The DGFT vide Trade Notice No. 08/2022-23 dated May 17, 2022 has initiated the online submission of the application for registration of the Irrevocable Letter of Credit (“ICLC”).
Reference is invited to Notification No. 06/2015-2020 dated May 13, 2022 amending the export policy of wheat under S.No.59 of Chapter 10 of Schedule – 2 of the ITC (HS) Export Policy from ‘Free’ to ‘Prohibited’ with immediate effect read with Trade Notice No. 06/2022 2023 dated May 14, 2022 and Trade Notice No.07/2022-2023 dated May 17, 2022.
In this regard it is informed that in order to facilitate registration of Irrevocable Letter of Credit (ICLC), which have been opened on or before May 13, 2022, with the jurisdictional Regional Authorities of DGFT, as per provisions under Para 1.05 (b) of Foreign Trade Policy, 2015-2020, DGFT has initiated online submission module of such applications.
Accordingly, exporters may apply for Registration Certificate by navigating to the following weblink: www.dgft.gov.in Services Export Management System Registration Certificate for Exports. No manual submission of application is allowed for registration of ICLC.
The Regional Authorities under DGFT have already been instructed, vide Trade Notice No.06/2022-2023 dated May 14, 2022, to process such applications complete in all respect, preferably within 24 hours of receiving the application.
The Trade Notice can be accessed at: https://content.dgft.gov.in/Website/dgftprod/aa86a597-c813-442e-82ef-656c21c1a987/Trade%20Notice%20No.08%20dated%2017th%20May,%202022.pdf
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