9.8.2018 photograph in the IEC has been dispensed with IEC is now PAN-based system generated code and may no longer be treated as identity card for identity purposes.
Members may kindly note the above.
Thanks and regards