IDT Digest for May 19, 2017

  • Notification: Customs:

1.Amendments to “Rules of Determination of Origin of Goods”under India-Chile Preferential Trade Agreement:

The Central Government vide Notification No. 48/2017 – Customs (N.T.) dated May 16, 2017 has amended the notification No. 84/2007-Customs (N.T.) dated August 17, 2007 relating to“Rules of Determination of Origin of Goods”, under the Preferential Trading Agreement between the Republic of India and the Republic of Chile Rules, 2007.

Read more at: http://www.cbec.gov.in/resources//htdocs-cbec/customs/cs-act/notifications/notfns-2017/cs-nt2017/csnt48-2017.pdf

2.Amendment in the Customs notification No. 101/2007-Customs dated September 11, 2007 to change the tariff concession rate:

The Central Government vide Notification No. 19/2017 – Customs dated May 16, 2017has amendedNotification No. 101/2007 dated September 11, 2017relating to ‘Extent of tariff concession’on import of Specified itemsfrom Chile under ‘Indo-Chile Preferential Trading Agreement’. The extent of tariff concession with their descriptions & heading, sub heading or tariff items are provided in the link below.

Read more at: http://www.cbec.gov.in/resources//htdocs-cbec/customs/cs-act/notifications/notfns-2017/cs-tarr2017/cs19-2017.pdf

  • Public Notice: Foreign Trade Policy:

Clarification in the provision of SCOMET Export authorization for ‘Stock & Sale’ purposes

The Director General of Foreign Trade vide Public Notice No. 07/2015-20 dated May 17, 2017 has clarified provisions relating to SCOMET Export authorization for ‘Stock & Sale’ and the procedure of permission for re-export/re-transfer of SCOMET items by the stockist entity to the ultimate end-user has been framed.

Read more at: http://dgft.gov.in/Exim/2000/PN/PN17/PN0718.pdf