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On account of the COVID-19 pandemic, the DGFT vide Public Notice No.26/2015-2020 dated 16 October 2020 has amended the Handbook of Procedures 2015-20 on monitoring of Export Obligation to extend the due date for submission of documents for EO fulfilment upto 31 December 2020 for all Advance Authorisations, wherever EO period is expiring or has expired between 01 February 2020 and 31 December 2020.
The DGFT vide Trade Notice No. 32/2020-21 dated 28 October 2020 has requested the requested the EPCs, Trade and Industry involved in export of items falling under Chapter 86, 88 and 89 to urgently submit data for their respective export items in required format to the RoDTEP Committee, so as to enable working out of suitable rates for export items.
The DGFT vide Trade Notice No. 33/2020-21 dated 28 October 2020 has informed the IEC holders to create login IDs through the online registration process before the roll out of next phase of the platform. The DGFT has further outlined various other action points for exporters and importers regarding revamped DGFT services into the new DGFT IT platform.
The Ministry of Finance vide Notification no. 31/2020-Customs (ADD) dated 16 October 2020 has extended the imposition of Anti-Dumping Duty on imports of Front Axle Beam and Steering Knuckles meant for heavy and medium commercial vehicles classifiable under tariff heading 73261910, 73261990, 73269099, 87085000 and 87089900 of the Customs Tariff Act, 1975, originating or exported from the People’s Republic of China, upto and inclusive of 30 November 2020.
On account of the COVID-19 pandemic and the requirement to maintain social-distancing, the CBIC vide Circular No. 47/2020 – Customs dated 20 October 2020 has allowed contactless delivery of international courier consignments, based on OTP validation. The CBIC has further laid down the procedure to be followed for OTP based contactless delivery being adopted by the domestic courier companies.
In order to bring in greater regulatory clarity and certainty for investors, the CBIC vide Circular No. 48/2020-Customs dated 27 October 2020 has clarified only inputs are allowed to be sent out from a Warehouse unit u/s. 65 of the Customs Act. However, capital goods can be sent to with the permission of the bond officer. Further the Circular specifies certain conditions that the job work shall be subjected to.
The CBIC has further allowed certain tools, fixtures, etc. to be sent out to the job work premises subject to due accounting of the goods by the warehouse unit u/s. 65 of the Customs Act in the specified account as per the GST provisions. The CBIC lastly clarifies that no restrictions is imposed in respect of sourcing of goods by the units, as the units are GST registrants, which are also allowed to procure goods from SEZ / FTWZs by following the applicable procedures.
The information provided in this update is intended for informational purposes only and does not constitute legal opinion or advice. Readers are requested to seek formal legal advice prior to acting upon any of the information provided herein. This update is not intended to address the circumstances of any particular individual or corporate body. There can be no assurance that the judicial/ quasi judicial authorities may not take a position contrary to the views mentioned hereinrra quis.
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